Showing 11 - 20 of 147
This study fills an important gap in the literature by providing causal evidence of the impact of relaxing financial constraints on corporate social responsibility (CSR). To isolate this causal link, we examine the enactment of anti-recharacterization laws in some U.S. states, an exogenous shock...
Persistent link: https://www.econbiz.de/10014492307
Purpose: The purpose of this research is to investigate factors that contribute to technology firms paying higher compensation than non-technology firms, and why the mix of compensation at technology firms is different than the compensation packages at non-technology firms....
Persistent link: https://www.econbiz.de/10012077645
Purpose: This paper aims to analyze the effects of internal and external governance mechanisms on the performance and risk taking of banks from the Euro zone before and after the 2008 financial crisis. Design/methodology/approach: To avoid macroeconomic problems and shocks and because of data...
Persistent link: https://www.econbiz.de/10012077653
The purpose of this study is to examine the impact of the choice of cut-off points, sampling procedures, and business cycles on the forecasting accuracy of bankruptcy prediction models. A misclassification can result in an erroneous prediction resulting in prohibitive costs to firms, investors,...
Persistent link: https://www.econbiz.de/10011151409
Purpose Forecasting the future movement of yield curves contains valuable information for both academic and practical issues such as bonding pricing, portfolio management, and government policies. The purpose of this paper is to develop a dynamic factor approach that can provide more precise and...
Persistent link: https://www.econbiz.de/10014941899
Persistent link: https://www.econbiz.de/10010146576
The paper empirically investigates the association between friendly boards and corporate financing policy. A friendly board can be defined as a board on which some directors are socially tied to the CEO. In the paper, we consider that a director is socially tied to the CEO when he belongs to the...
Persistent link: https://www.econbiz.de/10012967527
In this study, we investigate whether U.S. high-technology firms are more or less conditionally conservative relative to low-technology firms. If U.S. high-tech firms are required to expense immediately all R&D costs according to the accounting standard SFAS 2, which reflects unconditional...
Persistent link: https://www.econbiz.de/10013034401
The purpose of this study is to examine the impact of the choice of cut-off points, sampling procedures, and the business cycle on the accuracy of bankruptcy prediction models. Misclassification can result in erroneous predictions leading to prohibitive costs to firms, investors and the economy....
Persistent link: https://www.econbiz.de/10013088515
Taking advantage of the unique Canadian setting where two governance mechanisms coexist, this study empirically examines the impact of the presence of the board of directors, as an internal governance mechanism, on fees and performance of mutual funds. Furthermore, the impact of the board...
Persistent link: https://www.econbiz.de/10013088516