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This paper presents the extensive literature survey based both on theoretical rationales for hedging as well as the empirical evidence that support the implications of the theory regarding the arguments for the corporate risk management relevance and its influence on the company's value. The...
Persistent link: https://www.econbiz.de/10009958023
This paper examines the reaction of the Athens Stock Exchange (ASE) to dividend announcements by a sample of firms listed at the FTSE/ATHEX 20 and FTSE/ATHEX Mid 40 for a fixed period 2004-2008. It also provides analytical information about the Greek Stock Market and the regulations underlying...
Persistent link: https://www.econbiz.de/10009958058
This paper analyses financial performance of companies considered as highly socially responsible. For this purpose …
Persistent link: https://www.econbiz.de/10009958319
and its influence on business performance. To achieve this objective, a field study has been done with 440 telephone calls … to Basque Country companies' financial managers. Then, their responses and theirs firm's performance are analysed. The … ability to generate income. -- intangibles ; financial valuation of intangibles ; managers' opinion ; business performance …
Persistent link: https://www.econbiz.de/10009958321
and customers. Transparency and open dialogue about performance, priorities and future plans for sustainability are …
Persistent link: https://www.econbiz.de/10009958358
This article characterizes the properties of the compensation scheme of delegated portfolio management that would lead to the selection of high risk-high return portfolios. In particular, it provides conditions under which a non-monotone payment structure emerges as an optimal contract, which...
Persistent link: https://www.econbiz.de/10009959108
The aim of this paper is to analyze standards of good practice relating to operational risk management. Huge losses incurred by renowned companies (e.g. Barings Bank, Enron) as well as local authorities (e.g. Orange County) as a result of errors in operational risk management caused growing...
Persistent link: https://www.econbiz.de/10009959709
The aim of an enterprise is to increase its value. This growth can be achieved if initiated socially responsible activities improve the value drivers. The company's specificity, type of its environment and their mutual reactions create conditions conducive to improvement of the driving forces of...
Persistent link: https://www.econbiz.de/10009959722
Persistent link: https://www.econbiz.de/10009885063
Numerous studies have discussed that even if fundamental for innovation and economic growth, SMEs are often financially more constrained than large firms. Therefore, venture capitalists are often the only available sources of financing to small and young companies. Through the analysis of a...
Persistent link: https://www.econbiz.de/10010009080