Managerial Finance: Volume 39 Issue 2

Market perception of firm strategy

Ozer Asdemir, Guy D. Fernando, Arindam Tripathy

Research has shown that firms successfully pursuing either a cost leadership or a differentiation strategy are better able to gain competitive advantages over other firms and…

The impact of corporate governance on working capital management efficiency of American manufacturing firms

Amarjit S. Gill, Nahum Biger

The purpose of this study is to investigate the impact of corporate governance on working capital management efficiency. This study also seeks to extend the findings of Gill and…

The impact of fair‐value‐accounting on the relevance of capital adequacy ratios: Evidence from Taiwan

Yi‐Ping Liao

This study aims to empirically investigate whether the adoption of fair‐value‐accounting decreases the relevance of banks' capital adequacy ratios (CARs) in explaining insolvency…

Financial distress, earnings management and market pricing of accruals during the global financial crisis

Ahsan Habib, Borhan Uddin Bhuiyan, Ainul Islam

The aim of this paper is to examine empirically the managerial earnings management practices of financially distressed firms, and to consider whether these practices changed…

Underpricing, board structure, and ownership: An empirical examination of Indonesian IPO firms

Salim Darmadi, Randy Gunawan

The purpose of this paper is to examine whether and how underpricing is associated with board structure and corporate ownership among firms conducting initial public offerings…