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The Financial Implication of Corporate Fraud
SSRN Electronic Journal, 2012This paper explores the financial implications of corporate fraud by examining the impact of corporate fraud on fraudulent firms’ external financing cost and corporate cash holdings. Using a sample consist of 184 fraudulent firms that experience material litigation in securities class action, we find that firms’ cost of debt significantly increases ...
Chen Lin, Frank M. Song, Zengyuan Sun
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Corporate Financial Policy and the Theory of Financial Intermediation
The Journal of Finance, 1990ABSTRACTThis paper examines the optimal structure of financial contracts in an economy subject to two forms of moral hazard. Multiple information problems are shown to generate a role for multiple classes of financial claimants. We then show that economic efficiency is enhanced if the financial structure of the economy consists of both direct and ...
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The Financial Consequences of Corporate Growth
The Journal of Finance, 1980IT IS GENERALLY RECOGNIZED that there is a high degree of economic concentration in the United States and elsewhere.' The term economic concentration refers to the extent to which an industry's assets, output, or sales are distributed among the firms in that industry.
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Corporate financial policy and corporate control
Journal of Financial Economics, 1988Abstract This paper presents evidence that stockholder wealth declines on average when managers respond to attempted hostile takeovers with defensive changes in asset and ownership structure. The data also indicate that these corporate restructurings are typically quite large and that many are attempts by managers to create barriers specific to the ...
Larry Y. Dann, Harry DeAngelo
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Corporate Philanthropy and Corporate Financial Performance
Academy of Management Proceedings, 2013To resolve empirical inconclusiveness and conceptual confusion found in the literature relating corporate philanthropy and financial performance, in this paper we suggest a stakeholder sensemaking ...
Shouming Chen +2 more
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2021
Financial distress and crises for businesses can be used to implement substantial organizational changes and turnaround the damage done to achieve financial equilibrium in the short term and financial stability in the long term. Plans, methodology and tools are provided here to examine how this turnaround can be achieved.
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Financial distress and crises for businesses can be used to implement substantial organizational changes and turnaround the damage done to achieve financial equilibrium in the short term and financial stability in the long term. Plans, methodology and tools are provided here to examine how this turnaround can be achieved.
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Corporate Blockholders and Financial Leverage
SSRN Electronic Journal, 2018AbstractThis research investigates the relation between corporate blockholders and firm financial leverage. Corporate blockholders—nonfinancial firms who hold more than five percent equity in another company—might affect firm policies through their business relations, monitoring, or expropriations.
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Peer effects in corporate financialization: The role of Fintech in financial decision making
International Review of Financial AnalysisThis paper develops a three-period theoretical model of corporate investment decision-making to illustrate the impact of peer effects on corporate financialization and the influence of Fintech on peer effects in corporate financialization. To empirically
Haolin Zhang (418208) +3 more
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The financial situation of non-financial corporations [PDF]
Economic Review, 2006 As entities where the production process takes place, non financial corporations deserve full attention in the analysis of the real and financial accounts. However, the examination of the financial behaviour of non financial corporations is traditionally confined to their financing : thus, the Bank’s annual report generally only considers their ...
S. Cappoen, M.-D. Zachary
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European Economic Review, 1982
The paper discusses two antithetical statements of the relationship between the value of the firm and its joint financing and dividend decisions. The paper develops an empirically testable model which relies on the Capital Asset Pricing Model. Empirical tests are conducted on a very large and divergent sample.
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The paper discusses two antithetical statements of the relationship between the value of the firm and its joint financing and dividend decisions. The paper develops an empirically testable model which relies on the Capital Asset Pricing Model. Empirical tests are conducted on a very large and divergent sample.
openaire +1 more source