... 03 2026 24 03 2026 © Emerald Publishing Limited 2026 Emerald Publishing Limited Licensed re-use rights only Capital budgeting techniques Dual discount rates Investment outlays Net present value (NPV) Systematic risk Weighted average cost of capital (WACC) G31...

... Corporate governance Managerial discretion G34 G31 M12 Economic crises present critical tests of corporate leadership. Faced with heightened uncertainty and financial pressure, firms often reduce investment during economic downturns to preserve liquidity and manage risk (Campello et...

... Emerald Publishing Limited 2025 Emerald Publishing Limited Licensed re-use rights only Economic policy uncertainty Corporate innovation Firm behavior Text analysis Innovation culture D80 G31 O31 O33 Corporate innovation is a critical driver of long-term economic growth...

... generated important insights from different disciplines, including corporate finance and strategic management. G31 G32 Investment horizon Capital structure Pecking order theory COVID-19 Second, we introduce investment horizon as a determinant of capital structure, expanding...

... only Equity mispricing Japanese firms Risk-return parameters Investment transformation Panel data G10 G31 G32 Recent studies have examined the association between investment transformation, economic growth, and stock returns. Two recent examples from Ni et al. (2023...

... rights only Cost of debt S&P 500 Index composition Corporate debt Finance Financial markets G31 G14 Matthew Faulkner can be contacted at: matthew.faulkner@sjsu.edu 07 04 2024 18 10 2024 17 12 2024 18 12 2024 Table 1 Descriptive statistics...

... 04 2023 20 08 2023 05 02 2024 14 06 2024 17 07 2024 © Emerald Publishing Limited 2024 Emerald Publishing Limited Licensed re-use rights only Corporate investment Bankruptcy law Corporate distress Investment sensitivity G31 G33 K22 Developed...

... Working capital management Initial public offering Liquidity Financial management G31 G32 By going public, initial public offering (IPO) firms reduce information asymmetries and gain greater access to financial markets (Berger and Udell, 1998 ; Pagano et al., 1998 ; Brav, 2009...

... 04 10 2021 21 06 2022 04 07 2022 © Emerald Publishing Limited 2022 Emerald Publishing Limited Licensed re-use rights only Macroeconomic exposure Investment efficiency Corporate diversification E44 G31 M41 In the context of investing, “bellwether” refers...

... Investment efficiency Overinvestment Agency theory Intangible assets Cash holdings G30 G31 M40 The free cash flow theory argues that managers are not willing to distribute cash to shareholders even when the firm has it in excess of what is required to fund all positive net present value...

... Intangible assets Financial constraint G31 G32 Figure 2 Proportion of intangible assets over time Over the last few decades, both the proportion of firms offering trade credit and the proportion of receivables on firms' balance sheets have declined steadily (Bates et al., 2009...

... G30 G31 G32 The impact of leverage on firm performance remains an extensively debated and controversial issue, both among policymakers and researchers [1] . Modigliani and Miller's (1958 , 1963) seminal findings on capital structure continue to play a fundamental role in modern...

.... Capital asset pricing model Capital budgeting Chaebol Cost of capital Risk factor Survey data G31 Korea is a strong player in the global economy, boasting the 11th largest stock market capitalization in the world by total dollars at the end of 2018 [1] , and it has some unique...

... of FO on the association between FRQ and IE. Financial reporting quality Family ownership Investment efficiency G3 G31 M41 Family-controlled business (FC) governs the corporate landscape [1] , discussion on strategic decisions related to corporate finance, and accounting...

... sample of 115 firms. Shekar Shetty can be contacted at: shetty.s@gust.edu.kw 04 09 2017 14 12 2017 21 05 2018 23 07 2018 Oil price shocks Capital spending G31 G39 A sharp drop in the price of West Texas Intermediate (WTI) from about $100 a barrel...

... Kolari can be contacted at: j-kolari@tamu.edu 06 09 2017 09 11 2017 © Emerald Publishing Limited 2018 Emerald Publishing Limited Licensed re-use rights only Corporate finance Financial leverage Firm valuation Interest tax deductions Interest tax shields G12 G31...

... Publishing Limited Licensed re-use rights only Net present value Inflation-adjusted return Internal rate of return Modified internal rate of return Purchasing power return G30 G31 Another difficulty is forecasting an accurate percentage return if they do determine a particular usage...

... that may lead to significant contributions to the literature. Originality/value This paper provides the first comprehensive review of the post-crisis corporate finance literature in Korea. Hongbok Lee can be contacted at: H-lee@wiu.edu G21 G31 G32 G34 G35 In recent years...

... Managerial education g12 g14 g31 g34 Hsiu-Jung Tsai can be contacted at: sharon@nkfust.edu.tw 15 03 2017 22 07 2017 09 09 2017 In contrast, the organizational legitimacy hypothesis predicts that the wealth effect associated with the announcements of investment...

... g31 This study focuses on the extension, or offering, of trade credit as a part of normal business operations. Because we choose to focus on the offering side of trade credit, we also use the term “receivables” interchangeably as it refers to the portion of accounts receivable...