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Decisive factors in company financial internationalization: an empirical study

Urionabarrenetxea, Sara; Castellanos, Arturo Rodríguez - In: Managerial Finance 36 (2010) January, pp. 22-43

PPurpose – This paper seeks to identify factors potentially conditioning firms’ financial internationalization. Companies often internationalize their financial areas as part of their larger internationalization strategy. In other words, such an initiative is associated with the...

Persistent link: https://www.econbiz.de/10009319853

Distortion in corporate valuation: implications of capital structure changes

Oded, Jacob; Michel, Allen; Feinstein, Steven P. - In: Managerial Finance 37 (2011) August, pp. 681-696

Purpose – The traditional discounted cash flows (DCF) valuation procedure used by financial analysts assumes that firms maintain a policy of fixed debt. However, empirical evidence suggests that many firms rebalance their debt. This paper seeks to explore the implication of this discrepancy...

Persistent link: https://www.econbiz.de/10009275360

Financial development and economic growth: evidence from the European Union

Halkos, George E.; Trigoni, Marianna K. - In: Managerial Finance 36 (2010) November, pp. 949-957

Purpose – The purpose of this paper is to detect the relationship between finance and growth in the European Union …-mentioned variables. According to the results, there seems to be a long-term relationship, between finance, growth and monetary policy. …

Persistent link: https://www.econbiz.de/10009275377

Abnormal stock returns, for the event firm and its rivals, following the event firm's large one-day stock price drop

Yu, Susana; Leistikow, Dean - In: Managerial Finance 37 (2011) February, pp. 151-172

Purpose – The purpose of this paper is to examine intra-industry contagion and the following apparent violations of the efficient market hypothesis around large one-day price decline events in individual stocks. Design/methodology/approach – The paper examines daily stock returns around...

Persistent link: https://www.econbiz.de/10009275424

Is there a period of listing effect or a post-listing performance puzzle?

Brown, William O. - In: Managerial Finance 39 (2013) January, pp. 4-27

Purpose – Barry and Brown find that returns are higher for securities that have been listed for shorter periods of time after controlling for firm size and a January effect. The purpose of this paper is to examine the robustness of this period of listing effect and test for a post-listing...

Persistent link: https://www.econbiz.de/10010611006

The parables, premium puzzles, and the CAPM

Lin, Hong-Jen; VanderLinden, David C. - In: Managerial Finance 32 (2006), pp. 792-801

Purpose –The purpose of this paper is to ascertain whether religions parables are relevant to finance. Design … practice and theory of finance. Moreover, several parables giving insight into investor reactions may help explain the premium … puzzles in asset pricing. Findings - Based on a thorough analysis, one can see that the parables contribute to finance …

Persistent link: https://www.econbiz.de/10010814852

Using instant messenger in the finance course

Michelson, Stuart; Smith, Stanley D. - In: Managerial Finance 34 (2008), pp. 131-138

Purpose -New technologies have provided new tools we may use as finance professors to communicate with our students … investigate the use of IM as a communication tool in finance courses. Design/methodology/approach - After reviewing the advantages …

Persistent link: https://www.econbiz.de/10010814881

The economic rationale for option backdating: incentive explanations

Fang, Hongyan; Whidbee, David - In: Managerial Finance 39 (2013), pp. 1004-1031

Purpose – The purpose of this paper is to provide evidence in support of incentive and retention-based explanations for backdating. Design/methodology/approach – The authors use matching-firm techniques and the bivariate logistic model. Findings – Backdating firms tend to be younger and...

Persistent link: https://www.econbiz.de/10010814894

Is value chain financing a solution to the problems and challenges of access to finance of small-scale farmers in Rwanda?

Kopparthi, Murty S.; Kagabo, Nkubito - In: Managerial Finance 38 (2012) October, pp. 993-1004

finance of small-scale farmers in Rwanda. The authors propose two models of access to finance and their correlation with … required deep analysis on some of the samples. Practical implications – The paper includes implications of access to finance in … financial institution and farmers. Value chain finance has improved the productivity and profits of farmers as well as the …

Persistent link: https://www.econbiz.de/10010814914

Does quantity reflect quality? Financial disclosure size and future performance

Jensen, Marlin R.H.; Marshall, Beverly B.; Pugh, William N. - In: Managerial Finance 32 (2006), pp. 39-50

Purpose – This study seeks to investigate whether a firm's financial disclosure size can help investors predict performance. Design/methodolgy/approach - Controlling for size and industry, the relationship between financial disclosure size and subsequent stock performance for all Standard and...

Persistent link: https://www.econbiz.de/10010741365