(WP 2012-01) Territorial Tax System Reform and Corporate Financial Policies [PDF]
, 2012 We examine the effect of a permanent change to a country income repatriation tax system on a set of corporate financial policies. In 2009 Japan and UK switched from a worldwide system to a territorial system for the taxation of earnings repatriated by ...
Arena, Matteo, Kutner, George
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Funding Costs and Liquidity Creation: Does ESG Play Any Role?
Business Strategy and the Environment, EarlyView.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
Financing constraints and firms’ cash policy in the euro area [PDF]
This paper investigates the financing conditions of non-financial corporations in the euro area. We develop a new firm classification based on micro data by distinguishing between three groups of firms: unconstrained, relatively and absolutely ...
Ferrando, Annalisa, Pál, Rozália
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ANALISIS PENGARUH CORPORATE GOVERNANCE, STRUKTUR KEPEMILIKAN, DAN CASH HOLDINGS TERHADAP NILAI PERUSAHAAN (Studi Kasus pada Perusahaan Manufaktur yang Listing di Bursa Efek Indonesia Tahun 2006-2009) [PDF]
, 2011 The purposes of this research is to analyze the influence of corporate governance (board size, board independence, and audit quality), ownership structure (mangerial ownership, foreign ownership, and family ownership), and also cash holdings to firm ...
ACHMAD, Tarmizi, PUTRI, Rizka Kharisma
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Takeover Vulnerability and the Discipline of ESG Overinvestment
Business Strategy and the Environment, EarlyView.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 Response of Firms' Leverage to Uncertainty: Evidence from UK Public versus Non-Public Firms [PDF]
, 2010 This paper empirically investigates the effects of uncertainty on firms' leverage. The analysis is carried out for a large panel of public and non-public UK manufacturing rms over 1999-2008.
Caglayan, M., Rashid, A.
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A Universal and Actionable Measure of Corporate Sustainability for Strategic Decision Making
Business Strategy and the Environment, EarlyView.ABSTRACT Managers require a universal, comparable, and decision‐useful measure of corporate sustainability that can reliably inform business strategy, yet such a tool remains absent in the literature and current practice. This paper introduces a comprehensive and operational metric—grounded in Goertz's Basic Framework for developing social science ...
Mariapia Pazienza +2 more
wiley +1 more source
The Deep-Pocket Effect of Internal Capital Markets [PDF]
We provide evidence suggesting that incumbents' access to group deep pockets has a negative impact on entry in product markets. Relying on a unique French data set on business groups, our paper presents three major findings.
Chiara Fumagalli +4 more
core +3 more sources
INVESTIGATING CASH FLOW VOLATILITY AND CASH HOLDINGS ACROSS ACCOUNTING REGIMES
Akuntansi DewantaraThis research investigates the relationship between cash flow volatility and corporate cash holdings across different accounting regimes. Utilizing a qualitative approach and theoretical models based on information asymmetry, the study explores ...
Putu Putri Prawitasari
doaj +1 more source
Annual Survey of Public Pensions: State- and Locally- Administered Defined Benefit Data Summary Report: 2013 [PDF]
, 2015 [Excerpt] This publication presents data on state- and locally- administered public pension systems based on information collected from the 2013 Survey of Public Pensions: State- and Locally-Administered Defined Benefit Data.
Vidal, Phillip
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