International Journal of Managerial Finance: Volume 12 Issue 3

Fund managers’ herding and mutual fund governance

Lorenzo Casavecchia

The purpose of this paper is to identify the implications of managerial herding for investors’ wealth and capital allocation across funds, and the critical role played by fund…

Defined strategies for financial working capital management

Anna-Maria Talonpoika, Timo Kärri, Miia Pirttilä, Sari Monto

The purpose of this paper is to develop strategies for financial working capital management and to present previous literature on financial working capital management and its…

Working capital management: evidence from Norway

Hakim Lyngstadaas, Terje Berg

The purpose of this paper is to provide empirical evidence of whether working capital management (WCM) has an effect on the profitability of small- and medium-sized Norwegian…

Family ownership and dividend payout in Malaysia

Samuel Jebaraj Benjamin, Shaista Wasiuzzaman, Helen Mokhtarinia, Niloufar Rezaie Nejad

– The purpose of this paper is to investigate the effects of family ownership on dividend payout from the perspective of agency costs in Malaysia.

Testing the pecking order theory of deficit and surplus firms: Indian evidence

Vandana Bhama, Pramod Kumar Jain, Surendra Singh Yadav

– The purpose of this paper is to test whether Indian firms follow the pecking order theory under situations of deficiency as well as surplus.

The effect of underwriter’s market share, spread and management earnings forecasts bias and accuracy on underpricing of Malaysian IPOs

Mohammed Abdullah Ammer, Nurwati A. Ahmad-Zaluki

Underpricing is one of the most important anomalies associated with initial public offerings (IPOs). The purpose of this paper is twofold; first, it examines the impact of…