Using public, private and subsidiary acquisitions, we examine whether abnormal returns to bidders depend on the organisational form of the target acquired. The evidence supports two main hypotheses: (i) bidders on private and subsidiary targets earn higher abnormal returns than bidders on public...

This study seeks to explore the relationship between financial development and economic growth in Malaysia over the period of 1980 to 2008 using the Kuala Lumpur Composite Index (KLCI) and the Index of Industrial Production (IIP). Focusing on long term relationship, this investigation is carried...

Purpose – The main aim of this paper is to report on a comprehensive survey of corporate financing decision-making process in Sri Lankan listed companies and to compare these results with those of similar studies conducted in developed markets. Design/methodology/approach – The study was...

In response to the China Securities Regulatory Commission's regulation of private equity placements (PEP) in 2006, this study investigates the impact of the announcements of PEP applications, withdrawals, rejections, approvals, and completions on the returns of the firms that issue private...

We provide new empirical evidence on the relationship among direct tax revenue and banking and non-banking activities in Malaysia's financial system, utilising monthly data for the period 1997–2008. The existence of the long run equilibrium relationship between tax revenue and the financial...

Purpose – The main aim of this paper is to report on a comprehensive survey of corporate financing decision‐making process in Sri Lankan listed companies and to compare these results with those of similar studies conducted in developed markets. Design/methodology/approach – The study was...