Managerial Finance: Volume 43 Issue 8

Abnormal investment, changes in institutional ownership, and SEO long-run performance

Weiju Young, Ching-Chih Wu

The purpose of this paper is to investigate that how firms’ pre-issue investment levels and changes in institutional ownership (IO) affect their long-run performance after…

Corporate finance practices in Morocco

H. Kent Baker, Imad Jabbouri, Chaimae Dyaz

The purpose of this paper is to examine corporate finance practices in the frontier market of Morocco and compare the practices used by Moroccan companies to those in other…

Determinants of capital structure in Australia: an analysis of important factors

Hui Li, Petros Stathis

The purpose of this paper is to examine the many factors that affect the leverage decisions of publicly traded Australian companies, and tests to see whether these factors are…

Managerial incentives, R&D investments and cash flows

Liqiang Chen

The purpose of this paper is to investigate how managerial risk-taking incentives affect the sensitivity of R&D investments to the availability of a firm’s internal finance.

Fair value, equity cash flow and project finance valuation: ambiguities and a solution

Krzysztof Jackowicz, Paweł Mielcarz, Paweł Wnuczak

The literature on project finance appraisal contains several ambiguities mainly concerning the correct method of equity cash flow (ECF) determination. This vagueness can lead to…

Information sources and investing decisions – a path modeling approach

Mohammad Tariqul Islam Khan, Siow-Hooi Tan, Lee-Lee Chong

Given the special feature of institutional investors in Malaysia, the purpose of this paper is to explore how these investors acquire and employ different information sources in…