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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
Using the Ordinary Least Square (OLS) estimation technique based on a sample of 180 listed firms from 2008 to 2018, this study investigates the impact of institutional ownership on firm performance in the Bangladeshi setting. Consistent with the "active monitoring" view, the results indicate...
Persistent link: https://www.econbiz.de/10014284398
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Shareholder activism and its impact on profitability, return, and valuation of the firms in India
Shingade, Sudam; Rastogi, Shailesh; Bhimavarapu, … - In: Journal of risk and financial management : JRFM 15 (2022) 4, pp. 1-20
The paper’s prime objective is to understand the impact of Shareholder activism on firm performance. This study is conducted in a unique setup where traditional activist investors such as pension funds and hedge funds are not present. However, the activism cases are increasing yearly in an...
Persistent link: https://www.econbiz.de/10013168731
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Government subsidisation and shareholder wealth impact : evidence from Malaysia
Sinnadurai, Philip; Ravichandran K. Subramaniam; S. … - In: Journal of risk and financial management : JRFM 14 (2021) 9, pp. 1-24
This paper investigates the shareholder wealth impact of government investment in listed companies (and by extension, government subsidisation of those companies), using data from Malaysia. We distinguish two overlapping categories of government-related investors: those whose principal mission...
Persistent link: https://www.econbiz.de/10012627662
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Understanding post-privatisation performance of statutory bodies subject to government shareholding : a suggested theoretical framework, for malaysian researchers
Sinnadurai, Philip; S. Susela Devi - In: Journal of risk and financial management : JRFM 15 (2022) 5, pp. 1-15
The purpose of this concept paper is to suggest a theoretical framework for understanding the post-privatisation performance of statutory bodies, subject to government shareholding. We identify a suitable model, from the analytical economics literature. We argue that this model is a...
Persistent link: https://www.econbiz.de/10013273495
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Impact of change in promoters' shareholding pattern on the performance of small-cap-value equity stocks in the national stock exchange of India
Khatwani, Ritesh Ashok; Raghuram, Gopala; Mishra, Mahima; … - In: Journal of risk and financial management : JRFM 16 (2023) 1, pp. 1-15
This paper studies the impact of a change in promoter shareholding on small-cap-value stocks. NIFTY Small Cap 250 index stocks within the top 20th percentile of the book-to-market (B/M) ratio of the same universe have been considered for this study. The paper uses regression analysis for...
Persistent link: https://www.econbiz.de/10014295010
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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 between systemic risk and corporate governance. It complements prior research by studying the relationship between the proportion of capital held by state institutions and...
Persistent link: https://www.econbiz.de/10013273469
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Firm size does matter : new evidence on the determinants of cash holdings
Magerakis, Efstathios; Gillas, Konstantinos Gkillas; … - In: Journal of risk and financial management : JRFM 13 (2020) 8/163, pp. 1-33
We study the financial determinants of cash holdings and discuss the importance of firm size in the post-crisis period. We employ panel data regression analysis on a sample of 6629 non-financial and non-utility listed companies in the United Kingdom from 2010 to 2018. We focus on the comparative...
Persistent link: https://www.econbiz.de/10012322361
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Does managerial power increase selective hedging? : evidence from the oil and gas industry
Jankensgård, Håkan - In: Journal of risk and financial management : JRFM 12 (2019) 2/71, pp. 1-18
This study examines the managerial power-hypothesis of selective hedging, which holds that selective hedging is observed more frequently in companies where managers have greater latitude to execute hedging proposals without serious scrutiny or questioning. The hypothesis is tested using...
Persistent link: https://www.econbiz.de/10012022141
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Corporate governance and dividend policy in the presence of controlling shareholders
Rodrigues, Ricardo; Felício, J. Augusto; Matos, Pedro Verga - In: Journal of risk and financial management : JRFM 13 (2020) 8/162, pp. 1-15
been addressed despite the importance of dividends for shareholders and the implications on the free cash-flow, whose … application may be a source of conflicts between managers and shareholders. In this paper, we study the influence of a set of … the importance of governance mechanisms toward the protection of shareholders’ interests, and reveal that the decisions on …
Persistent link: https://www.econbiz.de/10012322365