Investability and Firm Value [PDF]
We study how investability, or openness to foreign equity investors, affects firm value in a sample of over 1,400 firms from 26 emerging markets. We find that, on average, investability is associated with a 9% valuation premium (as measured by Tobin's q).
Thomas O'Connor, Todd Mitton
core
Insider Ownership and Investment Efficiency
International Journal of Finance &Economics, EarlyView.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
Environmental information disclosure and corporate performance: Evidence from Chinese listed companies. [PDF]
Heliyon, 2023 Ye Y, Yang X, Shi L.
europepmc +1 more source
Q Theory Without Adjustment Costs & Cash Flow Effects Without Financing Constraints [PDF]
Tobin's Q exceeds one, even without any adjustment costs, for a firm that earns rents as a result of monopoly power or of decreasing returns to scale in production.
Andrew B. Abel, Janice C. Eberly
core
The Impact of Geopolitical Risk on Trade Credit
International Journal of Finance &Economics, EarlyView.ABSTRACT In light of escalating global geopolitical tensions, understanding how firms respond to external shocks has become a critical issue for policymakers, corporate managers, and investors. This study investigates the impact of geopolitical risk (GPR) on firms' reliance on trade credit (TC)—an essential form of short‐term financing, particularly ...
Wafa'a B. Al‐Yafei, Hamdi Bennasr
wiley +1 more source
The impact of capital structure on the performance of state-invested enterprises in Vietnam
Cogent Economics & FinanceThis study examines the impact of capital structure on performance of state-invested enterprises (SIEs). Capital structure is measured by total debt ratio (TDR), long-term debt ratio (LTD), and short-term debt ratio (STD), and performance is measured by ...
Thu Hien Nguyen
doaj +1 more source
On the determinants of euro area FDI to the United States: the knowledge- capital-Tobin's Q framework [PDF]
The long-run determinants of euro area FDI to the United States during the period 1980-2001 are explained by employing the Tobin's Q-model of investment.
Anderton, Robert +2 more
core
ESG Performance and Credit Risk: Evidence From Chinese Manufacturing Companies
International Journal of Finance &Economics, EarlyView.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 +4 more
wiley +1 more source
NMIMS Management ReviewThe aim of this study is to explore the impact of overall and individual environmental, social and governance (ESG) disclosure scores on firm performance of the financial and non-financial companies.
Kapil Shobhwani, Shilpa Lodha
doaj +1 more source
The Effect of Free Cash Flow and Capital Structure on Different Criteria for Evaluating the Performance of the Material Industry and Pharmaceutical Products Companies Listed on the Tehran Stock Exchange [PDF]
حسابداری سلامت, 2014 Introduction: In the world today, regarding the competitive market conditions, it is necessary to determine an appropriate method for financing in order to increase profitability and corporate survival.
M. Aghaie +2 more
doaj