... only IPO Payout Venture capital Dividend Share repurchase Innovation C35 G32 G31 Maher Kooli can be contacted at: kooli.maher@uqam.ca 18 02 2026 07 04 2026 15 04 2026 A central theme in the payout literature is the trade-off between distributing...

... constraints Managerial characteristics Managerial incentives Organizational capital Innovation Real option intensity G30 G31 O3 Organizational ambidexterity (AMBI) refers to a firm's ability to balance between exploring new opportunities and exploiting existing capabilities (March, 1991...

... Belief formation Corporate investment Investment-cash flow sensitivities Politics and corporate behavior D83 G31 G38 G40 H32 Corporate investment decisions are shaped not only by firm fundamentals but also by how executives perceive the broader economic and policy environment. Even...

.... Accounting disclosure Market microstructure Individual investors' trading G14 G31 M41 The debate on how individual investors respond to accounting disclosures is ongoing. One stream of research portrays individual investors as “noise” or unsophisticated traders who drive stock prices away from...

... 01 2024 27 04 2024 03 05 2024 © Emerald Publishing Limited 2024 Emerald Publishing Limited Licensed re-use rights only Working capital management Product market fluidity Cash conversion cycle Components of working capital M41 G30 G31 This study...

... 2023 © Emerald Publishing Limited 2023 Emerald Publishing Limited Licensed re-use rights only Asymmetric Inventory Investment Oil price uncertainty G31 Q40 One of the central themes in the oil price uncertainty (OPU) literature is to examine its impact on corporate...

... equations (2) through (4) (presented in section 3.2). Policy-risk-induced equity return Leverage target Speed of adjustment Chinese firms G31 G38 The approach adopted in this study has four advantages. It serves as a bridge that bonds the asset pricing implications of EPU and corporate...

... Uncollateralized debt G31 G32 The ultimate goal of any corporation is to maximize its stockholders' interests. To this end, firms need to make judicious investments with low-cost funds, as a result, the provision of low-cost financial resources is the main condition for yielding profit and improving...

... Emerald Publishing Limited Licensed re-use rights only G30 G31 This study examines whether and how CEO financial expertise affects corporate decision-making in the presence of strong political intervention. CEO characteristics, such as age, talents, behavioural and managerial traits...

... Emerald Publishing Limited 2021 Emerald Publishing Limited Licensed re-use rights only Corporate risk-taking Long-term credit ratings Short-term credit ratings Subordinate ratings Categorical regressions G24 G31 G32 Modern managerial finance theories widely recognize...

... 05 2020 15 05 2020 © Emerald Publishing Limited 2020 Emerald Publishing Limited Licensed re-use rights only Tax risk Tax reform Uncertainty Investment timing Reform duration G31 E62 D81 Taxes are often viewed as statutory business obligations...

... 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...

... the financial crisis, while the extent of tangible assets on the balance sheet has no association with leverage. Financial crisis Leverage Capital structure Icelandic private firms Internally generated funds G31 G32 G34 Flannery and Rangan (2006) and Strebulaev (2007) propose...

... MCMM as: Bankruptcy costs WACC Financial flexibility Debt management Risky debt Tax shield G30 G31 G32 G33 In a seminal paper, Modigliani and Miller (1959) showed that the use of debt financing can increase the market value of a firm as a consequence of the debt tax shield...

... Business groups Corporate cash holding G21 G23 G31 G34 Cash is the lifeline of a firm. Firms accumulate cash for their transaction, precautionary and speculative motives to avoid costly external financing (Habib and Hasan, 2017 ; Chauhan et al., 2018 ; Al-dhamari and Ku Ismail...

... only Dividends Business group Consistency Crisis Financial constraints Cash-flow uncertainty G21 G23 G31 G34 The rest of the paper is organized as follows. The next section discusses the hypothesis development followed by data and variables used in the study in Section 3...

... the main empirical results. Lastly, Section 5 concludes the paper. Indonesia Firm performance Equity market Intended use of IPO proceeds Investment-to-price sensitivity Stock price informativeness C51 G14 G31 G32 This study departs from standard literature...

... propensity, access to bank credit and larger firms lead to higher investment in trade credit. Originality/value Additionally, the paper broadens the scope of the literature by analysing the determinants of net trade credit around the financial crisis and industry competitiveness. G30 G31 G32...