Managerial Finance


Accounting and Finance

Table Of Contents: Volume 42 Issue 12

What determines firms’ zero-leverage policy in India?

Biswajit Ghose, Kailash Chandra Kabra

This paper studies the relationship between characteristics of firms’ and their propensity to maintain zero-leverage (ZL). Its second objective is to examine the impact of…

A study on the rationality of expensing of Taiwan employee stock bonuses

Kuo-Jung Lee, Jen-tsung Huang, Mei-chun Wu

In order to follow the international trend of increasing transparency in financial statements, Taiwan began to implement regulations on expensing employee bonuses in 2008…

The impact of employer-delayed deposits on plan participant wealth

Jeffrey Scott Jones

The purpose of this paper is to examine the impact of employer-delayed deposits to defined contribution plans on plan participant wealth. The history of regulatory…

The q-factor and the Fama and French asset pricing models: hedge fund evidence

Greg Gregoriou, François-Éric Racicot, Raymond Théoret

The purpose of this paper is to test the new Fama and French (2015) five-factor model relying on a thorough sample of hedge fund strategies drawn from the Barclay’s Global…

Value of employee satisfaction during the financial crisis

Cathy Xuying Cao, Chongyang Chen

The purpose of this paper is to examine how employee satisfaction affects firm value around the financial crisis.

The risk-capital-efficiency trilogy

Salma Louati, Awatef Louhichi, Younes Boujelbene

Based on a matched sample of 34 Islamic banks and 89 conventional ones, the purpose of this paper is to analyze and compare the risk-capital-efficiency interconnection.



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  • Professor Don Johnson