International Journal of Managerial Finance: Volume 13 Issue 2

Research on capital structure determinants: a review and future directions

Satish Kumar, Sisira Colombage, Purnima Rao

The purpose of this paper is to study the status of studies on capital structure determinants in the past 40 years. This paper highlights the major gaps in the literature on…

Family ownership and free cash flow

Thitima Sitthipongpanich

The purpose of this paper is to investigate the effect of family ownership on investment-cash flow sensitivity and on firm performance.

Corporate financial policy and the value of cash under uncertainty

Atreya Chakraborty, Christopher F. Baum, Boyan Liu

The purpose of this paper is to provide evidence on how firm-specific and macroeconomic uncertainty affects shareholders’ valuation of a firm’s cash holdings. This extends…

Corporate governance structure and capital adequacy: implications to bank risk taking

Heba Abou-El-Sood

The purpose of this paper is to show the importance of policy discussions on the role of governance in limiting excessive risk-taking at times of turmoil.

Institutional investors, monitoring and corporate finance policies

W. Sean Cleary, Jun Wang

The purpose of this paper is to examine the influence of institutional investors’ investment horizons (IIIH) on a wide variety of key corporate policies.

The precision of asset beta estimates

Vance Lesseig, Janet D. Payne

The capital asset pricing model has fundamentally changed the way finance is taught and practiced since its development in 1964. However, one problem with the use of the model is…