Managerial Finance: Volume 45 Issue 7

Benchmark on themselves: CEO-directors’ influence on the CEO compensation

Bill Francis, Iftekhar Hasan, Yun Zhu

The purpose of this paper is to examine whether or not the chief executive officers’ (CEO) compensation is affected by the compensation of the outside directors sitting on their…

Is all that glitters gold? A look at Fortune magazine’s 100 Fastest-Growing Companies

Anthony Thomas Garcia, Anthony Loviscek, Kangzhen Xie

Does Fortune magazine’s list of the 100 Fastest-Growing Companies have information content; that is, is the list a source for market-beating performance? The paper aims to discuss…

Political connections, the cost of debt and board attributes: evidence from Malaysia

Chwee Ming Tee

The purpose of this paper is to examine whether the relationship between politically connected firms (PCFs) and the cost of debt is moderated by board attributes such as audit…

Interactive trilateral foreign exchange exposure: insights from scenario analysis

Thomas O’Brien

The purpose of this paper is to present scenarios of interactive trilateral foreign exchange (FX) exposure, where a company’s exposures to two foreign currencies depend on those…

Efficient working capital management, bond quality rating, and debt refinancing risk

Amarjit Gill, Afshin Amiraslany, John Obradovich, Neil Mathur

The purpose of this paper is to investigate the impact of efficient working capital management (WCM) on a firm’s bond quality ratings (BQR) and debt refinancing risk (RFR).

Hedge fund stratagems and long-run SEO firm performance

Robert M. Hull, Sungkyu Kwak, Rosemary Walker

The purpose of this paper is to explore if hedge fund variables (HFVs) are associated with long-run compounded raw returns (CRRs) for seasoned equity offering (SEO) firms for a…

Global financial crisis after ten years: a review of the causes and regulatory reactions

Ashrafee Tanvir Hossain, Lawrence Kryzanowski

The purpose of this paper is to review the relevant literature on the causes of and regulatory reactions to the financial crisis of the last decade, popularly known as the “Global…

The effect of a golden parachute on managed earnings

Nacasius U. Ujah, Collins E. Okafor

The purpose of this paper is to investigate the influence of executive compensation on the propensity to manage earnings. In particular, the authors examine an executive…

How does capital market respond to Certified Emission Reductions (CERs) announcements in India: An event study methodology

Praveen Kumar, Mohammad Firoz

The purpose of this paper is to analyze the relationship between Certified Emission Reductions (CERs) information and a firm’s stock prices.

Currency returns during democratic transition: evidence from Tunisia

Ghadi Saad, Taoufik Bouraoui

The purpose of this paper is to investigate the question whether democratic transition elections influence currency returns. Also, the paper examines the behavior of the currency…