Managerial Finance: Volume 50 Issue 12

Ownership structure, adjustment speed toward target leverage and CEO power

Thi Thuy Anh Vo, Thi Hong An Thai

This study aims to investigate the impact of ownership structure on firm adjustment speed toward the target leverage.

Does financial expertise influence Islamic bank risk-taking?

Umar Habibu Umar, Mamdouh Abdulaziz Saleh Al-Faryan, Ahmed Zakaria Zaki Osemy

This study investigated how the financial expertise of the board of directors, risk management committee (RMC), audit committee (AC) and Shariá Supervisory Board (SSB) influences…

The cost of debt around the IPO

David Suleiman

The purpose of this study is to provide empirical evidence on a possible economic explanation for changes in borrowing costs of US private firms that are going public.

Firms’ cost structure and stock return volatility

Haiwei Chen, Surendranath R. Jory, Tapas Mishra, Thanh Ngo

This paper proposes a framework to identify a pattern in the relationship between firms’ cost structure (i.e. fixed versus variable) and their volatility in stock returns.

Is Bowman’s paradox an empirical artifact? Evidence from Asian emerging countries

Asad Khan, Zia ur Rehman, Imtiaz Badshah, Muhammad Ibrahim Khan

This study aims to reconcile and address Bowman’s paradox empirical criticism from the lens of financial theory, corporate strategy and their econometric adversaries based on…

Index futures mispricing: a multi-regime approach to the NIFTY 50 Index futures

Kithsiri Samarakoon, Rudra P. Pradhan

This study investigates the mispricing dynamics of NIFTY 50 Index futures, drawing upon daily data spanning from January 2008 to July 2023.

Regarding the finance-investment nexus in sub-Saharan Africa: an issue of too little or too much finance?

Mohammed Gbanja Abdulai, Samuel Sekyi, William Gabriel Brafu-Insaidoo

This study investigates the finance-investment nexus in sub-Saharan Africa using data from 41 countries spanning the period from 2000 to 2022. The central question addressed is…

Why do Moroccan banks securitize?

Zakaria Salhi, Maryam Baroudi, Hicham Ouakil

This paper analyzes the ex-ante determinants of asset securitization in Moroccan banks, providing a detailed exploration of factors influencing securitization in the Moroccan…

Does litigation contingency disclosure in corporate filings matter? Evidence from securities class action lawsuits

Zhanel DeVides, Hyoseok (David) Hwang

We investigate the information content of legal contingency disclosures in corporate filings, specifically their usefulness in predicting settlement amounts and mitigation of…