Showing 1 - 10 of 1,043
financing (debt and equity), tax aggressiveness behavior, earning management, compensation practices, agency cost of debt and …
Persistent link: https://www.econbiz.de/10013047910
Private equity owned firms have more leverage, more intense compensation contracts, and higher productivity than comparable firms. We develop a theory of buyouts in oligopolistic markets that explains these facts. Private equity firms are more aggressive in inducing restructuring compared to...
Persistent link: https://www.econbiz.de/10003914407
This research focuses on the ultimate impact of hedging effectiveness on firm performance. Successful risk management in firms should lead to a lesser occurrence of lower business outcomes than higher outcomes (e.g., positive skewness in quarterly earnings per share). We empirically estimate the...
Persistent link: https://www.econbiz.de/10012892411
Because heterogenous and unknown shareholder utility functions make it difficult to define a corporate objective common to all shareholders based on utility, the traditional theory of the firm concentrates on wealth maximization as the main measure of performance. Using the concept of ranked...
Persistent link: https://www.econbiz.de/10012992610
The purpose of this study is to examine the performance consequences of misalignment among business strategy, organizational configurations and management accounting systems. Based on a questionnaire surveys conducting in publicly held manufacturing companies listed in Indonesia Stock Exchange,...
Persistent link: https://www.econbiz.de/10012930710
The article formulates the information theory of firm, introduces the concept of firm as an operating system, which controls the firm’s operation by the means of the information resources processing, in an analogy with the operating system at a microprocessor in the computing devices,...
Persistent link: https://www.econbiz.de/10014036228
A strategically minded CFO will realize that strategic corporate risk management is about finding the right balance between risk prevention and proactive value generation. Efficient risk and performance management requires adequate assessment of risk and risk exposures on the one hand and...
Persistent link: https://www.econbiz.de/10010320401
A strategically minded CFO will realize that strategic corporate risk management is about finding the right balance between risk prevention and proactive value generation. Efficient risk and performance management requires adequate assessment of risk and risk exposures on the one hand and...
Persistent link: https://www.econbiz.de/10003976023
The current paper analyzes the impacts of privatization of Sudan air carrier, Sudan Airways. The hypothetical framework in this study is that alternative policies other than privatization are feasible. Sudan airways represents the sovereignty of the country carrying its flag, its objectives is...
Persistent link: https://www.econbiz.de/10013130174
The purpose of this paper is to find out if firms that operate with debt free balance sheet are rewarded more by the … investors at large. For this we form portfolios of debt free firms and compare their performance with performance of matching … used as performance proxies. Our results show that debt-free firms tend to outperform the leveraged counterparts both in …
Persistent link: https://www.econbiz.de/10013100347