Results 71 to 80 of about 14,040 (237)
Does China overinvest? Evidence from a panel of Chinese firms [PDF]
This paper addresses the hotly-debated question: do Chinese firms overinvest? A firm-level dataset of 100,000 firms over the period of 2000-07 is employed for this purpose.
Alessandra Guariglia +2 more
core
The investigation of the relationship between tax avoidance and investment inefficiency [PDF]
پژوهشهای حسابداری و حسابرسی عملیاتی و عملکرد, 2018 This paper examines the relationship between tax avoidance and investment inefficiency. Tax avoidance can bring returns for the company that come from the savings resulting from tax savings.
maryam minab, mehran matinfard
doaj
Cash‐holding Benefits and Their Influence on Seasoned Equity Offering Decisions
Abacus, EarlyView.This study investigates the cash‐holding motivations of issuers with excess cash. It aims to explain why these issuers choose to accumulate even more cash through stock issuances rather than utilize their existing surplus. I assess three competing cash‐holding motivation hypotheses: whether issuers raise cash: (i) to fund the needs of future growth ...
Ebrahim Bazrafshan
wiley +1 more source
Monetary Policy, Vagabonding Liquidity and Bursting Bubbles in New and Emerging Markets – An Overinvestment View [PDF]
Credit booms have globally fuelled hikes in stock, raw material and real estate markets which have culminated in the recent US subprime market crisis. We explain the global asset market booms since the mid 1980s based on the overinvestment theories of ...
Andreas Hoffmann, Gunther Schnabl
core
Does Continuous Disclosure Improve Investment Efficiency? Evidence from a Unique Regulatory Setting
Abacus, EarlyView.We examine the association between continuous disclosure and investment efficiency within the context of Australia's unique regulatory setting for continuous disclosure. Based on 8,527 firm‐year observations, we find that continuous disclosure is positively associated with investment efficiency and helps to mitigate both over‐investment and under ...
Sudipta Bose +3 more
wiley +1 more source
Can Overconfident Executives Restrain Overinvestment?
Modern Economy, 2017 This paper uses the data of the public company from 2013 to 2015 to explore the relationship between executives’ overconfidence and overinvestment when the company’s financing ability is different. Unlike previous studies, the result of this study shows that overconfidence may curb overinvestment when the company’s financing capacity is poor. It is
openaire +2 more sources
Beyond Sporting Talent: Other Determinants of Football Clubs’ Wage Bills
Bulletin of Economic Research, EarlyView.ABSTRACT This article delves into the understanding of how football clubs determine wage bills to compensate talent. Using data from first‐division teams in elite European leagues, we estimate wage models based on indicators of sporting performance, “Elo ratings” as a proxy for clubs’ historical achievements and brand strength, and “media visibility ...
Alice Aguiar‐Noury +1 more
wiley +1 more source
Transport Infrastructure Investment and Demand Uncertainty [PDF]
In transportation planning there can be long lead times to adapt capacity. This paper addresses two questions. First, in a one mode world (say rail or road), what is the optimal capacity choice when faced with uncertain demand, long lead times and ...
Saskia van der Loo, Stef Proost
core +3 more sources
The Basel II accord : internal ratings and bank differentiation [PDF]
, 2004 The Basel Committee plans to differentiate risk-adjusted capital requirements between banks regulated under the internal ratings based (IRB) approach and banks under the standard approach.
Feess, Eberhard, Hege, Ulrich
core +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