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Groups, pricing, and cost of debt : evidence from Turkey
Küllü, A. Melih; Raymar, Steven B. - In: Journal of risk and financial management : JRFM 11 (2018) 1, pp. 1-31
has not been studied in depth. Our results reveal that the extent of group affiliation, government ownership, and … loans. While foreign ownership is beneficial in terms of pricing, being affiliated with a foreign group is not. Being a …
Persistent link: https://www.econbiz.de/10011855158
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CSR and firm risk : is shareholder activism a double-edged sword?
Bozos, Konstantinos; King, Timothy; Koutmos, Dimitrios - In: Journal of risk and financial management : JRFM 15 (2022) 11, pp. 1-22
Few can argue with the notion that corporations should at least consider corporate social responsibility (CSR) to better understand the impact of their operations on society. However, recent empirical tests suggest CSR has an ambiguous impact on firm performance. To shed new light on this...
Persistent link: https://www.econbiz.de/10013474479
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Institutional ownership and firm performance : evidence from an emerging economy
Abedin, Syeda Humayra; Haque, Humaira; Shahjahan, Tanjina; … - In: Journal of risk and financial management : JRFM 15 (2022) 12, pp. 1-17
, this study investigates the impact of institutional ownership on firm performance in the Bangladeshi setting. Consistent … ownership and firm performance. Our findings indicate that both board size and board independence have a significant positive … impact on the relationship between institutional ownership and firm performance. …
Persistent link: https://www.econbiz.de/10014284398
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The Influence of information transparency and disclosure on the value of listed companies : evidence from Vietnam
Loc Dong Truong; Le, Thai Xuan; Friday, H. Swint - In: Journal of risk and financial management : JRFM 15 (2022) 8, pp. 1-14
This analysis examines the influence of information transparency and disclosure on the value of companies listed on the Vietnamese stock market. Data employed in this study were primarily gathered from the audited financial statements, management reports and other related documents of 430...
Persistent link: https://www.econbiz.de/10013380408
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Role of international trade competitive advantage and corporate governance quality in predicting equity returns : static and conditional model proposals for an emerging market
Muzir, Erol; Kizil, Cevdet; Ceylan, Burak - In: Journal of risk and financial management : JRFM 14 (2021) 3/125, pp. 1-31
This paper aims to develop some static and conditional (dynamic) models to predict portfolio returns in the Borsa Istanbul (BIST) that are calibrated to combine the capital asset-pricing model (CAPM) and corporate governance quality. In our conditional model proposals, both the traditional CAPM...
Persistent link: https://www.econbiz.de/10012486240
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The effect of industry restructuring on peer firms
Holcomb, Alex; Mason, Paul - In: Journal of risk and financial management : JRFM 14 (2021) 5, pp. 1-25
We study the bond price reaction of a merged firms peers, in order to better understand how the market responds to a restructuring. We argue that a merger announcement may signal the possibility of a merger wave to the industry, and in doing so, increase the conditional probability that peer...
Persistent link: https://www.econbiz.de/10012534527
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Review of the literature on merger waves
Cho, Sangjun; Chung, Chune Young - In: Journal of risk and financial management : JRFM 15 (2022) 10, pp. 1-21
Over the past few decades, the rapid growth of mergers and acquisitions (M&As) has received interest from academics and practitioners. While M&As continue to be the subject of thorough investigation from a corporate governance standpoint, comparatively less effort has been made to organize and...
Persistent link: https://www.econbiz.de/10013471479
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Corporate governance and corporate creditworthiness
Parnes, Dror - In: Journal of risk and financial management : JRFM 4 (2012) 1, pp. 1-42
We examine the relation between corporate governance and bankruptcy risk as an underlying force affecting a bond’s yield. The level of corporate governance is captured by the G-index, along with the explicit groups of governance provisions. We estimate bankruptcy risk by Z-score, by...
Persistent link: https://www.econbiz.de/10011555892
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Assessing institutional dynamics of governance compliance in emerging markets : the GCC real estate sector
Pillai, Rekha; Al-Malkawi, Husam-Aldin Nizar; Bhatti, … - In: Journal of risk and financial management : JRFM 14 (2021) 10, pp. 1-18
The real estate sector has emerged as the bedrock of the Gulf Cooperation Council (GCC) economies, and it has remained resilient despite the various unprecedented micro- and macro-economic shocks devouring the world’s economies. However, wavering investor attitudes and minimal exposure to real...
Persistent link: https://www.econbiz.de/10012794250
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Does ownership structure moderate the relationship between systemic risk and corporate governance? : evidence from Gulf Cooperation Council countries
Abidi, Ilyes; Nsaibi, Mariem; Hussainey, Khaled - In: Journal of risk and financial management : JRFM 15 (2022) 5, pp. 1-17
The objective of this paper is to empirically examine the moderating effect of ownership structure on the relationship …
Persistent link: https://www.econbiz.de/10013273469