International Journal of Managerial Finance
Issue(s) available: 83 – From Volume: 1 Issue: 1, to Volume: 19 Issue: 5
The impact of economic policy uncertainty on sustainability (ESG) performance: the role of the firm life cycle
Muhammad Azeem Qureshi, Tanveer Ahsan, Ammar Ali Gull, Zaghum UmarThis study investigates the impact of economic policy uncertainty (EPU) on corporate sustainability [environmental, social and governance (ESG)] performance and aims to explore…
Family involvement and corporate financialization: evidence from China
Lixia Wang, Yingqian Gu, Wanxin LiuUnder the background of continuous sluggishness of the real economy and expansion of asset sectors, the Chinese economy exists a trend of “from the real to the virtual.” Managing…
The real implications of mimicking peer firms' cash holdings
Marvelous Kadzima, Michael Machokoto, Edward ChamisaThis study empirically examines the nonlinear effects of mimicking peer firms' cash holdings on shareholder value, with consideration of macroeconomic conditions.
Oil price uncertainty and corporate inventory investment
Amanjot SinghThis study examines the relationship between oil price uncertainty (OPU) and corporate inventory investments using a sample of 6,072 USA manufacturing firms from 1992 to 2019.
Effects of time-varying political connections on loan contracts
Hao Fang, Chieh-Hsuan Wang, Joseph C.P. Shieh, Chien-Ping ChungThe authors construct two time-varying political connection (PC) indexes to measure a firm's political tendencies toward ruling and opposing parties and analyze whether a firm…
The more, the merrier? The role of an auditor's certification in loan pricing
Bolortuya Enkhtaivan, Zagdbazar DavaadorjThe purpose of this paper is to explore the role of three different audit characteristics in loan pricing—the most significant credit term for borrowers. Three characteristics…
How does management respond to stock price crashes?
Suvra Roy, Ben R. Marshall, Hung T. Nguyen, Nuttawat VisaltanachotiThe purpose of this study is to investigate (1) how managers respond to stock price crashes, (2) why they respond and (3) how their responses affect shareholders.
Military CEOs and firm dividends and cash holdings
Nam Hoang Le, Zhe Li, Megan RamseyThe purpose of this study is to examine the relationships between chief executive officers (CEOs) with military service and firm dividend and cash holding decisions.
Do all CEO pay regulations hurt firm performance? Evidence from China
Xiaochuan Tong, Weijie Wang, Yaowu LiuThe authors study and compare the effects of three CEO compensation restricting policies issued by the Chinese government in 2009, 2012 and 2015. This paper aims to shed light on…
CEO overconfidence and tax avoidance: role of institutional and family ownership
Zahra Souguir, Naima Lassoued, Houssam BouzgarrouThis study aims to investigate the effect of overconfident chief executive officers (CEOs) on corporate tax avoidance and whether this relationship is affected by institutional…
Compensations, overconfidence and use of loan terms
Jan Voon, Yiu Chung MaThis paper contributes to the literature as follows. First, it examines if option and stock compensations raise creditor's risk, and which one is more important than the other…
Dividend policy and firm liquidity under the tax imputation system in Australia
Min Bai, Yafeng Qin, Feng BaiThe primary goal of this paper is to investigate the relationship between stock market liquidity and firm dividend policy within a market implementing the tax imputation system…
Can a firm's hierarchical complexity affect its stock price behavior? Evidence from stock price crash risk
Hoàng Long Phan, Ralf ZurbrueggThis paper examines how a firm's hierarchical complexity, which is determined by the way it organizes its subsidiaries across the hierarchical levels, can impact its stock price…
Institution quality and stock price crash risk: a global perspective
Cong Wang, Yifan LuThis study aims to provide empirical evidence on the relationship between formal institutions and stock price crash risk from a global perspective.
Deglobalization and the value of geographic diversification: evidence from Brexit
Abongeh A. Tunyi, Tanveer Hussain, Geofry ArenekeThis paper aims to explore the value of geographic diversification in the context of deglobalization, drawing evidence from a quasi-natural experiment – the Brexit referendum that…
The impact of CEO attributes on corporate decision-making and outcomes: a review and an agenda for future research
Christiana Osei Bonsu, Chelsea Liu, Alfred YawsonThe role of chief executive officer (CEO) personal characteristics in shaping corporate policies has attracted increasing academic attention in the past two decades. In this…
The impact of international money transfer cost transparency on remittance flows to emerging economies
Primrose GuriraThe purpose of this study is to explore the impact of cost transparency introduced by the Remittance Prices Worldwide (RPW) online transaction cost comparison tool on remittance…
Managerial ability and climate change exposure
G.M. Wali Ullah, Isma Khan, Mohammad AbdullahThis study aims to investigate how a firm's management team's capacity to efficiently use its resources affects the firm's exposure to climate change. Specifically, the authors…
Does the S&P index effect differ between large and small company stocks?
Ernest N. Biktimirov, Yuanbin XuThe purpose of this study is to compare market reactions to the change in the demand by index funds between large and small company stocks by examining the transition of the S&P…
Is corporate digital transformation a tax haven?
Wanyi Chen, Fanli MengCorporate digital transformation (CDT) has challenged traditional tax administration systems. This study examines the impact of CDT on tax avoidance behavior and tests whether tax…
The nexus between economic policy uncertainty and access to finance: a study of developing countries
Omar Farooq, Imad Jabbouri, Maryem NailiThis paper attempts to document the effect of economic uncertainty on financing constraints faced by private firms.
