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Heterogeneity and sentiment in the stock market
Frijns, Bart; Gilbert, Aaron; Tourani-Rad, Alireza - In: International Journal of Behavioural Accounting and Finance 2 (2011) 2, pp. 140-151
markets, the USA and the UK, for a long period of time. Our empirical results show that: 1) there is a considerable degree of … degree of switching in the USA and the UK, giving some support to the hypothesis that common sentiment could drive the …
Persistent link: https://www.econbiz.de/10009360080
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Is the investment-cash flow sensitivity still useful to gauge financing constraints?
Chichti, Jamel E.; Mansour, Walid - In: International Journal of Economic Policy in Emerging … 3 (2010) 1, pp. 71-84
Most of the papers in corporate finance use the investment-cash flow sensitivity as a key metric to gauge financing constraints. However, it has been documented in the theoretical and empirical literature that this metric is not necessarily symptomatic of financing constraints. In this paper, we...
Persistent link: https://www.econbiz.de/10008755557
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Is Cash Negative Debt? A Hedging Perspective on Corporate Financial Policies
Acharya, Viral V; Almeida, Heitor; Campello, Murillo - C.E.P.R. Discussion Papers - 2005
We model the interplay between cash and debt policies in the presence of financial constraints. While saving cash allows constrained firms to hedge against future cash flow shortfalls, reducing current debt – ‘saving borrowing capacity’ – is a more effective way of securing investment in...
Persistent link: https://www.econbiz.de/10005124183
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Investment and financing constraints in China: Does working capital management make a difference?
Ding, Sai; Guariglia, Alessandra; Knight, John - In: Journal of Banking & Finance 37 (2013) 5, pp. 1490-1507
We use a panel of over 116,000 Chinese firms of different ownership types over the period 2000–2007 to analyze the linkages between investment in fixed and working capital and financing constraints. We find that those firms characterized by high working capital display high sensitivities of...
Persistent link: https://www.econbiz.de/10010741766
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A CROSS-CULTURAL STUDY ON RISK, UNCERTAINTY, AND INFORMATION
NARA, YUMIKO - In: New Mathematics and Natural Computation (NMNC) 06 (2010) 02, pp. 167-176
In this paper, the author aims to examine the differences in perception concerning the anxiety toward the risk among … three countries — Japan, the United States of America and China. The anxiety, in this case, is triggered by uncertainty …. This paper also intends to clarify the effect of information to improve people's risk management targeted on the …
Persistent link: https://www.econbiz.de/10008493715
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High-tech IPOs in the USA, UK and Europe after the dot-com bubble
Pilbeam, Keith; Nagle, Frank - In: International Journal of Financial Services Management 4 (2009) 1, pp. 64-75
the USA and Europe in the post-bubble era. We compare the results of the 2002?2005 post-bubble period with those of the …
Persistent link: https://www.econbiz.de/10005048907
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High-tech IPOs in the USA, UK and Europe after the dot-com bubble
Pilbeam, Keith; Nagle, Frank - In: International Journal of Financial Services Management 4 (2009) 1, pp. 64-75
the USA and Europe in the post-bubble era. We compare the results of the 2002–2005 post-bubble period with those of the …
Persistent link: https://www.econbiz.de/10008580419
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International management and risk assessment
Bednarz, Ludwik M. - In: International Journal of Global Energy Issues 34 (2010) 1/2/3/4, pp. 16-24
. International management is one of the strongest aspects of major US corporations, and risk management is their day-to-day concern …. It emphasises the importance of risk management and needs for the international management education. …
Persistent link: https://www.econbiz.de/10010670058
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The impact of global financial crisis on the dependence structure of equity markets and on risk management
Ghorbel, Ahmed; Trabelsi, Abdelwahed - In: International Journal of Managerial and Financial Accounting 5 (2013) 1, pp. 1-32
between US and each of six major stock markets and on risk management strategies. The model is implemented with an AR …
Persistent link: https://www.econbiz.de/10010816752
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Risk, genetically modified food and the US/EU divide
Toke, Dave - In: International Journal of Green Economics 1 (2007) 3/4, pp. 407-418
environmentalists since 1990 on a range of issues in the EU, compared to the USA. Beck's 'Risk Society' theory has general resonance … USA on environmental issues. These differences have been parallel to the apparently stronger influence of … with contemporary western attitudes to risk. However, it may be that the US regulatory framework may now be more …
Persistent link: https://www.econbiz.de/10010669771