Managerial Finance: Volume 47 Issue 9

IPO underpricing and long-term performance in China: the perspective of price limit policy

Yuxin Wang, Guanying Wang

The purpose of this paper is to explore how the price limit policy implemented in 2014 affects initial public offering (IPO) underpricing and long-term performance in China.

CEO vs. COO: shareholder perceptions of M&A announcements based on insider trades

Vinh Huy Nguyen, Carolina Gomez, Suchi Mishra, Ali M. Parhizgari

We examine how the net share purchases of top executives of acquiring firms, specifically the Chief Executive Officer (CEO) and the Chief Operating Officer (COO), can impact…

Employee stock ownership and value creation: evidence from system GMM estimates

Riadh Garfatta, Imen Zorgati

This paper attempts to examine the nature of the relationship between employee stock ownership (ESO) and value creation in the context of shareholder governance.

Intangible assets and trade credit policy

Sarah Taylor Hartsema, Chris Harris, Zhe Li, Thibaut G. Morillon

The purpose of this paper is to identify whether the rise in intangible asset investment is related to trade credit investment and whether this relationship is driven by financial…

The influence of CEO political ideology on labor relations and firm value

Dongnyoung Kim, Inchoel Kim, Thomas M. Krueger, Omer Unsal

This article aims to examine the influence of chief executive officer (CEO) internal political beliefs on labor relations. Prior research has paid little attention to channels…

Multiple large shareholders and bank stability: the case of MENA banks

Rim Boussaada

This study aims to investigate how multiple large shareholders individually and interactively influence Middle East and North Africa (MENA) bank stability.

Does intellectual capital impact firms' capital structure? Exploring the role of firm risk and profitability

A. D'Amato

The purpose of this paper is to analyze the relationship between intellectual capital and firm capital structure by exploring whether firm profitability and risk are drivers of…

Capital structure, competitive intensity and firm performance: an analysis of Indian pharmaceutical companies

Neeti Mathur, Satish Chandra Tiwari, T. Sita Ramaiah, Himanshu Mathur

This research paper aims to explore the relationship of financial performance and capital structure of Indian pharma firms of BSE 500, the impact of research and development (R&D…