International Journal of Managerial Finance: Volume 19 Issue 2

Manager see manager do: the impact of geographic herding on corporate social responsibility

John Nofsinger, Fernando M. Patterson, Corey Shank

The authors examine how local firms, regardless of industry, influence each other's corporate policies. The authors argue that there are two motives for why local firms may have…

Do analysts cater to investor information demand?

Benjamin Jansen, Md Miran Hossain, Jon Taylor

The purpose of the study is to examine whether analyst coverage responds to changes in investor information demand for a firm and to test whether certain investor or firm…

Executive compensation linked to corporate social responsibility and firm risk

Lucia Gao, Shahbaz Sheikh, Hong Zhou

The purpose of this study is to empirically examine the relationship between executive compensation linked to corporate social responsibility (CSR) and firm risk. It also explores…

Effect of debt structure concentration on the investment–cash flow sensitivity of Brazilian companies

João Paulo Augusto Eça, Wilson Tarantin Júnior, Maurício Ribeiro do Valle

This paper aims to analyze whether a relationship exists between the debt structure concentration and investment–cash flow sensitivity of Brazilian companies.

Does gold–platinum price ratio predict stock returns? International evidence

Dezhong Xu, Bin Li, Tarlok Singh

The purpose of this study is to investigate the relationship between gold–platinum price ratio (GP) and stock returns in international stock markets. The study addresses three…

Bank stock valuation theories: do they explain prices based on theories?

Ken-Yien Leong, Mohamed Ariff, Zarei Alireza, M. Ishaq Bhatti

The objective of this paper is to investigate the validity of stock valuation theories and their forecasting ability by conducting an empirical study. It employs four most…

The impact of hiring local managers on foreign venture capital performance: evidence from China

Wanyi Chen, Qingchuan Hou, Gary Tian, Lanfang Wang

This study examines whether recruitment of local managers helps foreign venture capital (VC) firms mitigate the liability of foreignness measured by cultural differences and…

Responses in divergence of opinion to earnings announcements: evidence from American depository receipts

Fanglin Shen, Quantong Guo, Hongyan Liang, Zilong Liu

The purpose of this paper is to investigate the relationship between investors' divergence of opinions and the asset prices of foreign stocks and also examine the effect of home…

Options trading prior to takeover rumors

Hamed Khadivar, Frederick Davis, Thomas Walker

In this paper, the authors examine options trading in firms that soon become rumored takeover targets. This study also examines whether measures of informed trading can predict…

Stock return synchronicity in a weak information environment: evidence from African markets

Anthony Kyiu, Edward Jones, Hao Li

This study investigates the level of stock return synchronicity in African markets with the aim of establishing whether, contrary to conventional wisdom, stock return…