International Journal of Managerial Finance: Volume 19 Issue 5

Risk mitigation effect of foreign debt: evidence from loan pricing

Yane Chandera

The author examines the presence of foreign currency effects and the risk-mitigation channel through which a foreign-currency denomination reduces the loan spread.

Clustering of percentage gross spreads and the avoidance of underwriter switching

Chin-Chong Lee, Shaw Warn Too, Kuan San Ooi

Both issuing firms and underwriters shall benefit from the associations in underwriting contracts for seasoned equity offerings (SEOs). Issuing firms that are offered underwriting…

Testing of coherence between monetary policy stimulus, financial flexibility and profitability of manufacturing firms

Ajaya Kumar Panda, Swagatika Nanda, Apoorva Hegde

This paper aims to empirically investigate the evidence of the transmission of monetary policy impulses to firm profitability via manufacturing firms’ short-term and long-term…

Earnings management and underperformance after seasoned equity offerings: a cross-country study

Solomon Opare, Muhammad Houqe, Tony van Zijl

This purpose of this study is to examine the association between earnings management (accruals earnings management (AEM) and/or real activities manipulation (RAM)) and firm…

Executive pay disparity and cost of debt financing

Hsin-I Chou, Xiaofei Pan, Jing Zhao

This paper aims to examine the relationship between executive pay disparity and the cost of debt.

CEO marital status and capital allocation efficiency

Md Noman Hossain, Md Nazmul Hasan Bhuyan

The extant literature provides evidence that single CEOs are less risk-averse. Building on the theory of risk aversion, the authors argue that the risk aversion trait arising from…

Investigation of the multi-layers of imprinting on corporate working capital management

Zagdbazar Davaadorj, Bolortuya Enkhtaivan, Jamie Weathers

The paper aims to investigate the imprinting effect on working capital (WC) management as higher-level managers' transition to chief executive officer (CEO) positions. This paper…

Is this rating worth it? The benefits of credit ratings in the dynamic tradeoff model

Karolina Krystyniak, Viktoriya Staneva

This study seeks to identify the main determinants of the optimal capital structure by reexamining the interpretation of the conventional set of explanatory variables used as…

Bankruptcy law, creditors' rights and dividend policy: evidence from a quasi-natural experiment

Nemiraja Jadiyappa, Ram Kumar Kakani

The purpose of this paper is to examine how changes in creditors' rights affect the dividend policy behavior of corporate firms.

Signaling or tunneling: the dividend policies of Chinese ADRs listed in the US

Kevin M. Zhao

This study tests the signaling and tunneling models of dividend policies by examining the relationship between the ownership structure and the dividend payout in a setting where…