The sustainability framework shifts the firm's management paradigm from simply maximising not only shareholders' wealth, to also considering the wider interests of shareholders as well as environmental and social developments. This study aims to examine whether sustainable development has a...

Eckbo et al. (2006) point out that Seasoned Equity Offering (SEO) companies need to concern for flotation costs, both of direct and indirect, when issuing newly shares. Previous literatures (i.e. Burton et al., 1999; Masulis and Shivakumar, 2002; Corwin, 2003; and Walker and Yost, 2007), considered mainly...

Business bankruptcy for a certain company is an absolute affirmation of its inability to endure current operations given its current debt obligations. If the bankruptcy was expected ahead of time, investors of the companies have the ability to secure their companies and could take action to...