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Board characteristics and R&D investment : evidence from Taiwan’s electronics industry
Chen, Hsiang-lan - In: Advances in management & applied economics 2 (2012) 4, pp. 161-170
This study investigates the effects of board characteristics on R&D investment by utilizing a data set of electronics firms listed on the Taiwan Stock Exchange Corporations. The empirical results indicate that R&D investment is negatively associated with board size and positively associated with...
Persistent link: https://www.econbiz.de/10010097666
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Modified net present value as a useful tool for synergy valuation in business combinations
Orsag, Silvije; McClure, Kenneth G. - In: UTMS journal of economics / University of Tourism and … 4 (2013) 2, pp. 71-77
The subject of this paper is a modified net present value, and how it could be a useful tool for synergy valuation in the process of business combination. Every successful acquisition has to result in synergy in the post acquisition value. In the process of valuation each company has three...
Persistent link: https://www.econbiz.de/10010185800
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Price discovery and asymmetric volatility spillovers in Indian spot-futures gold markets
Srinivasan, P.; Ibrahim, P. - In: International journal of economic sciences and applied … 5 (2012) 3, pp. 65-80
This study attempts to examine the price discovery process and volatility spillovers in Gold futures and spot markets of National Commodity Derivatives Exchange (NCDEX) by employing Johansen’s Vector Error Correction Model (VECM) and the Bivariate ECM-EGARCH(1,1) model. The empirical result...
Persistent link: https://www.econbiz.de/10010097639
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Price leadership between spot and futures markets
Kumar, Kiran; Chaturvedula, Chakrapani - In: Journal of applied finance & banking 3 (2013) 1, pp. 93-107
This paper aims to study the relative information shares of spot and futures market at the individual stock level to measure the price discovery in spot and futures market in the Indian capital markets. We find that the spot and futures prices are co-integrated and mutually adjusting. Building...
Persistent link: https://www.econbiz.de/10010118433
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Volatility impact of stock index futures trading : a revised analysis
Matanovic, Eva; Wagner, Helmut - In: Journal of applied finance & banking 2 (2012) 5, pp. 113-126
The recent financial crisis renewed concerns about a possible destabilizing impact of derivatives trading. Despite a very active research, the question whether or not derivatives tend to destabilize financial markets has not yet been answered to satisfaction. This contribution aims to revise the...
Persistent link: https://www.econbiz.de/10010058694
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The role of venture capital and private equity for innovation and development of SMEs : evidence from Italian puzzle
Capizzi, Vincenzo; Giovannini, Renato; Pesic, Valerio - In: Journal of applied finance & banking 1 (2011) 3, pp. 189-239
likely to finance younger and smaller firms. We confirm the presence of the certification effect under new circumstances …
Persistent link: https://www.econbiz.de/10010009080
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A comparison study of the influences of internationalization on financing and dividend among the electronic industries of Taiwan and US
Lin, Feng-li; Hung, Jui-ying; Yang, Wen-goang - In: Journal of applied finance & banking 2 (2012) 1, pp. 151-169
This paper used the internationalized electronic industries in the US and Taiwan from 1999 to 2008 as the subjects to compare their debt ratio and the scale of cash dividend as the reference for financing strategies and decision. The evidence showed that the debt ratio and the cash dividend...
Persistent link: https://www.econbiz.de/10010009107
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Financing patterns, debt maturity and growth : evidence from East Asia and the GCC countries
Bahlous, Mejda; Rosylin Mohd. Yusof - In: Journal of applied finance & banking 2 (2012) 3, pp. 199-236
relationships between growth and (1) the availability of internal finance, and (2) the debt maturity of external financing using an … accelerator investment model extended to account for the extent to which companies use internal finance, long term debt and short … term debt to finance their acquisition of long term assets. A company is constrained not only because it cannot access …
Persistent link: https://www.econbiz.de/10010009127
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The influence of liquidity on profitability of Polish construction sector companies
Bolek, Monika; Wili´nski, Wojciech - In: E-Finanse : finansowy kwartalnik internetowy 8 (2012) 1, pp. 38-52
The concept of financial liquidity is not very straight, as it has various aspects, although generally it refers to the current assets and liabilities management. Financial liquidity together with profitability are the core categories of enterprise activities which, in order to function...
Persistent link: https://www.econbiz.de/10010009383
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Equity shares equating the results of FCFF and FCFE methods
Ceglowski, Bartlomiej; Podgórski, Bla´zej - In: E-Finanse : finansowy kwartalnik internetowy 8 (2012) 2, pp. 34-43
The aim of the article is to present the method of establishing equity shares in weight average cost of capital (WACC), in which the value of loan capital results from the fixed assumptions accepted in the financial plan (for example a schedule of loan repayment) and own equity is evaluated by...
Persistent link: https://www.econbiz.de/10010009391