This paper aims to determine the impact of working capital management policy and financial leverage on financial performance of Jordanian companies measured in terms of net income, return on equity (ROE) and return on asset (ROA). Pearson's rank correlation test, ANOVA F- test, and multiple...

The effect of a financial management intervention on college students' financial behavior was examined. The intervention strategy, a form of expenditure tracking, focused on consciousness-raising and was implemented among 170 undergraduate students. Qualitative analysis of participants'...

Enterprise Risk Management (ERM) is a holistic, integrated approach to managing a company's risks, in contrast to the so-called “silo-approach” prevalent in many firms in which risks are managed independently of each other. Yet for all the risk exposures that are brought under the corporate...

This article is a primer on how profits are created in corporate finance and thus provides a justification for the role of corporate finance in practice. The key is to understand the role of corporate arbitrage. Corporations have a larger arbitrage opportunity set which allows the firm to...

Healthcare infrastructures are a typical risky investment, which can be financed in many different and competing ways, and Public Private Partnership and project financing techniques are increasingly recognized as a useful and appropriate device. Risk identification, transfer, sharing and...

Many banks provide supply-chain finance solutions that might include insurance services that further mitigate trade risk such as the default of suppliers. This study proposes the development of an insurance model that uses the Black-Scholes-Merton Model (BSM) (1973) for default prediction and...

We examine whether managerial overconfidence can help explain the observed discrepancies between the theory and practice of corporate risk management. We use a unique dataset of corporate derivatives positions that enables us to directly observe managerial reactions to their (speculative) gains...

Local governments are important to the provision of public goods. Budgetary initiatives at the state level often trap local governments in a fiscal vise, squeezed on one side by the desires of their citizens for public and club goods and on the other side by declining state revenue sharing. As a...

The product life cycle has been overlooked by academicians who examine the financial aspects of corporate behavior and teach finance. This article demonstrates how the life cycle concept can be used to enhance both research and teaching by demonstrating how key financial variables, such as...

Decision makers often take risky decisions on the behalf of others rather than for themselves. Competing theoretical models predict both, higher as well as lower levels of risk aversion when taking risk for others, and the experimental evidence is mixed. In our within-subject design, money...