Results 101 to 110 of about 604 (207)

Cash Heterogeneity and the Payout Channel of Monetary Policy

open access: yesThe Journal of Finance, EarlyView.
ABSTRACT This paper provides novel empirical evidence that cash‐rich firms have higher equity payouts and higher stock prices in response to expansionary monetary policy surprises. Stock prices rise despite weak cash‐flow, investment, and credit responses to monetary policy.
ALTAN PAZARBAŞI
wiley   +1 more source

The Debt‐Equity Spread

open access: yesThe Journal of Finance, EarlyView.
ABSTRACT We propose a measure of the valuation gap between debt and equity—debt‐equity spread (DES)—based on the difference between actual and equity‐implied credit spreads. DES predicts cross‐sectional stock and bond returns in opposite directions.
HUI CHEN, ZHIYAO CHEN, JUN LI
wiley   +1 more source

Exploitation or Exploration? Innovation Strategy in Response to Rivals' M&A

open access: yesJournal of Management Studies, EarlyView.
Abstract This paper investigates the impact of rivals' Mergers and Acquisitions (M&A) activities on the innovation orientation of firms that are not directly involved in these transactions, hereafter referred to as focal firms. Drawing on the Awareness‐Motivation‐Capability (AMC) framework, we find that rivals' M&A activities positively affect a focal ...
Xin Deng, Huma Javaid, Amon Chizema
wiley   +1 more source

LIKUIDITAS SAHAM, KEBIJAKAN DIVIDEN DAN NILAI PERUSAHAAN

open access: yesJurnal Akuntansi dan Auditing Indonesia, 2016
The objective of the paper is to investigate the effects of stock liquidity, dividend policy by the proxy of dividend payout ratio, and dividend policy by the proxy of dividend yield to the value of the firm.
Mursalim Mursalim
doaj  

Parenthood and CEO Responses to Media Criticism on Pay

open access: yesJournal of Management Studies, EarlyView.
Abstract Research on media coverage of controversial corporate practices typically suggests firms respond instrumentally to mitigate stakeholder reactions. However, we argue that CEOs' moral concerns can sometimes override strategic considerations, because media criticism may expose them to scrutiny from personally valued audiences – for instance ...
Steffen Brenner, Georg Wernicke
wiley   +1 more source

Learning From 25 Years of Changes in Business Tax Policy

open access: yesPublic Budgeting &Finance, EarlyView.
Abstract This paper summarizes the significant changes to the taxation of business income in the United States over the last 25 years and how the resulting policy variation has helped inform research on business taxation. The survey of research on the topic covers investment incentives, international taxation, corporate financial policy, issues with ...
Jason DeBacker, Aerfate Haimiti
wiley   +1 more source

Public Data Availability and Corporate ESG Performance: Evidence From Online Data‐Sharing Platforms in China

open access: yesInternational Review of Finance, Volume 26, Issue 3, September 2026.
ABSTRACT This study examines whether public data availability improves corporate ESG performance. Exploiting the rollout of China's data‐sharing platforms as a quasi‐natural experiment, we find that platform adoption significantly enhances firms' ESG outcomes. Treated firms exhibit lower toxic emissions, higher labor income shares and charitable giving,
Lixing Deng   +3 more
wiley   +1 more source

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