Managerial Finance: Volume 40 Issue 7

The relative information content of cash flows and earnings affected by their extremity : UK evidence

Wael Mostafa

Many studies examine the relative information content of earnings and cash flows from operations. Most studies find that earnings have higher information content than cash flows…

“Time series momentum” in commodity markets

Julien Chevallier, Florian Ielpo

The purpose of this paper is to contain an empirical application of the concept of “time series momentum” – as developed by Moskowitz et al. (2012) – to commodity markets with…

Board structure: an empirical study of firms in Anglo-American governance environments

M.I. Muller-Kahle, Liu Wang, Jun Wu

With boards of directors playing both monitoring and guidance roles, the purpose of this paper is to examine the impact of board structure on firm value in large US and UK firms…

Modeling asset allocation and liability composition for Indian banks

P.K. Viswanathan, M. Ranganatham, G. Balasubramanian

Asset liability management is a multi-dimensional set of activities. Against this backdrop, the purpose of this paper is to build a goal programming model for optimally…

Access to bank loans while in bankruptcy: the role of single vs. multiple banking relations

Anand Jha, Siddharth Shankar, Leonard Arvi

The purpose of this paper is to use a unique hand-collected data set from India to investigate whether firms with multiple banking relationships that are in bankruptcy get…

Analytical redefinition of DOL and managerial investment decisions

Yoram Kroll, David Yechiam Aharon

The purpose of this paper is to develop alternative analytical measures for the degree of operating leverage (DOL) that reflect the impact of uncertain demand shocks in the…