The purpose of this paper is to show that different methodologies may lead to different implications about the validity of the pecking order theory. Using data from Greek firms as a starting-point, the paper first investigates whether they follow the financing pattern implied by the pecking...

This paper investigates the usage of hedging and risk management in energy market. Energy firms adopt risk management tools in order to secure their positions. New economic environment leads them to take decisions based on secured positions. Financial crisis 2008 caused many problems in world...

Estimates of terminal value of long-tern investment horizons are biased. Unbiased estimates exist only for investment horizon of one time-period. The purpose of our paper is to suggest a method based on the arithmetic mean in order to obtain unbiased estimates for the terminal value of long-tern...

This study utilizes quantile regressions to investigate the effect of the determinants of share repurchases on firms at different points of the share repurchases distribution. Empirical results from a large panel of NYSE repurchasing firms, document an asymmetric effect of several determinants...

This study examines the relationship between management accounting and integrated information systems by investigating the existing literature on the subject. The current research has been uncovered, classified and interpreted in order to provide an understandable illustration of the findings of...

This paper investigates the impact of a variety of corporate governance mechanisms on the performance of banks listed on the London Stock Exchange (LSE), by utilising data collected for 52 banking institutions for the period 2012 to 2017. Exhaustive results derived from multi-model applications...

Portfolio managers favor long-term investment horizons. Their performance is usually forecasted using either the arithmetic mean or the geometric mean. The harmonic mean is generally ignored as an instrument of financial and/or portfolio management. We examine the performance of the harmonic...

Purpose -The purpose of this paper is to add to the existing literature by examining a number of hypotheses relating to the capital structure decision in relation to the firms’ size, namely by distinguishing among micro, small and medium firms. Design/methodology/approach - The paper examines...

Purpose – We know that estimates of terminal value of long-term investment horizons are biased. Unbiased estimates exist only for investment horizon of one time-period. The purpose of this paper is to suggest a method based on the arithmetic mean in order to obtain unbiased estimates for the...