Managerial Finance: Volume 40 Issue 9

Aborted stock repurchases and earnings quality

Qian Sun, Kenneth Yung, Hamid Rahman

The purpose of this paper is to try to identify the motivation of firms that announce share repurchase but do not follow it up with the actual purchase. The authors conjecture…

Valuing “Raise Your Rate” certificates of deposit

Peter Brous, Bonnie G. Buchanan, Tony Orcutt

The “raise your rate” (RYR) certificate of deposit (CD) allows investors to raise the rate on their CD to the current market rate over the life of the CD. The purpose of this…

Doing good with or without being known? Media coverage of corporate social performance and its impact on corporate financial performance

Hsiang-Hsuan Chih, Hsiang-Lin Chih

The purpose of this paper is to examine the media coverage of corporate social performance (CSP), as well as the ultimate impact that such coverage has on the financial…

Do asset sales affect firm credit risk? – Evidence from credit rating assignments

Vinod Venkiteshwaran

Asset sales can have opposing effects on firm credit quality. On the one hand asset sales could signal increased credit risk resulting from distress or on the other hand they…

Offer price, target ownership structure and post-listing liquidity of newly listed firms

Tarek Miloud

Initial public offerings (IPOs) underpricing is a world-wide phenomenon in the stock market. It is generally explained with asymmetric information and risk. The purpose of this…