Despite developments of recent theoretical and numerous empirical studies on the policies effectively adopted by companies, the dividend distribution policy (DDP) remains largely unexplained. In this regard, the main purpose of the current study is to empirically examine the effects of both CEO...

We propose a simple idea that corporate debt maturity should serve as a good indicator of future firm performance volatility. We show in a simple two-period model that the riskiness of corporate investment is a decreasing function of corporate debt maturity. If “observable” corporate debt...

This paper studies the informativeness of stock prices, after some companies have defaulted. We show that the average price of companies in the stock market exceeds the average value of surviving plus defaulted companies. This price-value wedge is narrower for company types with higher survival....

Though overall bank performance from July 2007 to December 2008 was the worst since at least the Great Depression, there is significant variation in the cross-section of stock returns of large banks across the world during that period. We use this variation to evaluate the importance of factors...

Although previous empirical evidence concludes that the firm performance is positively related to executive compensation, but sometimes reality indicates otherwise. Many companies providing a huge compensation package for their executives, in fact, have the company value tend to be normal or...

This paper wants to give a basic overview of arguments for and against of using the financial derivatives tools in the field of foreign exchange risk management. The case study shows, how the separate hedging instruments have impact on P & L statement. This paper discusses different relationship...

While the relationship between state ownership and firm performance has been widely researched, the empirical evidence has provided mixed results. This study applies panel data regression techniques to 10,639 firm-year observations of non-financial Chinese listed firms during 2003-2010 to...

This study investigates the relationship between capital structure and financial performance in South African firms, focusing on the potential non-linear, inverse U-shaped effect of leverage on profitability. Drawing on data from 1548 firm-year observations covering 183 publicly listed South...

We aim to evaluate the relationship between corporate governance (CG) and firm value (FV) of Vietnamese listed firms. In this study, the System Generalized Method of Moments (SysGMM) regression method is used to assess the association between CG and FV. By examining the sample of 510 companies...

This study examines young fast growing technology startup companies in Baltic region. Employing unique datasets of startups financial accounting data from Lithuania, Latvia and Estonia comparative and correlation analysis between growth, profitability and financial leverage indicators reflects...