Organizational Resilience to Exogenous Shocks: The Role of Environmental Performance
ABSTRACT This research examines the influence of environmental performance on organizational resilience during an exogenous shock. Drawing on the natural resource–based view, a sample of 3920 firms from 11 sectors and 19 countries is analyzed. This study employs OLS regressions and Cox proportional hazard models to test the effect of environmental ...
Tim Schroll
wiley +1 more source
Adjustment of the WACC with Subsidized Debt in the Presence of Corporate Taxes: the N-Period Case [PDF]
In the Weighted Average Cost of Capital (WACC) applied to the free cash flow (FCF), we assume that the cost of debt is the market, unsubsidized rate. With debt at the market rate and perfect capital markets, debt only creates value in the presence of ...
Ignacio Velez-Pareja +2 more
core
Current Trends and Future Research in Management Control for Sustainability in Retail
ABSTRACT The growing emphasis on sustainability in the retail sector, driven by regulatory frameworks, market trends and consumer demand, has placed management control at the forefront of facilitating sustainability practices. Despite increasing academic interest in this area, the literature is fragmented and provides limited sector‐specific insight ...
Miguel Gil, Mart Ots, Timur Uman
wiley +1 more source
Modelos de Valoración de Empresas Un análisis crítico
This paper will present evidence of the major trends in business valuation by the DCF (Discounted Cash Flow) method and summarize the effects on the FCF (Free Cash Flow). It considers the "working papers" of Professor Pablo Fernández PhD of IESE Business
Armendáriz-Lasso, Enrique
doaj
The Influence of ESG Controversies on Financing Costs for European Companies: Does Culture Matter?
ABSTRACT This study examines the relationship between environmental, social, and governance (ESG) controversies and corporate financing costs, focusing on the moderating effect of national culture. It analyzes European companies listed on the STOXX 600 Index from 2016 to 2023.
Souad Brinette +2 more
wiley +1 more source
Funding Costs and Liquidity Creation: Does ESG Play Any Role?
ABSTRACT This study examines how banks' funding costs affect liquidity creation and whether environmental, social, and governance (ESG) performance shapes this relationship. Using panel data for 136 U.S. commercial banks from 2005 to 2022, we show that higher funding costs are associated with lower liquidity creation, indicating that more expensive ...
Sattam Bin Kowibeen +2 more
wiley +1 more source
Faktor Internal yang Mempengaruhi Cash Holding pada Perusahaan yang Terdaftar di BEI
Tujuan riset ini adalah mengetahui faktor internal perushaan yang dapat berpengaruh pada cash holding perusahaan yang terdaftar di bursa efek indonesia.
Isnaeni Rokhayati +2 more
doaj +1 more source
Takeover Vulnerability and the Discipline of ESG Overinvestment
ABSTRACT While takeovers serve a disciplinary role by replacing inefficient managers, the threat of takeovers may compel firms to divert attention from Environmental, Social and Governance (ESG) efforts as a strategic response to external pressure, especially when such firms are already overinvesting in ESG.
Abongeh Tunyi +2 more
wiley +1 more source
The Impact of Financial Structure on Firms' Financial Constraints: A Cross-Country Analysis [PDF]
We estimate firms' cash flow sensitivity of cash to empirically test how the financial system's structure and activity level influence their financial constraints. For this purpose we merge Almeida, Campello and Weisbach (2004), a pathbreaking new design
Christopher F. Baum +2 more
core
Simulation discounted cash flow valuation for internet companies [PDF]
Discounted cash flow (DCF) is the most accepted approach for company valuation. It is well grounded in theory and practice. However, the DCF approach, which is commonly used for traditional companies valuation, presents a number of serious weaknesses ...
Ali, M +3 more
core

