International Journal of Managerial Finance
Issue(s) available: 85 – From Volume: 1 Issue: 1, to Volume: 20 Issue: 2
Unveiling the driving forces behind high non-performing loans in zombie enterprises: an executive-centric study
Min Bai, Dong Zhang, Wenzhuo ZhaoExcessive borrowing significantly contributes to pushing businesses towards default and their transition into zombie enterprises. Despite government efforts to implement…
Economic uncertainty, risk-taking incentives and production management
Hussein Abdoh, Aktham MaghyerehThis study aims to validate the link between production manipulation and a firm’s performance variability (fundamentals and stock returns). It explores whether executives'…
Oil price uncertainty and excess value of diversification
Amanjot SinghThis study examines the value implications of oil price uncertainty for investors in diversified firms using a sample of 922 USA firms from 2001 to 2019.
Unveil the benefit of independent leadership structure on employee welfare
Thanh Dung Nguyen, Thuong Harvison, Ali AshrafEmployees play a vital role in the success of a corporation. While boards of directors are created to protect shareholders’ interests, it is unclear if these directors also ensure…
Can institutional investors influence media sentiment?
Heng (Emily) Wang, Xiaoyang ZhuThe dissemination of misleading and false information through media can jeopardize a company’s reputation, thus posing a threat to its stock and performance. Institutional…
How does the heterogeneity of institutional investors influence corporate tax avoidance? The moderating role of family ownership
Ramzi Benkraiem, Faten Lakhal, Afef SlamaThis study provides new insights into the relationship between the heterogeneity of institutional investors (IIs) and corporate tax avoidance (CTA). It also investigates whether…
Uncertainty and cash holdings: the moderating role of political connections
Ly Thi Hai Tran, Thoa Thi Kim Tu, Bao Cong Nguyen ToThis paper aims to investigate the relationship between uncertainty and corporate cash holdings with the moderating role of political connections.
The impact of the knowledge economy on the financing constraints of firms: within and between country effects
Charilaos Mertzanis, Asma HoucineThis study employs firm-level data to evaluate how the knowledge economy impacts the financing constraints of businesses across 106 low- and middle-income nations, focusing on the…
Green finance when stakeholders’ interests collide with each other: the case of Bangladesh
Mahmoud Agha, Md Mosharraf Hossain, Md Shajul IslamThis study examines the impact of chief executive officer (CEO) power, institutional investors and their interaction on green financing provided by Bangladeshi financial…
Labor unions, pay disparity and financial statement comparability
Eun Hye Jo, Jung Wha LeeThis study examines how the presence of labor unions affects a firm’s pay disparity between executives and employees and its financial statement comparability.
The US government customer concentration and the firm innovation
HyunJun NaThis study examines the impact of the US government customer concentration and product innovation in supplier firms. The US government customer concentration is defined as the…
Debt overhang and carbon emissions
Md Safiullah, Muhammad Nurul Houqe, Muhammad Jahangir Ali, Md Saiful AzamThis study investigates the association between debt overhang and carbon emissions (both direct and indirect emissions) using a sample of US publicly listed firms.
Institutional ownership stability and product quality failures
Thanh Dat Le, Nguyen NguyenThis study examines the effect of stable institutional investors on firms' product quality failures. Furthermore, the authors investigate the channels through which institutional…
Investing in a leveraged world
Keunbae Ahn, Gerhard Hambusch, Kihoon Hong, Marco NavoneThroughout the 21st century, US households have experienced unprecedented levels of leverage. This dynamic has been exacerbated by income shortfalls during the COVID-19 crisis…
International evidence on the monitoring role of foreign institutional investors in corporate investment efficiency
Muhammad Ilyas, Rehman Uddin Mian, Affan MianThis study examines whether and how the legal origin of foreign institutional investors (FIIs) impacts corporate investment efficiency.
The impact of economic policy uncertainty on sustainability (ESG) performance: the role of the firm life cycle
Muhammad Azeem Qureshi, Tanveer Ahsan, Ammar Ali Gull, Zaghum UmarThis study investigates the impact of economic policy uncertainty (EPU) on corporate sustainability [environmental, social and governance (ESG)] performance and aims to explore…
Family involvement and corporate financialization: evidence from China
Lixia Wang, Yingqian Gu, Wanxin LiuUnder the background of continuous sluggishness of the real economy and expansion of asset sectors, the Chinese economy exists a trend of “from the real to the virtual.” Managing…
Do all CEO pay regulations hurt firm performance? Evidence from China
Xiaochuan Tong, Weijie Wang, Yaowu LiuThe authors study and compare the effects of three CEO compensation restricting policies issued by the Chinese government in 2009, 2012 and 2015. This paper aims to shed light on…
CEO overconfidence and tax avoidance: role of institutional and family ownership
Zahra Souguir, Naima Lassoued, Houssam BouzgarrouThis study aims to investigate the effect of overconfident chief executive officers (CEOs) on corporate tax avoidance and whether this relationship is affected by institutional…
Oil price uncertainty and corporate inventory investment
Amanjot SinghThis study examines the relationship between oil price uncertainty (OPU) and corporate inventory investments using a sample of 6,072 USA manufacturing firms from 1992 to 2019.
