Managerial Finance: Volume 41 Issue 1

Foreign exchange operating exposure and pass-through in a homogeneous product market

Jacques A. Schnabel

Operating exposure to foreign exchange risk and exchange rate pass-through are investigated in the context of a Cournot model of equilibrium in a homogeneous product market, i.e…

Determinants of mutual fund flows

Fredrik Kopsch, Han-Suck Song, Mats Wilhelmsson

The purpose of this paper is to study the determinants of aggregate fund flows to both equity and hybrid mutual funds. The authors test three hypotheses that help explaining the…

Directors’ remuneration, governance and performance: the case of Malaysian banks

Siew Peng Lee, Mansor Isa

The purpose of this paper is to examine the association between directors’ remuneration and performance and corporate governance in the Malaysian banking sector, using panel data…

CEO-shareholder incentive alignment around SEOs

Yilei Zhang, Yi Jiang

The purpose of this paper is to examine CEO wealth changes around seasoned equity offerings (SEOs) to explore the shareholder-manager incentive alignment in major corporate equity…

Do call auctions curtail price volatility? Evidence from the National Stock Exchange of India

Silvio John Camilleri

– The purpose of this paper is to empirically investigate whether call auctions which batch orders for simultaneous execution, may restrain stock market volatility.

Property rights institutions and bank performance across countries

Walaa Wahid ElKelish, Jon Tucker

The purpose of this paper is to investigate the relationship between the quality of property rights institutions (PRIs) and bank financial performance in an empirical study of 136…

Lender evaluations of start-up business prospects

Marika Miettinen, Mervi Niskanen

The purpose of this paper is to investigate lender evaluations of start-up success in a sample of Finnish firms that are customers of a state-owned financial institution. The…