Managerial Finance: Volume 49 Issue 8

The impact of mergers and acquisitions on shareholders' value: an empirical study of pharmaceutical companies

Gimede Gigante, Andrea Cerri, Giuseppe Leone

This research investigates the effect of mergers and acquisition (M&A) transactions in the pharmaceutical sector. The study assesses the short-term value creation or destruction…

An analysis of customer-based and supplier-based trade credit gaps

Haowen Luo, Steven A. Hanke, Hui Hanke

This paper aims to examine the customer-based and supplier-based trade credit gaps for USA firms from 1970 to 2020.

Banks' risk taking in credit decisions: influences of loan officers' personality traits and financial risk preference versus bank-contextual factors

Magnus Jansson, Magnus Roos, Tommy Gärling

This paper aims to investigate whether loan officers' risk taking in credit decisions are associated with their personal financial risk preference and personality traits or solely…

The differential pricing of cash flows and total accruals

Wael Mostafa

Recent studies on the securities market's differential pricing of earnings components indicate that cash flows from operations are valued more highly than extreme total accruals…

The effect of diversification on company value during a global health crisis: evidence from the COVID-19 pandemic

Niklas Fruehling, Hans-Martin Beyer, Anna Goeddeke

The authors study the valuation effect of corporate diversification in the initial phase of the COVID-19 pandemic in 2020 in Europe.

Asymmetric impact of investor sentiment and media coverage news on bitcoin returns

Nader Naifar, Sohale Altamimi

This paper investigates the impact of global sentiment and various coronavirus disease 2019 (COVID-19)-related media coverage news (Media-Hype index; Panic Index; Media Coverage…

Do financial constraints moderate the relationship between CEO compensation and firm performance: an emerging market evidence

Muhammad Farooq, Muhammad Imran Khan, Amna Noor

The current study aims to investigate the impact of firm performance on chief executive officer (CEO) remuneration in the context of an emerging market, i.e. Pakistan. Further…