Results 81 to 90 of about 14,040 (237)
Dynamic relational contracts under complete information [PDF]
, 2014 This paper considers a long-term relationship between two agents who both undertake a costly action or investment that together produces a joint benefit. Agents have an opportunity to expropriate some of the joint benefit for their own use. Two cases are
Thomas, Jonathan, Worrall, Tim
core
Does EVA performance evaluation improve the value of cash holdings? Evidence from China
China Journal of Accounting Research, 2015 This paper investigates the influence of the economic value added (EVA) performance evaluation, issued in 2010 by the State-owned Assets Supervision and Administration Commission of the State Council, on the value of the cash holdings of central state ...
Yongjian Shen, Lei Zou, Donghua Chen
doaj +1 more source
RISK OF OVERINVESTMENT IN MUNICIPALITIES
Acta Scientiarum Polonorum. Oeconomia, 2017 This article describes investment activities of self-government territorial units. Its aim is to present the importance of investments for the provision of public services by municipalities. The opinions of the respondents about the causes of excessive or misguided investments and the ways of reducing their scale were presented.
openaire +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
Do Bubbles Lead to Overinvestment?: A Revealed Preference Approach [PDF]
Many economists believe that the stock market plays an important role in efficiently allocating capital to its most productive uses. This standard story of the stock market was called into question by events in the late 1990s, when some observers ...
Huntley Schaller, Robert S. Chirinko
core
Climate Regulation and ESG Disclosure in Maritime Transport
European Financial Management, EarlyView.ABSTRACT This paper investigates whether climate policy signals influence ESG disclosure quality in maritime transport, a capital‐intensive industry responsible for roughly 3% of global CO₂ emissions. Using panel data from 126 listed shipping firms between 2009 and 2023, we construct an author‐based disclosure quality index and treat the IMO's 2018 ...
Xakousti Afroditi Merika +1 more
wiley +1 more source
Ownership structure and inventory policy. [PDF]
This paper makes use of a database of Spanish manufacturing firms to explore the effect of a firm's ownership structure on its inventory policy. We have argued that the presence of institutional investors reduces a firm's liquidity needs and prevents ...
Tribó, Josep A.
core
Signaling Vision: Knowing When to Quit
International Economic Review, EarlyView.ABSTRACT We study a signaling game where agents signal their type by choosing when to quit pursuing an uncertain project. High types observe news about project quality and quit when bad news arrives. Low types who do not observe any news may mimic high types by quitting continuously over a phase of time.
Junichiro Ishida, Wing Suen
wiley +1 more source
The Disciplining Role of Leverage in Dutch Firms [PDF]
In this study we investigate the role of leverage in disciplining overinvestment problems.We measure the relationships between leverage, Tobin s q and corporate governance characteristics for Dutch listed firms.Besides, our empirical analysis tests for ...
Jong, A. de
core +1 more source
Selling to buy: Asset sales, acquisition financing, and value creation
Journal of Financial Research, EarlyView.Abstract In line with increased liquidity offered by asset sales, our findings show that firms selling large assets prior to acquisitions are more likely to use cash as payment method. Additionally, we find that in subsequent cash acquisitions, firms using cash stemming from asset sales experience higher announcement abnormal returns compared to firms ...
Christos Mavrovitis (Mavis) +2 more
wiley +1 more source