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
It's a Family Affair: A Case for Consistency in Family Foundation Giving and Family Firm Community CSR Activity. [PDF]
J Bus Ethics, 2023 Cruz C, Milanov H, Klein J.
europepmc +1 more source
Relative Factor Price Changes and Equity Prices [PDF]
This paper suggests that the decline in equity prices, and thus in Tobin's average q, during the 1970s may be attributable to changes in expected relative factor prices.
Patric H. Hendershott, Peter J. Elmer
core
The effect of addback statutes on CEO compensation
Accounting &Finance, Volume 65, Issue 1, Page 793-818, March 2025.Abstract Exploiting the adoption of addback statutes, which occurred at different times, as exogenous shocks to corporate taxable income, we examine the effect of tax policy changes on the compensation of chief executive officers (CEOs). We provide evidence that CEOs of firms headquartered in states affected by addback statutes experienced a decrease ...
Karel Hrazdil +3 more
wiley +1 more source
"Bank Health and Investment: An Analysis of Unlisted Companies in Japan" [PDF]
To the extent that a borrower faces switching costs in a relationship with an individual bank, bank-specific financial health might affect a borrower's cost of funds.
Jouchi Nakajima +2 more
core
Theories of Interest and Their Relation to the Gesell–Keynes Theory
The American Journal of Economics and Sociology, EarlyView.ABSTRACT We consider theories of interest as they relate to what we will call the Gesell‐Keynes (GK) theory which is essentially a real theory of capital accumulation with a monetary constraint that arises because of a liquidity return on holding money.
Ahmed Anwar
wiley +1 more source
Taking stock: monetary policy transmission to equity markets [PDF]
This paper analyses the effects of US monetary policy on stock markets. We find that, on average, a tightening of 50 basis points reduces returns by about 3%.
Ehrmann, Michael, Fratzscher, Marcel
core
Unions and Managerial Pay [PDF]
, 1997 Unions compress the wage distribution among workers covered by union contracts. We ask whether unions also have an effect on the managers of unionized firms.
DiNardo, John +2 more
core +1 more source
Organizational Culture and Financial Performance: A Machine Learning Approach*
Asia-Pacific Journal of Financial Studies, EarlyView.Abstract This study explores the relationship between organizational culture and firm performance by applying a machine learning‐based text analysis to a large corpus of employee reviews. Inspired by an intuitive framework of Myers‐Briggs Type Indicator personality dimensions, we propose a novel representation of organizational culture using Korean ...
Hanjun Lee, Junho Park
wiley +1 more source
The impact of analyst attention on the firms' innovation paths from a life cycle perspective: Evidence from China. [PDF]
Heliyon, 2023 Yao J, Wang D.
europepmc +1 more source