CASH-FLOW VOLATILITY AND LEVERAGE OF NIGERIAN NON-FINANCIAL COMPANIES
This study examined the effect of VAT on the performance of SMEs in Nigeria, with a specific focus on profitability, cash flow, business growth, and compliance cost. The study was driven by the increasing concerns that VAT obligations may impose financial and operational burdens on SMEs, thereby affecting their sustainability and contribution to ...
Ajadi, Kamaldeen S. (Ph.D.) +3 more
openaire +1 more source
Global Oil and Gas Stocks: Anomalies, Systematic Risks and Mispricing
ABSTRACT We analyse anomaly and factor risk premia in the global oil and gas (OG) sector, which plays a central role in the global economy through its importance for energy supply, industrial production, and capital markets. Using firm‐level and portfolio data, we examine whether cross‐sectional return patterns reflect systematic risk compensation or ...
Nader Virk +3 more
wiley +1 more source
A dual-stochastic real options model for sports tourism investment: A case study in China. [PDF]
Liu T, Cheng J, Huang Y.
europepmc +1 more source
When Politics Meets Money: Geopolitical Risk and Money Demand in the US and Euro Area
ABSTRACT This paper investigates the impact of geopolitical risk on real money demand in the United States and the Euro Area using Divisia monetary aggregates. To account for the potential instability of money demand and the complex nature of geopolitical shocks, we employ a comprehensive empirical framework combining linear and non‐linear ...
Anirban Sengupta +2 more
wiley +1 more source
The Potential of CO<sub>2</sub> Hydrogenation to Produce e‑Fuels: Thermodynamic and Techno-economic Analysis. [PDF]
Amorim IL, Faria AC, Rocha C.
europepmc +1 more source
The Impact of Monetary Policy Shocks on Stock Price Crash Risk
ABSTRACT This study examines the impact of monetary policy shocks (MPS) on future stock price crash risk (SPCR), using a sample of US firms from 1995 to 2019. We find that expansionary MPS significantly reduce the likelihood of SPCR, while contractionary MPS show no statistically significant effect on SPCR. These results remain robust after controlling
Shunshun Xu, Haifeng Guo, Yeqin Zeng
wiley +1 more source
The impact of patent activity on idiosyncratic volatility in U.S. pharmaceutical companies. [PDF]
Atilgan E +4 more
europepmc +1 more source
CEO Compensation and ESG Performance: The Influence of Financial Outcomes and CEO Power
ABSTRACT This study reviews literature at the intersection of CEO compensation and ESG goals. Combining an integrated bibliometric and structured literature review with an empirical analysis of US publicly listed companies from 2013 to 2023, the paper identifies a central governance tension where ESG performance is increasingly considered in CEO ...
Giulia Fantini +2 more
wiley +1 more source
A multi-agent large language model framework for intelligent vendor evaluation and risk-aware procurement decisions. [PDF]
Joshi A, Singh M, Parashar D, Singh M.
europepmc +1 more source
Industry Signals and the Dynamics of Stock Market Predictability
ABSTRACT We investigate whether industry portfolios contain information that forecasts aggregate stock market returns. Earlier research reports evidence of their usefulness as predictors, yet later studies find weaker and unstable effects. Using updated U.S.
Michael Ellington +2 more
wiley +1 more source

