Results 141 to 150 of about 108,267 (306)

How Do Carbon Emissions Affect the Performance of Listed Latin American Firms? The Moderating Effect of Financial Slack

Business Strategy and the Environment, EarlyView.
ABSTRACT This study analyses the association between carbon emissions and financial performance in Latin American firms. The scientific literature on this topic is limited, with little evidence available in this geographical region. This study aims to address this research gap by testing hypotheses focused on analysing how Scope 1, 2 and 3 carbon ...
Ana Isabel Mendieta‐Callirgos, Maria Carmen Pérez‐López, Ismael Muñoz‐Pérez, Germán López‐Pérez   +3 more
wiley   +1 more source

Do Firms in Countries with Poor Protection of Investor Rights Hold More Cash? [PDF]

Managers make different decisions in countries with poor protection of investor rights and poor financial development. One possible explanation is that shareholder-wealth maximizing managers face different tradeoffs in such countries (the tradeoff theory)
Lee Pinkowitz, Rene M. Stulz, Rohan Williamson   +2 more
core  

Corporate governance, moral hazard and conflict of interest in Italian universal banking, 1914-1933 [PDF]

, 2003
Universal banking is widely held to enjoy comparative advantages in corporate finance. Recent theories of financial intermediation argue that 'insider systems' are better suited to effectively deal with long-term growth and moral hazard problems. However,
Battilossi, Stefano
core   +2 more sources

Beyond the ESG Facade: Measuring and Addressing Corporate ‘Lip Service’

Business Strategy and the Environment, EarlyView.
ABSTRACT Amid growing global attention to environmental, social and governance (ESG), this study examines the misalignment between ESG disclosures and actual practices—termed ‘lip service’—using data from Chinese firms from 2006 to 2022, constructing an index to quantify it.
Jia Xu, Mingwei Liu, Helen X. H. Bao
wiley   +1 more source

Scientific mapping of 20 years of literature on corporate cash holdings and risk

Journal of Economics and Management
Aim/purpose – This study aims to synthesize the extant literature and illustrate the thematic evolution and intellectual structure of research on corporate cash holdings (particularly precautionary cash holdings) and risk, through a scientific mapping of
Błach Joanna, Florio Cristina, Wieczorek-Kosmala Monika, Corbella Silvano   +3 more
doaj   +1 more source

Can Carbon Strategy Enhance Corporate Productivity? Evidence From Carbon Risk and Opportunity Management

Business Strategy and the Environment, EarlyView.
ABSTRACT Whether corporate carbon management can enhance productive efficiency is central to firms' long‐term competitiveness and determines whether carbon reduction efforts can be sustained beyond regulatory compliance. This study examines how corporate carbon risk and opportunity management affects firm productivity (measured by total factor ...
Nan Huang, Hanlu Fan, Ruoxin Zhu
wiley   +1 more source

Large Shareholder Diversification and Corporate Cash Holding

European Financial Management
ABSTRACT Using data for almost 360,000 European firms covered in Orbis Historical, I reconstruct the portfolios of shareholders who hold equity stakes in private and publicly traded firms between 2007 and 2020. I document a novel link between large shareholders' diversification and firms' cash holdings.
openaire   +2 more sources

The Determinants and Implications of Financial Asset Holdings of Non-Financial Firms in Turkey : An Emprical Investigation [PDF]

This paper investigates the determinants and financial crowding out consequences of nonfinancial firms’ holdings of financial assets (FA) including government bonds and securities (GS) in Turkey using the firm level data compiled by the Central Bank of ...
Cafer Kaplan, Cihan Yalcin, Erdal Ozmen
core  

The Perils of Environmental, Social, and Governance (ESG) Controversies: Implications for a Firm's Financial and Nonfinancial Performance

Business Strategy and the Environment, EarlyView.
ABSTRACT Although ESG controversies are on the rise, research investigating them yields contradictory findings. The paper provides resolutions to the debate through investigating (a) how ESG controversies influence firms' short‐term and long‐term financial performance; (b) how firms navigate ESG controversies' effect; and (c) how ESG controversies ...
Amalesh Sharma, Sourav Bikash Borah, Anirban Adhikary, Sanjay Kumar Jena   +3 more
wiley   +1 more source

Corporate Governance and the Value of Excess Cash Holdings of Large European Firms [PDF]

We examine the relation between the quality of corporate governance and the value of excess cash for large European firms (FTSEurofirst 300 Index). We use Deminor ratings for Shareholder rights, Takeover defences, Disclosure and Board as proxies for the ...
Dijk, D.J.C. van, Schauten, M.B.J., Waal, J-P. van der   +2 more
core   +1 more source