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Persistence and determinants of firm profit in emerging markets

Stephan, Andreas; Tsapin, Andriy - 2008

The paper studies the persistence of profit and its determinants in emerging markets. We apply Markov chain analysis … empirical results show a moderate level of profit persistence, as well as a relatively low speed of adjustment to the steady …-state profit level, thus providing no support for the hypothesis that there is a lower persistence of profits in emerging markets …

Persistent link: https://www.econbiz.de/10010271081

CSR and firm survival: Evidence from the climate and pandemic crises

Chemmanur, Thomas J.; Gounopoulos, Dimitrios; … - 2022

We analyse the relationship between the extent of a firm's corporate social responsibility (CSR) and its long-term survival probability. We conjecture that a better CSR rating is associated with a lower probability of corporate failure and a longer survival period. Consistent with this, we...

Persistent link: https://www.econbiz.de/10013254722

Estimating the risk of financial distress using a multi-layered governance criterion: Insights from Middle Eastern and North African banks

Gerged, Ali Meftah; Marie, Mohamed; Elbendary, Israa - In: Journal of Risk and Financial Management 15 (2022) 12, pp. 1-22

bank managers, regulators, and credit rating agencies, and suggests several future research avenues that can build on our …

Persistent link: https://www.econbiz.de/10014332744

Million dollar personality: a systematic literature review on personality in crowdfunding

Neuhaus, Julia; Isaak, Andrew; Bostandzic, Denefa - In: Management Review Quarterly 72 (2021) 2, pp. 309-345

Expressed personality traits can play a pivotal role in convincing investors in crowdfunding. Our study answers the research question: What is the current body of knowledge regarding the relationship between personality factors and crowdfunding success and where are knowledge gaps where the...

Persistent link: https://www.econbiz.de/10014501477

Earnings Management and Managerial Honesty: The Investors' Perspectives

Gibson, Rajna; Sohn, Matthias; Tanner, Carmen; Wagner, … - 2021

Extant research shows that CEO characteristics affect earnings management. This paper studies how investors infer a specific characteristic of CEOs, namely moral commitment to honesty, from earnings management and how this perception - in conjunction with their own social and moral preferences -...

Persistent link: https://www.econbiz.de/10012655961

Do investors experience heuristics in earnings forecasting?

Praditha, Riza; Haliah, Haliah; Habbe, Abdul Hamid; … - In: Verslas: Teorija ir praktika / Business: Theory and Practice 21 (2020) 2, pp. 686-694

This research aims to examine empirically the overreliance on representativeness heuristic and anchoring-adjustment influences experienced by investors in forecasting future earnings. This research was a laboratory experiment with a design of 2x2 full factorial between subject. The results...

Persistent link: https://www.econbiz.de/10012703635

Meta-analyses on Corporate Social Responsibility (CSR): a literature review

Velte, Patrick - In: Management Review Quarterly 72 (2021) 3, pp. 627-675

This paper addresses quantitative meta-analyses on corporate governance-related determinants and firms' (non) financial consequences of Corporate Social Responsibility (CSR). Legitimacy theory as our theoretical framework assumes that, through a social contract, a company must fulfil the...

Persistent link: https://www.econbiz.de/10014501909

Do fair value measurements affect accounting-based earnings quality? A literature review with a focus on corporate governance as moderator

Thesing, Johannes; Velte, Patrick - In: Journal of Business Economics 91 (2021) 7, pp. 965-1004

This structured literature review of 48 archival-based studies investigates the influence of fair value measurements on earnings quality and stresses the moderating impact of corporate governance. We focus on accounting-based earnings quality measures that have several advantages for...

Persistent link: https://www.econbiz.de/10014502015

Did fair-value accounting contribute to the financial crisis?

Laux, Christian; Leuz, Christian - 2009

The recent financial crisis has led to a major debate about fair-value accounting. Many critics have argued that fair-value accounting, often also called mark-to-market accounting, has significantly contributed to the financial crisis or, at least, exacerbated its severity. In this paper, we...

Persistent link: https://www.econbiz.de/10010303680

The crisis of fair value accounting: Making sense of the recent debate

Laux, Christian; Leuz, Christian - 2009

The recent financial crisis has led to a vigorous debate about the pros and cons of fair-value accounting (FVA). This debate presents a major challenge for FVA going forward and standard setters' push to extend FVA into other areas. In this article, we highlight four important issues as an...

Persistent link: https://www.econbiz.de/10010303740

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