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estimated profit efficiency. However, compared with cost inefficiency, revenue inefficiency affects more overall profitability …This paper presents new evidence regarding the relation between profit, revenue, and cost efficiencies of U ….S. commercial banks. Building on the widely used nonstandard profit function (NSPF) approach, we show (i) why estimation of NSPF …
Persistent link: https://www.econbiz.de/10013059150
We examine whether customer-base concentration has a differential impact on profitability for firms contracting with … major government customers versus firms contracting with major corporate customers. We document that firm profitability …
Persistent link: https://www.econbiz.de/10012902677
profitability toward maximizing shareholders' wealth. Little attention seems to have been paid so far to an inter-country comparison … of corporate profitability between firms in an advanced market and in an emerging market. Data from firms listed on the … determining the market-value and the book-value based profitability indices. As described, a majority of total explanatory …
Persistent link: https://www.econbiz.de/10012895616
In this paper I analyze the relationship between insider trading and corporate governance characteristics. Despite, the widely held view that insider trading significantly affects stock prices; little is known about what causes such market inefficiency and whether firm characteristics matters....
Persistent link: https://www.econbiz.de/10012968247
impact of income, asset, and funding diversifications on the cost and profit efficiency of the US commercial banks over the …) effect on profit efficiency. Our findings reveal that during the global financial crisis asset diversification is not … beneficial for the banks, whereas funding ‎diversification has a positive effect on cost and profit efficiency.‎ Our results …
Persistent link: https://www.econbiz.de/10013223117
This paper examines the influence of a firm’s business model on the relative persistence of profit margins in the U … persistence of profit margins will be influenced by firms’ choices of business model. Further, we hypothesize that this choice of … business model influences the relative persistence of the individual revenue and expense components of current profit margins …
Persistent link: https://www.econbiz.de/10014192219
Purpose As the influence of institutional investors over managerial decision-making grows, so does the importance of understanding the effect of institutional investor ownership (IO) on firm outcomes. The authors take a comprehensive approach to studying the effect of IO on earnings management...
Persistent link: https://www.econbiz.de/10014506782
Persistent link: https://www.econbiz.de/10011747114
Persistent link: https://www.econbiz.de/10010393722
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