Purpose: The purpose of this paper is to examine the relationship between state ownership and firm profitability in developing countries by considering the endogenous nature of state ownership and firm profitability. Design/methodology/approach: A simultaneous equation analysis is applied to...

Purpose: The purpose of this paper is to examine whether capital structure matters for earnings management of microfinance institutions. Design/methodology/approach: The empirical study is conducted using a sample of 575 MFIs over 2007 to 2015, we determined in the first step the discretionary...

In this study, we examine how corporate governance affects portfolio management. Investors are expected to opt for a judicious trade-off between risk and return. Such an objective can be achieved through the contribution of corporate governance which is assumed to align manager and shareholders...