... explanations is essential for understanding how firms adjust investment decisions under unexpected monetary conditions. Monetary policy surprises Investment-cash flow sensitivity Cash holdings Financial investment Vietnam G31 G38 E22 E58 However, the key question is how the government...

... stakes for several years (Gompers et al., 2020 ; Iliev and Lowry, 2020 ; Dang et al., 2023). IPO Payout Venture capital Dividend Share repurchase Innovation C35 G32 G31 Implementing a payout policy is a fundamental corporate decision with potentially far...

... G30 G31 O3 Organizational ambidexterity (AMBI) refers to a firm's ability to balance between exploring new opportunities and exploiting existing capabilities (March, 1991 ; Beckman, 2006 ; Raisch and Birkinshaw, 2008 ; Lu and Wang, 2015). It is a critical strategic priority for firms...

... flow sensitivities Politics and corporate behavior D83 G31 G38 G40 H32 H1. Firms led by CEOs whose childhood hometowns are politically aligned with the current US president will exhibit stronger investment-cash flow sensitivity than firms led by non-aligned CEOs...

... i, Vol_Sh_i,k is calculated as follows [3] : Accounting disclosure Market microstructure Individual investors' trading G14 G31 M41 We contribute to the literature by investigating the joint influence of nonfinancial 8-Ks and earnings announcements...

... Banerjee can be contacted at: pbanerjee@iimidr.ac.in Working capital management Product market fluidity Cash conversion cycle Components of working capital M41 G30 G31 This study investigates the relationship between working capital management (WCM) and firms' product market...

... G31 Q40 Table 2 reports the correlations between our main variables undertaken for the study. Our preliminary findings suggest that OPU and corporate inventory investments (INVTO) share a negative relationship. Although OPU and inventory investments are negatively correlated, it could...

... j's price in t. In line with the market-timing theory, firm j issues equity. Given or reducing debt, its leverage ratio would decline in t. Policy-risk-induced equity return Leverage target Speed of adjustment Chinese firms G31 G38 Recently...

... related to future investment. Borrowing Financial performance Financial leverage Secured debt Stock issuance 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...

...@massey.ac.nz 16 12 2020 14 06 2021 27 07 2021 © Emerald Publishing Limited 2021 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...

... of how managers reach their decisions, and in particular those that affect both the short-term operations and the long-term business planning. Therefore, we aim here to explore a new aspect in this area, how different domestic issuer credit ratings affect assorted CRT measures. G24 G31 G32...

... 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...