Moreover, we find that there is no positive impact on target firms' profitability in the case of both within-group in …-in acquisitions, parent firms may be trying to quickly restructure acquired firms even at the cost of deteriorating profitability … acquisition target based on its productivity level, profitability and other characteristics and whether the performance of …

bank franchise value or profitability. In this paper we argue that banks' market-to-book ratio is the sum of two components …

strongly predicts higher, more persistent, and less volatile profitability; and higher abnormal stock returns--findings that … uncertainty, lower investor attention, and greater sensitivity of future profitability to InnOrig. This evidence suggests that …

have high industry-level dispersion of profitability have on average higher market-to-book ratios than firms in low … dispersion industries. This positive relation between market-to-book ratios and industry profitability dispersion is economically …

aggregate ownership transfers improve profitability, though not in cases where the transfers themselves were corrupted …

bank in Indonesia. In our main treatment, clients receive a text message stating that "non-repayment of debts by someone …

leverage as well as a lowering of future returns for firms in less competitive environments. Current leverage will therefore be … competitive industries, the negative relation between past returns and current leverage will be attenuated. Theory suggests that … the relation between current leverage and future returns for such firms will be zero or negative. Using a proxy to …

I develop a dynamic model of leverage with tax deductible interest and an endogenous cost of default. The interest rate … conventional interpretation, but consistent with empirical findings, increases in current or future profitability reduce the … optimal leverage ratio when the tradeoff theory holds …