Keywords: E22
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Journal Articles
Journal Articles
International Journal of Managerial Finance (2026) 22 (1): 1–24.
Published: 19 November 2025
... Licensed re-use rights only Risk shifting Covenant violation Financial distress Investment D81 E22 G11 G32 Shareholders have a residual claim on the cash flows and assets of the firm and hence bear the risk of these claims as well. Creditors, entitled to fixed cash flows...
Journal Articles
International Journal of Managerial Finance (2020) 16 (5): 645–671.
Published: 16 April 2020
... market competition Crude oil price uncertainty Corporate investment Asymmetric effects D40 Q43 G31 C23 E22 Most investment expenditures are at least partly irreversible, that is, there is a cost of reducing capital. As a result, the irreversibility of investment and the uncertainty...

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