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Extended dividend, cash flow and residual income valuation models : accounting for deviations from ideal conditions

Heinrichs, Nicolas; Hess, Dieter; Homburg, Carsten; … - 2011 - This version: May 25, 2011

Standard equity valuation approaches (i.e., DDM, RIM, and DCF model) are derived under the assumption of ideal conditions, such as infinite payoffs and clean surplus accounting. Because these conditions are hardly ever met, we extend the standard approaches, based on the fundamental principle of...

Persistent link: https://www.econbiz.de/10009270446

Management Risk Incentives and the Readability of Corporate Disclosures

Chakrabarty, Bidisha - 2018

Managers with higher risk incentives (greater options vega) issue less readable disclosures. Those in the top-quartile of vega file annual reports that are about 15.4% more voluminous than the filings of bottom-quartile-vega managers. The effect of vega on obfuscation remains after controlling...

Persistent link: https://www.econbiz.de/10012938100

Managing Financial Risk by Using Derivatives : A Study of United Arab Emirate Listed Companies

Said, Ali - 2017

The present paper attempts to identify the ways that the United Arab Emirate listed companies manage their financial risk with the use of derivatives. By examining the companies' annual reports and financial reviews for the year 2015. The studied revealed that low use of the financial...

Persistent link: https://www.econbiz.de/10012951436

Managing Financial Risk by Using Derivatives : A Study of United Arab Emirate Listed Companies

Said, Ali - 2017

Persistent link: https://www.econbiz.de/10012951444

A View Inside Corporate Risk Management

Bodnar, Gordon M. - 2016

Why do firms manage risk? According to theory, firms hedge to mitigate credit rationing, to alleviate information asymmetry, and to reduce the risk of financial distress. Empirical support for these theories is mixed. Our paper addresses the “why” by directly questioning the managers that...

Persistent link: https://www.econbiz.de/10013006433

The Effects of Board Gender Diversity on a Firm's Risk Strategies

Chen, Linda H. - 2018

association between BGD and firms' reputation risk and financial risk. Using S&P data from 1997 to 2013, we find that BGD is … reputation risks associated with aggressive tax strategies. However, we find that BGD is positively associated with firms …' preferences by reducing reputation risk exposure while enabling necessary financial risk exposure …

Persistent link: https://www.econbiz.de/10012934724

Managing reputational risk : insights from an European survey

Gaudenzi, Barbara; Confente, Ilenia; Christopher, Martin - In: Corporate reputation review : an international journal 18 (2015) 4, pp. 248-260

Persistent link: https://www.econbiz.de/10011473366

Does reputation matter for firm risk in developing country?

Rayenda Brahmana; You, Hui-Wei; Evan Lau - In: International journal of finance & economics : IJFE 27 (2022) 2, pp. 2110-2123

Persistent link: https://www.econbiz.de/10013184686

Firms, activist attacks, and the forward-looking management of reputational risks

Amer, Estefania; Bonardi, Jean-Philippe - In: Strategic Organization 21 (2023) 4, pp. 772-796

Persistent link: https://www.econbiz.de/10014436158

A critique of the literature on the US financial debt crisis

Stein, Jerome L. - 2010

A healthy financial system encourages the efficient allocation of capital and risk. The collapse of the house price bubble led to the financial crisis that started in 2007. There is a large empirical literature concerning the relation between asset price bubbles and financial crises. I evaluate...

Persistent link: https://www.econbiz.de/10003936616