International Journal of Managerial Finance: Volume 18 Issue 3

Nonlinear linkages between bank asset quality and profitability: evidence from dynamic and quantile approaches using a global sample

Faisal Alqahtani, Besma Hamdi, Michael Skully

The purpose of this study is to examine whether the relationship between asset quality and profitability is linear or nonlinear, using a global dataset containing 2,943 banks from…

Informational content of options around analyst recommendations

Qingxia Wang, Robert Faff, Min Zhu

More studies have investigated the relation between option measures and stock returns during scheduled corporate events. This study adds to the literature and investigates the…

Board independence and private information-based trading: evidence from Malaysia

Jiunn-Shyan Khong, Chee-Wooi Hooy, Chun-Teck Lye

This study investigates the effect of board independence on private information-based trading (PIBT) events. This study also examines the interaction effects of firm's disclosure…

Is the new issue puzzle real? Evidence from implied cost of capital

Snow Han

This study aims to provide new explanation of the new issue puzzle.

Individual investors' responses to mutual fund fire sales and sell-side analysts' price-correcting revisions

Jinglin Jiang, Weiwei Wang

This paper investigates individual investors' responses to stock underpricing and how their trading decisions are affected by analysts' forecasts and recommendations.

How do founder-CEOs sell their remaining ownership shares? Theory and evidence

Xu Niu

In this paper, the author attempts to answer an important question upon founder-CEOs' exiting: How do they sell their remaining ownership shares? The literature has largely been…

Financial expert CEOs, political intervention, and corporate investment decisions: evidence from the anti-corruption campaign

Hamish D. Anderson, Jing Liao, Shuai Yue

Employing the anti-corruption campaign as an exogenous political shock, this paper examines how political intervention shapes the impact of financial expert CEOs on firm…

Information search in times of market uncertainty: an examination of aggregate and disaggregate uncertainty

Marshall A. Geiger, Rajib Hasan, Abdullah Kumas, Joyce van der Laan Smith

This study explores the association between individual investor information demand and two measures of market uncertainty – aggregate market uncertainty and disaggregate…