International Journal of Managerial Finance
Issue(s) available: 82 – From Volume: 1 Issue: 1, to Volume: 19 Issue: 4
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…
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…
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…
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…
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…
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…
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.
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…
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…
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…
Investigation of the multi-layers of imprinting on corporate working capital management
Zagdbazar Davaadorj, Bolortuya Enkhtaivan, Jamie WeathersThe paper aims to investigate the imprinting effect on working capital (WC) management as higher-level managers' transition to chief executive officer (CEO) positions. This paper…
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…
Signaling or tunneling: the dividend policies of Chinese ADRs listed in the US
Kevin M. ZhaoThis study tests the signaling and tunneling models of dividend policies by examining the relationship between the ownership structure and the dividend payout in a setting where…
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…
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'…
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…
Is this rating worth it? The benefits of credit ratings in the dynamic tradeoff model
Karolina Krystyniak, Viktoriya StanevaThis study seeks to identify the main determinants of the optimal capital structure by reexamining the interpretation of the conventional set of explanatory variables used as…
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…
Bankruptcy law, creditors' rights and dividend policy: evidence from a quasi-natural experiment
Nemiraja Jadiyappa, Ram Kumar KakaniThe purpose of this paper is to examine how changes in creditors' rights affect the dividend policy behavior of corporate firms.
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…
Earnings management and underperformance after seasoned equity offerings: a cross-country study
Solomon Opare, Muhammad Houqe, Tony van ZijlThis purpose of this study is to examine the association between earnings management (accruals earnings management (AEM) and/or real activities manipulation (RAM)) and firm…
Executive pay disparity and cost of debt financing
Hsin-I Chou, Xiaofei Pan, Jing ZhaoThis paper aims to examine the relationship between executive pay disparity and the cost of debt.
CEO marital status and capital allocation efficiency
Md Noman Hossain, Md Nazmul Hasan BhuyanThe extant literature provides evidence that single CEOs are less risk-averse. Building on the theory of risk aversion, the authors argue that the risk aversion trait arising from…
Risk mitigation effect of foreign debt: evidence from loan pricing
Yane ChanderaThe author examines the presence of foreign currency effects and the risk-mitigation channel through which a foreign-currency denomination reduces the loan spread.
Testing of coherence between monetary policy stimulus, financial flexibility and profitability of manufacturing firms
Ajaya Kumar Panda, Swagatika Nanda, Apoorva HegdeThis paper aims to empirically investigate the evidence of the transmission of monetary policy impulses to firm profitability via manufacturing firms’ short-term and long-term…
Clustering of percentage gross spreads and the avoidance of underwriter switching
Chin-Chong Lee, Shaw Warn Too, Kuan San OoiBoth issuing firms and underwriters shall benefit from the associations in underwriting contracts for seasoned equity offerings (SEOs). Issuing firms that are offered underwriting…
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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