International Journal of Managerial Finance: Volume 18 Issue 2

The effect of independent directors' financial expertise on the use of private information in setting bank CEO bonuses

Guoping Liu, Jerry Sun

The purpose of this study is to examine whether independent directors' financial expertise affects the use of private information in setting bank chief executive officer (CEO…

Bank-appointed directors and idiosyncratic volatility: evidence from India

Nemiraja Jadiyappa, Anto Joseph, Garima Sisodia

The purpose of this paper is to empirically examine the impact of the bank-appointed directors on the agency costs of debt by using the idiosyncratic risk of stock returns as a…

Capital structure and earnings quality in microfinance institutions

Naima Lassoued

The purpose of this paper is to examine whether capital structure matters for earnings management of microfinance institutions.

The stability of dividends and its predictability: a cross-country analysis

Rajesh Pathak, Ranjan Das Gupta

The authors examine the stability of dividend payout and the consistency in its predictability using sample of firms from 18 different countries amid their prevailing…

Board performance and its relation to dividend payout: evidence from Malaysia

Ravichandran Subramaniam, Mahenthiran Sakthi

To examine the board of directors’ performance and if higher performance helps protect minority shareholders in an emerging capital market. Additionally, we determine if the…

The firm growth-cash flow sensitivity: do financial constraints matter?

Abdul Rashid, Mahir Ahmed Hersi

The paper examines the differential effect of liquidity constraints on corporate growth using unbalanced panel data for 457 Pakistani firms over the period 2010–2017.

Confidentiality in loan credit agreements

Ca Nguyen, Alejandro Pacheco

This study has two primary objectives. First, it analyzes the information content of confidentiality strictness in corporate loan credit agreements. Second, it examines how…

Innovation intensity of military-connected firms

Iman Harymawan, Fajar Kristanto Gautama Putra, Amalia Rizki, Mohammad Nasih

The study aims to examine the military-connected firms' risk preference, specifically in the innovation intensity level context. The authors argue that firms with…

Corporate risk-taking with long-term, short-term and subordinate credit ratings

Dror Parnes

This study empirically examines, from the first quarter of 1981 until the fourth quarter of 2017, the relations across customary domestic issuer credit ratings (long-term…