Managerial Finance: Volume 45 Issue 4

The performance of equity unit investment trusts

George Comer, Javier Rodriguez

The purpose of this paper is to examine the risk adjusted performance of unit investment trusts (UITs). These UITs are a unique investment vehicle in that the trusts invest in a…

International evidence on the determinants of trade credit provision

Matt Hill, Katerina Hill, Lorenzo Preve, Virginia Sarria-Allende

The purpose of this paper is to examine whether the level of financial credit available in a country influences the level of trade credit provided to customers.

Do IPO filing prices reflect firm quality?

Jaclyn J. Beierlein, James Nelson

Prior research suggests that institutional investors prefer higher priced stock, while individual investors prefer lower priced stock. The purpose of this paper is to examine…

Financial reporting quality, family ownership, and investment efficiency: An empirical investigation

Faisal Shahzad, Ijaz Ur Rehman, Sisira Colombage, Faisal Nawaz

The purpose of this paper is to empirically investigate the impact of two monitoring mechanisms: family ownership (FO) and financial reporting quality (FRQ) on investment…

Business uncertainty and financial leverage: should the firm double up on risk?

Khaled Elkhal

The purpose of this paper is to examine the nature of the relationship between business risk and financial leverage. While past theoretical and empirical studies on this topic use…

Mergers and acquisitions: implications for acquirers’ market risk

Sailesh Tanna, Ibrahim Yousef

The purpose of this paper is to investigate the impact of mergers and acquisitions (M&As) on acquiring company systematic risk using a global sample of 34,221 completed deals that…

Underpricing in the cryptocurrency world: evidence from initial coin offerings

Thomas Heine Felix, Henk von Eije

The purpose of this paper is to analyze underpricing in initial coin offerings (ICO). It bridges the gap between findings in initial public offering (IPO) literature and empirical…