Managerial Finance: Volume 50 Issue 5

Financial literacy–a regulator of intended investment behaviour: analysing the hypothetical portfolio composition

Crystal Glenda Rodrigues, B.V. Gopalakrishna

The investment behaviour of individuals has been a major area of interest for several researchers and policymakers due to its great impact on the economy. This study aimed to…

A frontier-based parametric framework for exploring the competition–efficiency nexus in commercial banking: insights from an emerging economy

Bhavya Srivastava, Shveta Singh, Sonali Jain

The present study assesses the commercial bank profit efficiency and its relationship to banking sector competition in a rapidly growing emerging economy, India from 2009 to 2019…

Transaction-based lending and real earnings management

Stephen Gray, Arjan Premti

The purpose of this study is to examine how lenders alter their behavior when faced with real earnings management.

Activity of informed traders and stock returns

CheChun Hsu

Recent studies suggested the ratio of option to stock volume reflected the private information. Informed traders were drawn to the options market for its leverage effect and…

Response of anchor investors to pre-IPO earnings management: evidence from an emerging market

Sahil Narang, Rudra P. Pradhan

This study aims to examine the reaction of anchor investors (AIs) to pre-IPO earnings management (EM). The authors use the unique detailed bid data from the Indian anchor…

Financial market shocks and portfolio rebalancing

Steven D. Silver, Marko Raseta

The intention of the empirics is to contribute to the general understanding of investor responses to market price shocks. The authors review assumptions about investor behavior in…

The impact of co-opted executives on earnings management

Eric Valenzuela, Michael Zheng

The authors seek to analyze the impact of weak corporate governance by top executives of a firm on the firm's earnings reports. This research is meant to further emphasize the…

Corporate tax policy, Shariah compliance and financial decisions: evidence from Malaysia

Jayalakshmy Ramachandran, Joan Hidajat, Selma Izadi, Andrew Saw Tek Wei

This study investigates the influence of corporate income tax on two corporate financial decisions — dividend and capital structure policies, particularly for Shariah compliant…

Specifying and validating overconfidence bias among retail investors: a formative index

Parvathy S. Nair, Atul Shiva

The study explored various dimensions of overconfidence bias (OB) among retail investors in Indian financial markets. Further, these dimensions were validated through formative…