Managerial Finance: Volume 45 Issue 8

Cross-impact of leverage and firm performance: developed vs frontier bank-based economies

Sibanjan Mishra, Ranjan Dasgupta

The purpose of this paper is to investigate the cross-impact of leverage and performance for firms operating in the developed and frontier bank-based economies.

Whom you borrow from matters: universal banks and firm innovation

Haizhi Wang, Desheng Yin, Xiaotian Tina Zhang, Xinting Zhen

The purpose of this paper is to empirically investigate universal banks as an important source of external funding and their effects on borrowing firms’ innovation outputs.

International risk spillover in sovereign credit markets: an empirical analysis

Saker Sabkha, Christian de Peretti, Dorra Mezzez Hmaied

The purpose of this paper is to study the volatility spillover among 33 worldwide sovereign Credit Default Swap (CDS) markets and their underlying bond markets.

Impact of ownership structure and dividend on firm performance and firm risk

Abhinav Kumar Rajverma, Arun Kumar Misra, Sabyasachi Mohapatra, Abhijeet Chandra

The purpose of this paper is to examine the influence of ownership structure and dividend payouts over firm’s profitability, valuation and idiosyncratic risk. The authors further…

The impact of post-trade transparency on price efficiency and price discovery: Evidence from the Taiwan Stock Exchange

Chiou-Fa Lin, Cheng-Huei Chiao, Bin Wang

The purpose of this paper is to examine the impact of post-trade transparency on price efficiency and price discovery.

Optimal risk-taking in corporate defined benefit plans under risk-shifting

Tomoki Kitamura, Kozo Omori

The purpose of this paper is to theoretically examine the risk-taking decision of corporate defined benefits (DB) plans. The equity holders’ investment problem that is represented…

The effect of managerial horizon on cash holdings

Sanjib Guha, Niazur Rahim

US corporations are now sitting on an enormous stockpile of cash. Instead of investing their resources and creating jobs, the firms are holding on to excess cash. Academicians and…

Corporate social responsibility and financial stability: evidence from the Troubled Asset Relief Program

Elizabeth Cooper, Christopher Henderson, Andrew Kish

The purpose of this paper is to test the impact of corporate social responsibility (CSR) in the banking industry using Troubled Asset Relief Program (TARP) as an experimental…

Accruals quality, financial constraints, and corporate cash holdings

Hatem Mansali, Imen Derouiche, Karima Jemai

The purpose of this paper is to examine how information asymmetry driven by earnings quality affects corporate cash holdings. It also investigates the role that financial…

Does founding family involvement affect share repurchase activity? Evidence from US firms from 2006 through 2015

Shane Anthony Van Dalsem

The purpose of this paper is to investigate whether family firms (FFs) differ from non-family firms (NFFs) in their propensity and likelihood of repurchasing shares. It focuses on…