Purpose – This paper develops a discussion looking at the Firm financial performance of both pre and post GFC.Design/methodology/approach – This study entails Australia, The United States of America and The United Kingdom. The data collected is from public listed corporations from 2000-2012...

Purpose – This paper develops a discussion leading on from a paper relating the influence of capital markets combined with board structure/composition/committees and remuneration and corporate governance on the financial performance of a public listed corporation.Design/methodology/approach...

We study herded stock repurchase using complete repurchase records from Chinese stock markets from 2005 to 2021. The data suggests that only repurchase decisions aiming to boost the stock price, among other purposes, significantly increase peer firms' tendency to follow. Such herding behavior...

We take a simple q-theory model and ask how well it can explain external financing anomalies, both qualitatively and quantitatively. Our central insight is that optimal investment is an important driving force of these anomalies. The model simultaneously reproduces procyclical equity issuance...

This paper investigates investment behavior across public and privately held firms using a novel firm-level dataset. We use coarsened exact matching to construct a control group of firms with which we compare listed firms before and after listing in a difference-in-differences framework. The...

This paper examines the impact of the financial crisis on the value of corporate diversification in a civil law country such as Spain. The financial crisis offers a natural research experiment to test the effect of a credit-constrained environment on benefits and costs emerging from internal...

Using asset prices I estimate the marginal value of capital in a dynamic stochastic economy under general assumptions about technology and preferences. The state-space measure of marginal q relies on the joint measurability of the value function, i.e. firm market value, and its underlying firm...

We investigate 589 production suspension announcements during from 2000 to 2015 in Korea to identify determinants of production suspension, event, operating and financial characteristics. We find that restructuring announcements have negative impact on stock returns while other reasons such as...

In this paper, we study a new channel to explain firms' price setting behavior. We propose that uncertainty about factor prices has a positive effect on markups. We show theoretically that firms with higher shares of inputs with volatile prices set higher markups. We use the Bartik shift-share...