Results 111 to 120 of about 3,749 (275)
Can Enterprises Invest Efficiently in Smart Cities?
Accounting &Finance, EarlyView.ABSTRACT The rapid expansion of the digital economy has accelerated smart city (SC) development in China. Using a time‐varying difference‐in‐differences approach, we examine the impact of SC policies on corporate investment efficiency. We document that SC construction significantly enhances investment efficiency, with robust results across multiple ...
Jingmiao Li +3 more
wiley +1 more source
Investor Sentiment and Crowdfunding Success: Evidence From Kickstarter
Accounting &Finance, EarlyView.ABSTRACT This study examines how investor sentiment affects fundraising in reward‐based crowdfunding markets. Using Spotify‐based music sentiment as a proxy for investor sentiment, we show that positive sentiment increases both pledged amounts and the number of backers.
Pu Zhao, Feng Chen
wiley +1 more source
Economics &Politics, EarlyView.ABSTRACT We examine how state ownership and CEO financial incentives jointly condition the market valuation of acquisition‐related leverage adjustments in 2251 completed M&A deals by Chinese A‐share listed acquirers (2013–2023). Acquirers draw on spare financing capacity at deal completion, with larger leverage increases among underleveraged firms.
Chun I. Lin +3 more
wiley +1 more source
Endogenous Uncertainty: Does Investment Inefficiency Contributes to Uncertainty?
Buletin Ekonomi Moneter dan PerbankanWe investigate the endogenous relationship between firm-level investments and macro-level uncertainty for U.S publicly listed firms from 1996 Q1 to 2019 Q4. Based on the Vector AutoRegressive analysis, we learn that underinvestment tends to increase news-
Rita Juliana +3 more
doaj +1 more source
European Management Review, EarlyView.Abstract This study examines the relationship between Chief Financial Officer (CFO) overconfidence and firm performance through the lens of environmental violations and constituency statutes. Drawing on stakeholder and upper echelons theories, we find that firms with overconfident CFOs are more likely to commit environmental violations, which ...
Panagiotis Andrikopoulos +4 more
wiley +1 more source
Overinvestment in Team Sports Leagues: A Contest Theory Model
This paper applies contest theory to provide an integrated framework of a team sports league and analyses the competitive interaction between clubs. We show that dissipation of the league revenue arises from `overinvestment' in playing talent as a direct
Markus Lang, Helmut Dietl, Egon Franck
core +1 more source
Second chance capex: Investment efficiency following credit forbearance
International Review of Economics & FinanceUsing a unique data set on forbearance agreements, I study the relationship between credit forbearance and firm investment policy and find evidence that firms invest more efficiently after lenders forbear a credit default.
Patrick Gosselin
doaj +1 more source
Foundation governance for the purposeful ownership of enterprise
European Management Review, EarlyView.Abstract Foundation‐owned companies are regarded as real‐world examples of commitment to a company purpose, and several world‐class companies have this ownership structure. They have been found to perform surprisingly well, given the accountability and incentive problems anticipated by conventional economic theories when nonprofit organizations own ...
Terry McNulty, Steen Thomsen
wiley +1 more source
Real Convergence, Capital Flows, and Competitiveness in Central and Eastern Europe [PDF]
The paper scrutinizes the role of wages and capital flows for competitiveness in the new EU member states in the context of real convergence. For this purpose it extends the seminal Balassa-Samuelson model by international capital markets.
Gunther Schnabl +2 more
core +2 more sources
OVERINVESTMENT IN POLISH AGRICULTURE [PDF]
, 2020 Jagoda Zmyślona, Arkadiusz Sadowski
openaire +1 more source