International Journal of Managerial Finance: Volume 19 Issue 4

Impact of financial distress on investment-cash flow sensitivity: evidence from emerging economy

Gaurav Gupta, Jitendra Mahakud

The purpose of this study is to examine the impact of financial distress (FD) on investment-cash flow sensitivity (ICFS) of Indian firms.

Debt dynamic, debt dispersion and corporate governance

Daniel Tut

This paper addresses the following questions: Why do some firms employ multiple debt types? What explains debt heterogeneity? Is the choice of the source of debt a function of…

Market integration and volatility spillover across major East Asian stock and Bitcoin markets: an empirical assessment

Hongjun Zeng, Abdullahi D. Ahmed

This paper aims to provide new perspectives on the integration of East Asian stock markets and the dynamic volatility transmission to the Bitcoin market utilising daily data from…

Does economic policy uncertainty affect bank profitability?

Peterson K. Ozili, Thankom G. Arun

Managers are concerned about how the macroeconomic environment affects business profit. Focusing on banks, this study aims to investigate the effect of economic policy uncertainty…

Strategic deviance and trade credit

Harshali Damle, Rajesh Kumar Sinha

Literature sparsely documents the association between the deviant behavior of a firm and its financial policies. Trade credit is one of the most critical financial policies of a…

State control and stock price crash risk: new evidence of the conservatism of state-owned enterprises

Feng Xie, Hamish D. Anderson, Jing Chi, Jing Liao

This paper examines the impact of state control on stock price crash risk given whether and how ownership structure affects stock price crash risk is relatively underexplored.

International evidence on the relationship between corporate ethics and dividend policy

Omar Farooq, Neveen Ahmed

This paper aims is to document the relationship between corporate ethics prevailing in the country and the dividend policies adopted by firms.

How are economic policy uncertainty shocks transmitted to capital structure? Chinese evidence

Xiao-Ming Li, Mei Qiu

The purpose of this paper is to investigate the mechanism of transmitting economic policy uncertainty (EPU) shocks to capital structure.

Uncertainty, bank opacity, and market structure

Van Dan Dang, Hoang Chung Nguyen

The study examines the impact of uncertainty on bank opacity while particularly taking into account the moderating role of market structures.

Audit quality and liquidity policy

Mohammad Hendijani Zadeh

The purpose of this study is to examine whether audit quality influences auditees' liquidity policy.