Agency theory predicts that leverage affects agency costs and thereby the firm's influence will be influenced. The goal of the paper is to examine the profitability-capital relationship for the US banks using an unbalanced panel over the period 1995-2007. In our model we used a combination of...

This paper seeks to examine the determinants of the performance of Latin American banks during the period 1995-2010. The sample of banks is representative of the Latin American region because it includes small and large economies with different levels of development in their financial markets...

The environmental, social, and governance (ESG) factors are used to evaluate nonfinancial performance of a firm. While some researchers state that ESG initiatives taken by a firm increase its value and performance by lowering costs and unsystematic risks, others consider it as a wastage of firm...

Using a sample of 595 firms listed in the capital markets of Argentina, Brazil, Chile, Colombia, Mexico, and Peru for the period of 2000–2015, we confirm prior literature by showing that when power distribution among several large shareholders (contestability) increases, firms’ financial...

En el presente trabajo estudiamos la influencia sobre la performance de las empresas cotizadas españolas entre 2007 y 2009 del número de consejos de administración a que pertenecen sus consejeros independientes. Nuestros resultados ponen de manifiesto una relación no lineal como consecuencia...

We analyze whether financial constraints of Brazilian firms are alleviated by ownership structure. More specifically, we study whether the presence of nonfinancial firms as shareholders of Brazilian firm mitigates financial constraints. We find that the presence of nonfinancial firms as...