Effects of time-varying political connections on loan contracts
Hao Fang, Chieh-Hsuan Wang, Joseph C.P. Shieh, Chien-Ping ChungThe authors construct two time-varying political connection (PC) indexes to measure a firm's political tendencies toward ruling and opposing parties and analyze whether a firm…
The real implications of mimicking peer firms' cash holdings
Marvelous Kadzima, Michael Machokoto, Edward ChamisaThis study empirically examines the nonlinear effects of mimicking peer firms' cash holdings on shareholder value, with consideration of macroeconomic conditions.
The more, the merrier? The role of an auditor's certification in loan pricing
Bolortuya Enkhtaivan, Zagdbazar DavaadorjThe purpose of this paper is to explore the role of three different audit characteristics in loan pricing—the most significant credit term for borrowers. Three characteristics…
Military CEOs and firm dividends and cash holdings
Nam Hoang Le, Zhe Li, Megan RamseyThe purpose of this study is to examine the relationships between chief executive officers (CEOs) with military service and firm dividend and cash holding decisions.
The impact of international money transfer cost transparency on remittance flows to emerging economies
Primrose GuriraThe purpose of this study is to explore the impact of cost transparency introduced by the Remittance Prices Worldwide (RPW) online transaction cost comparison tool on remittance…
Compensations, overconfidence and use of loan terms
Jan Voon, Yiu Chung MaThis paper contributes to the literature as follows. First, it examines if option and stock compensations raise creditor's risk, and which one is more important than the other…
Managerial ability and climate change exposure
G.M. Wali Ullah, Isma Khan, Mohammad AbdullahThis study aims to investigate how a firm's management team's capacity to efficiently use its resources affects the firm's exposure to climate change. Specifically, the authors…
Currency change and capital structure decisions: evidence from the birth of the Euro area
Marco BottaThe paper investigates if the process that led to the birth of the Euro Area had a significant impact in homogenizing the capital structure decisions of European firms since the…
Can a firm's hierarchical complexity affect its stock price behavior? Evidence from stock price crash risk
Hoàng Long Phan, Ralf ZurbrueggThis paper examines how a firm's hierarchical complexity, which is determined by the way it organizes its subsidiaries across the hierarchical levels, can impact its stock price…
Institution quality and stock price crash risk: a global perspective
Cong Wang, Yifan LuThis study aims to provide empirical evidence on the relationship between formal institutions and stock price crash risk from a global perspective.
Sources of incentive and entrenchment effects in family firms: balancing self-dealings with operating efficiencies
Kinshuk SaurabhThe purpose of the study is to examine how operating efficiencies from incentive alignment compensate for rent extraction in family firms. The author asks whether ownership (1…
Electricity access and green financing in the African region
Geeta Rani Duppati, Stifanos Hailemariam, Roselyn Murray, Jana KivellThis study aims to provide empirical evidence on two research questions: firstly, whether green finance is positively related to electricity access, and, secondly, if the domestic…
Feverish sentiment, lockdown stringency, oil volatility, and clean energy stocks during COVID-19 pandemic
Sakiru Adebola Solarin, Muhammed Sehid Gorus, Veli YilanciThis study seeks to investigate role of the coronavirus disease 2019 (COVID-19) pandemic on clean energy stocks for the United States for the period 21 January 2020–16 August 2021.
Analyzing the static and dynamic dependence among green investments, carbon markets, financial markets and commodity markets
Emmanuel Joel Aikins Abakah, Aviral Kumar Tiwari, Johnson Ayobami Oliyide, Kingsley Opoku AppiahThis paper investigates the static and dynamic directional return spillovers and dependence among green investments, carbon markets, financial markets and commodity markets from…
ISSN:
1743-9132Online date, start – end:
2005Copyright Holder:
Emerald Publishing LimitedOpen Access:
hybridEditor:
- Dr Alfred Yawson