Managerial Finance: Volume 47 Issue 11

Do Indian firms engage in classification shifting to report inflated core earnings?

Manish Bansal, Ashish Kumar, K. N. Badhani

The authors aim at investigating different forms of classification shifting (CS). CS is a novel form of earnings management under which managers misclassify income statement line…

The analysis of debt levels in public firms: an international evidence

Rajesh Pathak, Ranjan Das Gupta, Abhinav Jalali

This study investigates if the widely held predictors of corporate leverage exhibit predictive consistency through times and across countries amidst country heterogeneities such…

CEO social capital and asset sell-offs

Charles Danso, Margarita Kaprielyan, Md Miran Hossain

Recent studies explore how chief executive officer (CEO) social capital affects corporate decision-making. Well-connected CEOs can have greater access to information, which can…

Performances of liquidity factors in the stock market cycle: evidence from the Tokyo Stock Exchange

Xin Zhong

The purpose of this study is to examine the performances of liquidity factors in the stock market cycle. It aims to investigate whether the contribution of liquidity factors…

Student-managed investment funds: a review and research agenda

Kobana Abukari, Erin Oldford, Neal Willcott

In recent years, student-managed investment funds (SMIFs), experiential learning programs at an increasing number of universities, have attracted significant scholarly interest…

Can directors' liability reduction promote corporate innovation?

Sanghak Choi, Hail Jung

This study aims to explore the effects of director liability reduction (DLR) laws on corporate innovation strategies in South Korea.

Asian stock market integration after the global financial crisis: an ARDL bound testing approach

Thazhungal Govindan Saji

The Global recession of 2008 was the worst financial crisis in the postworld war economic history that brought in severe disruptions in global investments and capital flows. Not…

Firm- and country-level determinants of green investments: an empirical analysis

Sergey S. Barabanov, Anup Basnet, Thomas J. Walker, Wangchao Yuan, Stefan Wendt

This study aims to examine the determinants of corporate green investments (GI) by using a series of both firm- and country-level factors.