Results 51 to 60 of about 2,909 (163)

Insider Ownership and Investment Efficiency

International Journal of Finance &Economics, Volume 31, Issue 3, Page 3184-3200, July 2026.
ABSTRACT This study examines the relationship between insider ownership and investment efficiency in Indian publicly listed firms, utilising panel data spanning 2001 to 2015. It explores how agency conflicts contribute to suboptimal capital investment decisions. Our analysis reveals that increased insider ownership is associated with reduced investment
Bibek Bhatta
wiley   +1 more source

ESG Performance and Credit Risk: Evidence From Chinese Manufacturing Companies

International Journal of Finance &Economics, Volume 31, Issue 3, Page 3720-3746, July 2026.
ABSTRACT This study investigates the effect of corporate environmental, social, and governance (ESG) performance on credit risk using a sample of manufacturing firms listed on China's Shanghai and Shenzhen A‐share markets from 2009 to 2021. Employing fixed effects, the generalised method of moments, and instrumental variable models, we find that ...
Yanan Wang, Xiao Zhang, Michal Wojewodzki, Yuxin Jian, Fadey AbiDaoud   +4 more
wiley   +1 more source

Application of Market Timing Theory: Evidence from Canadian Firms [PDF]

International Journal of Management, Accounting and Economics
Internal and external finance are the two primary forms of funding for businesses. Internal financing is derived from retained profits, while external financing may come through borrowing money or the issuance of stocks.
Humayun Humta, Hamayoun Ghafourzay
doaj   +1 more source

CSR disclosure and investment efficiency in MENA countries: The moderating role of CSR committee

Strategic Change, Volume 35, Issue 4, Page 591-615, July 2026.
ABSTRACT Corporate social responsibility disclosure (CSRD) is often recognized as a transparency mechanism that allows companies to communicate their commitment to CSR. However, CSRD may also exacerbate agency conflicts. This study addresses these two contrasting perspectives by investigating the impact of CSRD on investment efficiency and exploring ...
Mohamed Malek Belhoula, Imen Khanchel, Naima Lassoued, Rouba Jebri   +3 more
wiley   +1 more source

Effect on Profitability Of Capital Structure Panel Data Analysis on BIST 100

Gaziantep Üniversitesi Sosyal Bilimler Dergisi, 2017
The relationship between capital structure and profitability is one of the subjects that is being debated in the literature since almost half a century. Modigliani – Miller (1958) argued that the capital structure of an organization has no effect on its ...
Erkan Alsu
doaj   +1 more source

Green Hunter or Green Detractor? Strategic Orientations and Green Revenues

British Journal of Management, Volume 37, Issue 3, July 2026.
Abstract We bridge a research gap concerning whether varying strategic orientations can be aligned with the transition to greener business practices. Drawing on resource‐based theory and stakeholder theory, we investigate how growth‐ and profit‐oriented strategic orientations shape firms’ capacity to generate green revenues that integrate economic ...
June Cao, Zijie Huang, Ari Budi Kristanto   +2 more
wiley   +1 more source

Cost of Equity and Dividend Policy

Финансы: теория и практика
The economically justified amount of dividends is equal to the equity cost, assuming that investors use a dividend discounting model. The evaluation of the latter is an extremely difficult task.
P. N. Brusov, T. V. Filatova, V. L. Kulik   +2 more
doaj   +1 more source

Why Do Hedgers Hedge? The Role of Ambiguity

Journal of Futures Markets, Volume 46, Issue 6, Page 1053-1078, June 2026.
ABSTRACT This paper investigates whether ambiguity influences hedging behavior in commodity futures markets. Using high‐frequency crude oil futures data, distinct measures of risk and ambiguity are linked to weekly hedging positions from the Commodity Futures Trading Commission (CFTC).
Fiona Höllmann
wiley   +1 more source

Debt Concentration and the Tax Sensitivity of Leverage Concentration de la dette et sensibilité fiscale du levier financier

Contemporary Accounting Research, Volume 43, Issue 2, Page 923-954, Summer 2026.
ABSTRACT A concentrated debt structure can facilitate creditor coordination, which reduces the financial distress cost in a liquidity default but also increases the risk of a strategic default. Debt concentration affects the sensitivity of leverage to tax through these two forces.
Xiaoli Hu, Yuehua Li, Oliver Zhen Li, Sha Pei   +3 more
wiley   +1 more source

A reappraisal of Modgliani's finance theories

PSL Quarterly Review, 2005
The paper examines the influence of Modigliani's contributions to the theory of finance. As for the term structure of interest rates, the preferred habitat theory, had a mixed fortune: it was utilized by financial managers for a rather long time, before ...
Terenzio Cozzi
doaj