排序方式: 共有6条查询结果,搜索用时 15 毫秒
1
1.
The authors examine whether firm corporate governance (CG) contributes to lower stock-return volatility. Using the panel data of 1,252 public listed firms in Asia across 11 countries for 15 years, the authors document international evidence that CG has a stabilizing effect on firm stock-return volatility. The authors further examine whether increasing information efficiency, reducing foreign exposure, and a lower cost of capital contribute to the stabilizing effect of firm CG on stock-return volatility. The result implies that better CG will only reduce stock-return volatility for firms that have less foreign exposure. 相似文献
2.
3.
4.
Rubi Ahmad Oyebola Fatima Etudaiye-Muhtar Bolaji Tunde Matemilola Amin Noordin Bany-Ariffin 《Portuguese Economic Journal》2016,15(3):199-214
Emerging and frontier markets in Africa have witnessed various economic and financial reforms aimed at integrating the domestic markets into the global financial market to attract investment. Whether these reforms promote high economic growth remains inconclusive. The paper applies the pooled mean group estimation technique to empirically re-investigate the link between financial market development, global financial crisis, and economic growth in selected African economies. The results strongly support our hypotheses that stock market and banking sector development promotes economic growth in the selected countries. Moreover, financial crisis reduce the positive effects of both the stock market and banking sector developments on economic growth. The study suggests that both the banking sector and stock market are important to deliver the long-run economic growth that the African region desired. Moreover, effort should be made to enact policy measures that would ensure development of the stock market which has received inadequate attention. 相似文献
5.
This paper investigates factors that influenced the position of managements of UK-listed companies in the heated debate that surrrounded proposals for a new standard on goodwill accounting, i.e. the factors influencing whether managements preferred immediate write-off or capitalisation-based approaches. The factors investigated are derived from contracting cost theory, and include those associated with debt covenant restrictions and profit- based management schemes. They also include non-agency contracting costs. A key feature of the design is that, compared to prior research, we specify more rigorously circumstances where such contracting cost effects are, or are not, likely to be binding. In addition, the paper investigates the effects on management preferences of their beliefs about revisions in market perceptions of their companies resulting from changes in goodwill accounting. Our results support certain contracting cost-based hypotheses, but they also indicate that management beliefs about changes in market perceptions of their companies constitute a strong influence on their preferences. 相似文献
6.
Fauziah Noordin Trevor Williams Catherine Zimmer 《International Journal of Human Resource Management》2013,24(1):35-54
A comparative study of Malaysian and Australian managers used the Carson and Bedeian multidimensional career commitment measure and the individualism-collectivism scale developed by Singelis et al . (1995) in a survey to test the hypothesis that career commitment is likely to be higher in individualistic than in collectivistic cultures. Malaysian managers were more collectivistic but also more vertically individualistic than Australian managers, and the two groups differed only in their levels of career resilience commitment and were not significantly different in career identity and career planning commitment. These results may reflect a shift from collectivism towards individualism with Malaysia's economic development, but collectivism may also be adapting to economic development and social change and the findings add weight to recent criticism of accepted conceptualizations of cultures. 相似文献
1