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Theoretical investigation on the optimal contracting for directors holding multiple directorships

Lin, Guoyu; Brown, Anna - In: Journal of risk and financial management : JRFM 15 (2022) 4, pp. 1-16

This paper is the first (to our knowledge) to analytically model the optimal contracting for a member of the board of directors who holds multiple directorships. Prior literature has found conflicting evidence on the overall effect of multiple directorships on shareholder welfare: busy board...

Persistent link: https://www.econbiz.de/10013273012

Imperfect competition, real estate prices and new stylized facts

Kumar, Ronald Ravinesh; Stauvermann, Peter - In: Journal of risk and financial management : JRFM 15 (2022) 3, pp. 1-17

In this paper, we develop an overlapping generation model with imperfect competition and land to provide a theoretical foundation for some empirical observations made since the end of the 1970s. The problem is that these new “stylized facts” do not coincide with Kaldor’s stylized facts and...

Persistent link: https://www.econbiz.de/10013161577

The capitalist spirit and endogenous growth

Kumar, Ronald Ravinesh; Stauvermann, Peter; Wernitz, Frank - In: Journal of risk and financial management : JRFM 15 (2022) 1, pp. 1-22

The aim of the study is to investigate the influence of the capitalist spirit in conjunction with the distribution of income on economic growth. The capitalist spirit is represented by the fact that savings rates increase with increasing relative income. We extend an endogenous AK growth model...

Persistent link: https://www.econbiz.de/10012813878

Cash holding and firm value in the presence of managerial optimism

Habib, Ashfaq; Bhatti, Muhammad Ishaq; Khan, Muhammad Asif - In: Journal of risk and financial management : JRFM 14 (2021) 8, pp. 1-18

Cash holding is important for Chinese manufacturing firms coping with the increasing costs of financing and tough economic conditions. This study examines the impact of cash holding on the firm value of Chinese manufacturing businesses. We found evidence that a non-linear relationship exists...

Persistent link: https://www.econbiz.de/10012626541

The effect of managerial myopia on the adjustment speed of the company's financial leverage towards the optimal leverage

Rostami, Vahab; Kargar, Hamed; Samimifard, Mahdis - In: Journal of risk and financial management : JRFM 15 (2022) 12, pp. 1-12

survival of companies depend on this factor. This study investigates the effect of managers’ myopia on the adjustment speed of … selected as the research sample. The research results showed that the myopia of managers has an opposite effect on the … adjustment speed of financial leverage, so in companies with myopic managers, the adjustment speed of financial leverage …

Persistent link: https://www.econbiz.de/10014284374

Institutional investors' distraction and executive compensation stickiness based on multiple regression analysis

Hong, Yizhao; Cao, Chongyan - In: Journal of risk and financial management : JRFM 16 (2023) 2, pp. 1-21

Based on the impact of industry extreme return on the attention of institutional investors, taking Chinese A-share listed companies from 2011 to 2020 as a sample, this paper empirically tests the relationship between institutional investors’ distraction and executive compensation stickiness...

Persistent link: https://www.econbiz.de/10014305662

Revisited: monopoly and long-run capital accumulation in two-sector overlapping generation model

Kumar, Ronald Ravinesh; Stauvermann, Peter - In: Journal of risk and financial management : JRFM 14 (2021) 7, pp. 1-19

In this paper, we investigate if an increasing competition in an oligopolistic market will enhance the real incomes and consumer surplus in the long run. For this purpose, we apply a two-sector overlapping generation model in which members of the young generation own the oligopolistic firms. We...

Persistent link: https://www.econbiz.de/10012622703

Plato as a game theorist towards an international trade policy

Halkos, George E.; Kyriazēs, Nikos K.; Economou, … - In: Journal of risk and financial management : JRFM 14 (2021) 3/115, pp. 1-15

, game theory. Plato argued that there are two players, each with two identical strategies, to treat the other justly or …

Persistent link: https://www.econbiz.de/10012485255

The wolf and the caribou : coexistence of decentralized economies and competitive markets

Freund, Andreas; Stanko, Danielle - In: Journal of risk and financial management : JRFM 11 (2018) 2, pp. 1-38

Starting with BitTorrent and then Bitcoin, decentralized technologies have been on the rise over the last 15+ years, gaining significant momentum in the last 2+ years with the advent of platform ecosystems such as the Blockchain platform Ethereum. New projects have evolved from decentralized...

Persistent link: https://www.econbiz.de/10011857005

Are women more likely to seek advice than men? : evidence from the boardroom

Levi, Maurice D.; Li, Kai; Zhang, Feng - In: Journal of risk and financial management : JRFM 8 (2015) 1, pp. 127-149

It is commonly believed that women are more likely to seek advice than men; for example, on aspects of health or asking for directions when lost. This paper investigates whether women’s relatively greater propensity for advice seeking extends to important business decisions, specifically those...

Persistent link: https://www.econbiz.de/10011552916

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