Managerial Finance


Accounting and Finance

Table Of Contents: Volume 37 Issue 2

The value of Morningstar ratings: evidence using stochastic data envelopment analysis

John Watson, J. Wickramanayke, I.M. Premachandra

This paper aims to contribute the existing finance literature by examining whether the ratings of Morningstar in Australia provide useful information for an investor by…

Determinants of capital structure

Nadeem Ahmed Sheikh, Zongjun Wang

The aim of this empirical study is to explore the factors that affect the capital structure of manufacturing firms and to investigate whether the capital structure models…

Interest rate sensitivity of US property/liability insurer stock returns

Jin Park, B. Paul Choi

The purpose of this study is to investigate interest rate sensitivity of the US property/liability (P/L) insurers stock returns using various return generating process…

Abnormal stock returns, for the event firm and its rivals, following the event firm's large one‐day stock price drop

Susana Yu, Dean Leistikow

The purpose of this paper is to examine intra‐industry contagion and the following apparent violations of the efficient market hypothesis around large one‐day price…

Analysis of the effects of ESOP adoption on the company cost of capital

Stoyu I. Ivanov, Janis K. Zaima

The purpose of this study is to examine whether employee stock ownership plans (ESOPs) add or destroy value from a new perspective by examining the relation of the…



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  • Professor Don Johnson