International Journal of Managerial Finance: Volume 20 Issue 3

Sources of incentive and entrenchment effects in family firms: balancing self-dealings with operating efficiencies

Kinshuk Saurabh

The purpose of the study is to examine how operating efficiencies from incentive alignment compensate for rent extraction in family firms. The author asks whether ownership (1…

The impact of international money transfer cost transparency on remittance flows to emerging economies

Primrose Gurira

The purpose of this study is to explore the impact of cost transparency introduced by the Remittance Prices Worldwide (RPW) online transaction cost comparison tool on remittance…

Family involvement and corporate financialization: evidence from China

Lixia Wang, Yingqian Gu, Wanxin Liu

Under the background of continuous sluggishness of the real economy and expansion of asset sectors, the Chinese economy exists a trend of “from the real to the virtual.” Managing…

Managerial ability and climate change exposure

G.M. Wali Ullah, Isma Khan, Mohammad Abdullah

This study aims to investigate how a firm's management team's capacity to efficiently use its resources affects the firm's exposure to climate change. Specifically, the authors…

Institution quality and stock price crash risk: a global perspective

Cong Wang, Yifan Lu

This study aims to provide empirical evidence on the relationship between formal institutions and stock price crash risk from a global perspective.

Can a firm's hierarchical complexity affect its stock price behavior? Evidence from stock price crash risk

Hoàng Long Phan, Ralf Zurbruegg

This paper examines how a firm's hierarchical complexity, which is determined by the way it organizes its subsidiaries across the hierarchical levels, can impact its stock price…

Compensations, overconfidence and use of loan terms

Jan Voon, Yiu Chung Ma

This paper contributes to the literature as follows. First, it examines if option and stock compensations raise creditor's risk, and which one is more important than the other…

Military CEOs and firm dividends and cash holdings

Nam Hoang Le, Zhe Li, Megan Ramsey

The purpose of this study is to examine the relationships between chief executive officers (CEOs) with military service and firm dividend and cash holding decisions.

CEO overconfidence and tax avoidance: role of institutional and family ownership

Zahra Souguir, Naima Lassoued, Houssam Bouzgarrou

This study aims to investigate the effect of overconfident chief executive officers (CEOs) on corporate tax avoidance and whether this relationship is affected by institutional…

Do all CEO pay regulations hurt firm performance? Evidence from China

Xiaochuan Tong, Weijie Wang, Yaowu Liu

The authors study and compare the effects of three CEO compensation restricting policies issued by the Chinese government in 2009, 2012 and 2015. This paper aims to shed light on…

Currency change and capital structure decisions: evidence from the birth of the Euro area

Marco Botta

The paper investigates if the process that led to the birth of the Euro Area had a significant impact in homogenizing the capital structure decisions of European firms since the…