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This study aggregates prior research on the speed of adjustment (SOA) towards target capital structure, which is characterized by its heterogeneous findings. Therefore, the statistical procedures of meta-regression analysis are applied for the first time in this line of research. Summarizing...
Persistent link: https://www.econbiz.de/10012912163
We examine the drivers of heterogeneity among the determinants of corporate hedging by applying meta-regression analysis on a sample of 175 primary studies. Taken all previous findings together, hedgers are large, profitable and geographically diversified firms with high capital expenditures and...
Persistent link: https://www.econbiz.de/10012899539
This study applies meta-regression analysis to aggregate a sample of 1,126 empirical estimates of the stock market reaction to soccer matches collected from 37 primary studies. Our results indicate that winning a match is not associated with significant return effects for both national teams and...
Persistent link: https://www.econbiz.de/10012935946
This study is a quantitative review of the empirical literature analyzing firm value effects of corporate financial hedging. Using meta-regression analysis to accumulate a hand-collected data set of 1016 estimates for the hedging premium reported in 71 previous studies, we find that reported...
Persistent link: https://www.econbiz.de/10012851756
Research on the relationship between corporate environmental performance (CEP) and financial performance (CFP) continuously receives high attention in both general media and academic publications. One central issue concerns the causal effects between the two constructs. Since existing primary...
Persistent link: https://www.econbiz.de/10012851876
Although the existing body of empirical literature on the relation between corporate environmental performance (CEP) and corporate financial performance (CFP) is continuously growing, results are still inconclusive about this fundamental question in industrial ecology. Comparisons are difficult...
Persistent link: https://www.econbiz.de/10012854896
This paper employs meta-analysis to aggregate and systematically analyze the mixed empirical evidence on the determinants of corporate hedging reported in 132 previously published studies covering data from more than 73,000 firms. Among the fourteen proxy variables analyzed by multivariate...
Persistent link: https://www.econbiz.de/10012933765
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