Managerial Finance: Volume 46 Issue 9

Geographical proximity and value of corporate cash holdings

Darshana D. Palkar, Randi L. Sims, Emre Kuvvet

In this paper, the authors examine the association between a firm's geographical location and the value of its cash holdings.

Agency problems and the value of advertising expenditures in an emerging market: role of product market competition

Omar Farooq, Zakir Pashayev

This paper documents the impact of product market competition on the value of advertising expenditures.

Company–customer conflicts and ethical decision-making of life insurance agents: the role of ethics institutionalization

Lu-Ming Tseng

For the financial service industry, company–customer conflict is a topic that deserves special attention. This study explores the impacts of ethics institutionalization on the…

Noise trading and stock market bubbles: what the derivatives market is telling us

Scott B. Beyer, J. Christopher Hughen, Robert A. Kunkel

The authors examine the relation between noise trading in equity markets and stochastic volatility by estimating a two-factor jump diffusion model. Their analysis shows that…

The status quo and the investment decisions

Sana EL Harbi, Oumeima Toumia

This article investigates the influence of status quo bias (SQB) on venture capital investments.

Do sentimental investors price rational information? Evidence from the Boston Celtics

Kelly Carter

Much evidence exists that rational investors factor rational information into their valuation of shares. This paper aims to examine whether sentimental investors do the same.