Managerial Finance: Volume 44 Issue 2

Comparative value relevance of accounting information among Asian countries: Focusing on Korea, Japan, and China

Gee-Jung Kwon

The purpose of this paper is to compare the value relevance of various accounting information disclosed in financial statements of manufacturing companies listed on the stock…

Quality investing in the Indian stock market

Vaibhav Lalwani, Madhumita Chakraborty

The purpose of this paper is to explore whether stock selection strategies based on four fundamental quality indicators can generate superior returns compared to overall market.

Did the Sarbanes-Oxley Act result in a strategic shift in M&A motives?

Harjeet S. Bhabra, Ashrafee T. Hossain

The purpose of this paper is to examine whether or not the seminal legislation called the Sarbanes-Oxley Act (SOX) influenced a strategic shift in the merger and acquisition (M&A…

Market timing and pseudo market timing: an empirical examination of IPOs in India

Kavita Wadhwa, Sudhakara Reddy Syamala

The purpose of this paper is to examine the impact of market timing and pseudo market timing on equity issuance decisions of IPOs in an emerging economy – India. Indian new issues…

Politics in banking: does political party control impact bank risk and return?

Alex Fayman, Ling T. He, K. Michael Casey

The purpose of this paper is to investigate the potential impact of political party control on bank profitability and risk. This study extends previous work by looking at overall…

US Table Tennis Association: A case study of financial performance using effectiveness indicators and efficiency ratios

Peter Omondi-Ochieng

The purpose of this paper is to examine the 2004-2015 financial performance (FP) of the national non-profit US Table Tennis Association using financial effectiveness (FE…

Product market competition, cash flow and corporate investments

Hussein Ali Ahmad Abdoh, Oscar Varela

The purpose of this paper is to examine the effects of product market competition on capital spending (investments) financed by cash flow (CF), and the role of financial…

Corporate governance structure and strategic change: evidence from major acquisitions

Seung Hee Choi, Samuel H. Szewczyk

When major reallocations of the firm’s assets are necessary, a balance in the corporate governance structure favoring the CEO can be a necessary condition for planning and…

Purchasing power return, a new paradigm of capital investment appraisal

David DeBoeuf, Hongbok Lee, Don Johnson, Maksim Masharuev

The purpose of this paper is to contribute to financial managers’ capital budgeting decision-making processes by proposing a new paradigm of capital investment appraisal. The…

The information content of an increase in federal funds rate from a zero lower bound environment

Violeta Diaz, Harikumar Sankaran, Subramanian Rama Iyer

After a seven-year period of being stuck in the zero lower bound (ZLB) range, the target rate was raised by 25 basis points on December 16, 2015. Prior to the rate hike, the…

Reference points and method of payment in mergers

Inga Chira, Jeff Madura

The purpose of this paper is to examine the impact of the target and bidder reference points on the method of payment in mergers. When considering initial and final results for…