The Growth Opportunities for SMEs? [PDF]
, 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. However, some studies find that Gibrat’s law holds for sub-samples of firms such as large firms or firms belonging to special industries.
Smith, Valdemar +2 more
openaire +3 more sources
Economic Growth and Equality of Opportunity [PDF]
SSRN Electronic Journal, 2011 In this paper we argue that a better understanding of the relationship between inequality and growth can be obtained by shifting the analysis from the space of final achievements to the space of opportunities. To this end, we introduce the Opportunity Growth Incidence Curve, that can be used to evaluate the income dynamics of specific groups of the ...
Peragine V., Palmisano F., Brunori P.
openaire +9 more sources
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
Debt versus Equity—Open Innovation to Reduce Asymmetric Information
Journal of Open Innovation: Technology, Market and Complexity, 2021 The research aims to examine the difference between absence and presence life cycle stage in technology information digitalization (TID) as a form of open innovation in reducing information asymmetry.
Arief Yulianto +2 more
doaj +3 more sources
The Relationship between Growth Opportunities, Tangible Assets, and Financial Structure of Companies listed on the Tehran Stock Exchange [PDF]
Iranian Journal of Accounting, Auditing & Finance, 2018 This research is intended to investigate the relation between financial structure and growth opportunities, and the tangible asset rate to be used by managers, capitalists and others who use financial statements to make decisions.
Reza Jamei
doaj +1 more source
The bias of growth opportunity [PDF]
European Financial Management, 2021 AbstractThe bias of growth opportunity (BGO), measured as the difference between market and fundamental values of a firm's growth opportunity, has an ability to predict future stock returns. In the portfolio sort, downward‐biased BGO firms earn higher returns than upward‐biased ones, which is unexplained by the common asset pricing models.
Gong, Cynthia M. +3 more
openaire +3 more sources
Agency Problems and Audit Fees Further Tests of the Free Cash Flow Hypothesis [PDF]
بررسیهای حسابداری و حسابرسی, 2012 We expect that the auditors assess higher risks and expend more effort to address the agency problems of FCF and growth opportunities. Companies often use debt and dividend to monitor (and mitigate) the agency problems of FCF, as these reduce the funds ...
Saeid Hossein Alavi Tabari +2 more
doaj +1 more source
What Influences to Financial Leverage in Listed Construction Firms in Vietnam? The Role of Asset Tangibility and Growth Opportunities [PDF]
Облік і фінанси, 2023 Investment projects in the construction industry usually require a large amount of capital. Most businesses need more capital to implement the investment project; therefore, they use borrowed capital and mobilise capital from investors. Understanding the
Pham Tien Manh
doaj +1 more source
Examine the Effect of Market Past Values on Investment Decisions and Cumulative Leverage Changes of Firms from the Perspective of Market Timing Theory [PDF]
مطالعات تجربی حسابداری مالی, 2020 Cognition and awareness of the firms' capital structure is important for potential shareholders and investors, and information on capital structure is used by creditors. The financing decisions of many firms depend on the market value of the stock. firms
Javad Shekarkhah, seyyed hamid tamandeh
doaj +1 more source