The COVID-19 economic crisis in 2020 (COVID-19 crisis) and 2007-2009 global financial crisis (GFC) were both worldwide and posed significant challenges for firms. In this study, using Hofstede’s cultural dimension framework to analyze the cross-country, firm-level data for thousands of firms...

We examine the impact of covenant violation on corporate operational efficiency. Using aggregate measures of operational efficiency developed by Demerjian et al. (2012), we find that covenant violations are negatively associated with operational efficiency, suggesting lower operational...

In this paper, we test the applicability of different Fama-French (FF) factor models in Vietnam, we investigate the value factor redundancy and examine the choice of the profitability factor. Our empirical evidence shows that the FF five-factor model has more explanatory power than the FF...

In this paper, we test the applicability of different Fama-French (FF) factor models in Vietnam, we investigate the value factor redundancy and examine the choice of the profitability factor. Our empirical evidence shows that the FF five-factor model has more explanatory power than the FF...

This study examines how perceived value of microfinance and exploratory innovation affect small and medium-sized enterprises (SME) performance in the context of a developing nation. Drawing on the strategic innovation and microfinance literature, we hypothesize that (1) perceived value of...