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This paper studies the informativeness of stock prices, after some companies have defaulted. We show that the average price of companies in the stock market exceeds the average value of surviving plus defaulted companies. This price-value wedge is narrower for company types with higher survival....
Persistent link: https://www.econbiz.de/10012850070
stage I subsume various models for optimal hedging under one general co-integrated model. In a worked example three models …
Persistent link: https://www.econbiz.de/10013061102
resort. We examine the 2011 changes to the R&D Tax Incentive (“R&DTI”) in Australia, which allowed small firms in a tax loss …, potentially providing an alternative funding channel. Using a sample of 322 ASX-listed mining exploration entities (“MEEs …
Persistent link: https://www.econbiz.de/10012858666
The purpose of this study is to analyze the performance and liquidity risks of African mining in the last five years … descriptive analysis on this study, the analysis and comparison the mining company involved in the performance and liquidity risk …
Persistent link: https://www.econbiz.de/10012918714
The purpose of this study is to analyze the performance of the African mining in five years. The analysis is suitable … for African mining samples during from 2013 to 2017.This study used the credit risk, liquidity risk, operation risk and … economic environment such as descriptive analysis to compare mining profitability and liquidity of the company. The findings …
Persistent link: https://www.econbiz.de/10012918716
difficult it is to replicate existing research, with one example from Australia and one from the US. Using event studies and …
Persistent link: https://www.econbiz.de/10014431554
In this study an attempt has been made to create a link between corporate governance, intellectual capital efficiency and firm performance. The sample is BSE SENSEX firms from the year 2013 to 2015. Data has been collected from PROWESS database of Centre for Monitoring Indian Economy (CMIE)....
Persistent link: https://www.econbiz.de/10012984243
The recent financial crisis that began in 2007, also known as the Global Financial Crisis, had a huge influence on the financial situations of enterprises and financial institutions around the world. The situation on world stock markets was also strongly affected by the crisis. As the behavior...
Persistent link: https://www.econbiz.de/10011900024
Analyzing a sample of 13,917 U.S. firm-years from 1991 to 2006, we find that more innovative firms demonstrate high corporate social responsibility (CSR) performance subsequent to a successful innovation. These high-CSR innovative firms enjoy significantly higher valuation post-innovation. These...
Persistent link: https://www.econbiz.de/10014136204
Distortions in capital markets can create financial constraints that deter firms from pursuing optimal investment plans. This paper explores how much these constraints affect investment by ownership type in China, using a panel data model estimated with observations on listed firms for the...
Persistent link: https://www.econbiz.de/10013489728