The growth opportunities for SMC?
Journal of Business Economics and Management, 2006 The extensive empirical literature on the validity of Gibrat's law does not in general verify the law as it finds that firms’ growth rates are negatively correlated with both firm size and age.
Jan Bentzen +2 more
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Investigating Excess Cash, Firm Value and Stock Liquidity Risk in Firms with Growth Opportunities or Financial Constraints [PDF]
بررسیهای حسابداری و حسابرسی, 2021 Objective: Stock liquidity is one of the most critical factors for investors in the capital markets and one of the main functions of the stock exchange.
Mohammad Osoolian +2 more
doaj +1 more source
Corporate diversification and firms' value in emerging economy: the role of growth opportunity [PDF]
Journal of Asian Business and Economic Studies, 2020 Purpose – This paper examines empirically how growth opportunities determine the relationship between corporate diversification and firm's value in an emerging economy.
Rahmat Heru Setianto
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Measuring Growth Opportunities [PDF]
SSRN Electronic Journal, 2000 Although the impact of growth opportunities on company value has been recognized since Miller and Modigliani (1961), relatively little empirical work has been undertaken to value growth opportunities. In this study the validity of the KBM model (Kester (1984) and Brealey and Myers (1981)) is tested on a sample of 278 large UK companies for 1987-1995 ...
Danbolt, J., Hirst, I., Jones, E.
openaire +1 more source
Investigating the Effect of Financial Distress and Growth Opportunities on Accounting Conservatism with the Role of Adjusting Management Overconfidence [PDF]
مطالعات تجربی حسابداری مالی, 2022 Conservatism is an action that is used in conditions of uncertainty and limiting management optimistic behaviors to increase the reliability of financial statements.
Mehdi Heidari +2 more
doaj +1 more source
The Relation among Growth Opportunities in Valuation of Free Cash Flow [PDF]
بررسیهای حسابداری و حسابرسی, 2013 This paper examines empirically the effect of firm growth opportunities on the market valuation of free cash flow. An accounting-based valuation framework is developed where stock returns are regressed on free cash flow interacted with growth ...
Yahyazadehfar Yahyazadehfar +2 more
doaj +1 more source
Applying black- Scholes model to breakdown beta: growth options and the risk of beta miscalculation [PDF]
Iranian Journal of Finance, 2019 When evaluating companies and investment plans, most analysts use a discount rate that is derived from CAPM models. The beta in these models usually represent risks and opportunities of the relative industry, with almost no attention to the risks that ...
Amin Babaei Falah +2 more
doaj +1 more source
Seasoned Equity Offering and Financial Reporting Quality [PDF]
مجله دانش حسابداری, 2020 Objective: This study explores the impact of seasoned equity offering (SEO) on financial reporting quality (FRQ), using free cash flow and growth opportunities, considering the cost of capital.
Mahmoud Nasiri, Mohammad Hossein Ghaemi
doaj +1 more source
The effect of managers' overconfidence on dividend policy in the firms listed in Tehran stock market [PDF]
بررسیهای حسابداری و حسابرسی, 2014 The characteristic of managers' personality is a key factor in their dividend policy. Overconfidence is an important feature of managers who are optimism about future earnings and cash flows and have a positive view of potential risk and return.
Shahnaz Mashayekh, Samira Behzadpur
doaj +1 more source
Monitoring and managerial discretion effects on agency costs: Evidence from an emerging economy
BAR: Brazilian Administration Review, 2021 We analyzed the effect of managerial ownership, leverage, and managerial discretion on the agency costs of 14,719 Chilean companies. The results of the instrumental variables (IV) regressions indicate that managerial ownership and capital structure have ...
Jorge Andrés Muñoz Mendoza +3 more
doaj +1 more source