Managerial Finance


Accounting and Finance

Table Of Contents: Volume 39 Issue 11

Governance, type of blockholder, and negotiating power in takeovers

Oneil Harris, Jeff Madura, Charmaine Glegg

Agency theory suggests that if managers are not monitored, takeover negotiations may be contaminated by agency conflicts, which may weaken a firm's bargaining position…

The economic rationale for option backdating: incentive explanations

Hongyan Fang, David Whidbee

– The purpose of this paper is to provide evidence in support of incentive and retention-based explanations for backdating.

Competitive strategy and industry contagion following traditional Chapter 11 bankruptcy announcements

Kenneth Hunsader, Natalya Delcoure, Gwendolyn Pennywell

– The purpose of this paper is to investigate the effect of bankruptcy announcements on the bankrupt firm's competitors' stock returns.

Are big city businesses more profitable than other firms?

William Ruland

The purpose of this paper is to focus upon the financial performance of firms that maintain headquarters in the largest cities and firms based in smaller metropolitan…

Equity agency costs in payouts, pension plan manipulation and firm performance

Rony Moche Halman

– The purpose of this paper is to present novel empirical findings regarding the shareholder-management agency problem.



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  • Professor Don Johnson