Managerial Finance: Volume 45 Issue 9

The information content of stock prices after bankruptcy: Does volatility affect the probability of successful emergence?

Hirofumi Nishi, S. Drew Peabody

The purpose of this paper is to investigate if the volatility of stock prices in the days surrounding the Chapter 11 bankruptcy process predicts a firm’s likelihood to…

Mean reversion in corporate leverage: evidence from India

Gaurav S. Chauhan, Pradip Banerjee

Recent papers on target capital structure show that debt ratio seems to vary widely in space and time, implying that the functional specifications of target debt ratios are of…

A review of the literature on dual-class firms

Ashrafee Tanvir Hossain, Lawrence Kryzanowski

The purpose of this paper is to critically review the relevant literature from the perspective of dual-class firms and to provide suggestions for future research on dual-class…

Does corporate governance affect dividend policy in India? Firm-level evidence from new indices

Debasis Pahi, Inder Sekhar Yadav

The purpose of this paper is to investigate the nexus between corporate governance and dividend policy of listed Indian firms.

Individual investors and the Monday effect

Bishal B.C., Weiwei Wang, Ayfer Gurun, William Cready

For this study, the authors document day-of-the-week trading patterns of individual investors using a unique data set of NYSE-listed firms and discuss their influence on the…

The transaction-relationship paradox: Effects of bank operational capabilities on bank performance throughout a shift from relationship lending to transaction

Niklas Arvidsson, Sara Jonsson, Lotta Karin Snickare

The purpose of this paper is to apply a capability perspective to investigate the shift from relationship lending to transaction lending in a bank’s corporate segment. The authors…

The relationship between debt and a firm’s performance: the impact of institutional factors

Rosa Forte, José Miguel Tavares

The purpose of this paper is to contribute to the existing literature on the relationship between debt and firms’ performance, by focusing on the influence of the institutional…

Who predicts dollar-rupee volatility better? A tale of two options markets

Aparna Prasad Bhat

The purpose of this paper is to examine whether volatility implied from dollar-rupee options is an unbiased and efficient predictor of ex post volatility, and to determine which…

Proximity to broad bond rating change and employee performance

Jose Miranda-Lopez, James Sander, Li Sun

The purpose of this paper is to investigate the employee performance of firms with a plus or minus specification in their bond credit ratings (i.e. firms near a broad bond rating…

Institutional investors’ investment preference and monitoring: evidence from Malaysia

Chwee Ming Tee

The purpose of this paper is to examine the investment preference of various types of institutional investors in Malaysia, and its influence on firm valuation, operating…