Gender diversity of directors and financial performance: is there a business case?
Subba Reddy Yarram, Sujana AdapaDo women contribute to performance of companies on which they serve as board of directors? Many prior studies examine this issue, but no consensus is reached on the benefits of…
Corporate fraud and industry peer effects on IPO underpricing
Darshana PalkarExisting studies suggest that negative impacts emanating from corporate fraud revelations may diffuse to other firms through lower trust and lower market participation. Extending…
Geopolitical risk and corporate tax behavior: international evidence
Vishnu K. Ramesh, A. AthiraThis study examines the association between geopolitical risk (GPR) and corporate tax, which is a major source of revenue for the government and a significant explicit cost for…
The effects of debt liquidity risk on firms' growth rate
Zilong Liu, Hongyan Liang, Chang LiuIn theory, the impact of debt liquidity risk (DLR) on the firm's future growth is ambiguous. This study aims to examine the empirical relationship between the DLR and firms'…
Monetary policy, macroeconomic uncertainty and corporate liquid asset demand: a firm-level analysis for India
Pragati Priya, Chandan SharmaThe study examines how the liquid assets holdings among non-financial Indian firms vary due to tightening monetary policy and increasing macroeconomic uncertainty.
Currency change and capital structure decisions: evidence from the birth of the Euro area
Marco BottaThe paper investigates if the process that led to the birth of the Euro Area had a significant impact in homogenizing the capital structure decisions of European firms since the…
Managerial ownership and financial distress: evidence from the Chinese stock market
Yuan George Shan, Indrit Troshani, Jimin Wang, Lu ZhangThis study investigates the convergence-of-interest and entrenchment effects on the relationship between managerial ownership and financial distress using evidence from the…
Are young CEOs a better match for young firms? Evidence from age, firm performance and CEO compensation
Snow Xue HanThe current paper extends previous studies on the match between CEO and firm and explores whether certain characteristics of young CEOs make them more desirable to young firms…
Strategic working capital management in response to a performance shock: evidence from the NOx Budget Trading Program
Paula Hearn Moore, Ben Le, Donna L. PaulThis paper examines how manufacturing firms impacted by the nitrogen oxides (NOx) Budget Trading Program (NBP) strategically managed working capital to release funds for increased…
Do emerging market corporates mimic the payout policy of peers?
Neeraj Jain, Smita KashiramkaThis study aims to investigate the effects of peers on corporate payout policies in one of the largest emerging markets – India. It also examines the motives for mimicking payout…
Mandatory CSR disclosure and CEO pay performance sensitivity in China: evidence from a quasi-natural experiment
Siwen Song, Adrian (Wai Kong) Cheung, Aelee Jun, Shiguang MaThis paper aims to empirically examine the impact of mandatory CSR disclosure on the CEO pay performance sensitivity.
Analyzing the static and dynamic dependence among green investments, carbon markets, financial markets and commodity markets
Emmanuel Joel Aikins Abakah, Aviral Kumar Tiwari, Johnson Ayobami Oliyide, Kingsley Opoku AppiahThis paper investigates the static and dynamic directional return spillovers and dependence among green investments, carbon markets, financial markets and commodity markets from…
Identifying the risk culture of banks using machine learning
Abena Owusu, Aparna GuptaAlthough risk culture is a key determinant for an effective risk management, identifying the risk culture of a firm can be challenging due to the abstract concept of culture. This…
Sources of incentive and entrenchment effects in family firms: balancing self-dealings with operating efficiencies
Kinshuk SaurabhThe purpose of the study is to examine how operating efficiencies from incentive alignment compensate for rent extraction in family firms. The author asks whether ownership (1…
Cross-listing and noncompliance with the mandatory CSR expenditure regulation
Satish Kumar, Geeta SinghIn this paper, the authors examine the relation between cross-listing and the noncompliance with the mandatory corporate social responsibility (CSR) expenditure regulation in…
Earnings quality, institutional investors and corporate cash holdings: evidence from India
Swechha Chada, Gopal VaradharajanThis paper aims to examine the relationship between earnings quality and corporate cash holdings in an emerging economy. Existing literature posits that earnings quality is a…
Electricity access and green financing in the African region
Geeta Rani Duppati, Stifanos Hailemariam, Roselyn Murray, Jana KivellThis study aims to provide empirical evidence on two research questions: firstly, whether green finance is positively related to electricity access, and, secondly, if the domestic…
Female corporate leadership, institutions and financing constraints around the world
Charilaos Mertzanis, Hazem Marashdeh, Sania AshrafThis study aims to analyze the effect of female top management and female dominant owner on whether firms experience obstacles to obtaining external finance in 136 medium- and…
Blockholder ownership and corporate cash holdings: evidence from European firms
Abdulaziz Ahmed AlomranThis study aims to investigate the impact of ownership by large shareholders (blockholders) on corporate cash holdings. The study further investigates heterogeneity in the…
Feverish sentiment, lockdown stringency, oil volatility, and clean energy stocks during COVID-19 pandemic
Sakiru Adebola Solarin, Muhammed Sehid Gorus, Veli YilanciThis study seeks to investigate role of the coronavirus disease 2019 (COVID-19) pandemic on clean energy stocks for the United States for the period 21 January 2020–16 August 2021.
ISSN:
1743-9132Online date, start – end:
2005Copyright Holder:
Emerald Publishing LimitedOpen Access:
hybridEditor:
- Dr Alfred Yawson
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