Design of firm‐specific training in an agency relationship: Who should take the initiative?
Sign Up to like & getrecommendations! Published in 2018 at "Managerial and Decision Economics"
DOI: 10.1002/mde.2986
Abstract: This paper considers the twofold problem of compensation contracting and the design of a human capital investment scheme. Before contracting, the principal and the agent can engage in a joint stochastic production process of exerting… read more here.
Keywords: specific training; firm; training agency; firm specific ... See more keywords
Detecting which firm-specific characteristics impact market-oriented R&D
Sign Up to like & getrecommendations! Published in 2018 at "Empirical Economics"
DOI: 10.1007/s00181-017-1340-4
Abstract: This paper investigates which firm-specific characteristics lead multinational enterprises (MNEs) to increase their R&D expenditure in host countries as a way of expanding their business into local markets (market-oriented R&D). The literature that addresses this… read more here.
Keywords: market; specific characteristics; firm specific; market oriented ... See more keywords
Do open-market stock repurchases convey firm-specific or industry-wide information? Evidence from REITs
Sign Up to like & getrecommendations! Published in 2018 at "Journal of Economics and Finance"
DOI: 10.1007/s12197-018-9463-9
Abstract: This study examines the extent of firm-specific and industry-level information conveyed in open-market stock repurchases announced by REITs. We measure information revealed in open-market stock repurchase announcements using stock return and decompose the stock return… read more here.
Keywords: firm specific; stock; open market; specific industry ... See more keywords
Investment, firm-specific uncertainty, and market power in South Africa
Sign Up to like & getrecommendations! Published in 2020 at "Economic Modelling"
DOI: 10.1016/j.econmod.2020.03.021
Abstract: Abstract We examine the role of firms’ market power in affecting the link between firm-specific uncertainty and corporate investment decisions in a small open economy with a pronounced degree of concentration and mark-ups. Using firm-level… read more here.
Keywords: uncertainty; investment; market power; market ... See more keywords
Firm-specific investor sentiment and stock price crash risk
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DOI: 10.1016/j.frl.2020.101442
Abstract: Abstract This study investigates the impact of firm-specific investor sentiment on stock price crash risk. To achieve this goal, we first develop a firm-specific investor sentiment index. Based on the sentiment index, we conduct empirical… read more here.
Keywords: crash risk; investor sentiment; sentiment; firm specific ... See more keywords
Investment, firm-specific uncertainty, and financial flexibility
Sign Up to like & getrecommendations! Published in 2021 at "Journal of Economic Behavior and Organization"
DOI: 10.1016/j.jebo.2021.09.042
Abstract: Abstract We study how financial flexibility impacts on firm's investment decisions under uncertainty. We use a comprehensive dataset covering US firms for the period 1983–2019. We develop a baseline model of investment under uncertainty and… read more here.
Keywords: investment firm; financial flexibility; uncertainty; flexibility ... See more keywords
Credit derivatives and stock return synchronicity
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DOI: 10.1016/j.jfs.2016.12.006
Abstract: The role of credit default swaps (CDS) in the 2008 financial crisis has been widely debated among regulators, investors, and researchers. While CDS were blamed for destabilizing the financial system, they remain effective tools for… read more here.
Keywords: credit; synchronicity; stock return; firm specific ... See more keywords
Firm-specific investor sentiment, stock price synchronicity, and crash risk
Sign Up to like & getrecommendations! Published in 2021 at "Applied Economics Letters"
DOI: 10.1080/13504851.2021.1991562
Abstract: This article investigates the impact of firm-specific investor sentiment on stock price synchronicity and further examines the relationship between stock price synchronicity and crash risk. By anal... read more here.
Keywords: price synchronicity; firm specific; stock price;
Did outside directors’ firm-specific accumulated knowledge benefit the firm’s stock performance during COVID-19?
Sign Up to like & getrecommendations! Published in 2023 at "Australian Journal of Management"
DOI: 10.1177/03128962231166831
Abstract: We examine whether outside directors’ firm-specific accumulated knowledge in the forms of human and internal social capital benefitted the firm during COVID-19. Using a sample of 754 US firms during the COVID-19 collapse period, we… read more here.
Keywords: specific accumulated; firm specific; outside directors; directors firm ... See more keywords
Firm-specific Parameters and Earnings Management: A Study in the Indian Context
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DOI: 10.1177/0972150918788748
Abstract: This article examines the factors that influence the accrual-based earnings management (AM) and real earnings management (RM) in the Indian context. Different firm-specific parameters as determinants of AM and RM are examined using panel data… read more here.
Keywords: specific parameters; firm; firm specific; indian context ... See more keywords
Firm-Specific Worker Incentives, Employee Retention, and Wage–Tenure Slopes
Sign Up to like & getrecommendations! Published in 2020 at "Organization Science"
DOI: 10.1287/orsc.2020.1393
Abstract: Strategy scholars have long studied the strategic implications of firm-specific human capital but have almost completely ignored their conceptual dual: firm-specific worker incentives. This paper p... read more here.
Keywords: incentives employee; worker incentives; firm; specific worker ... See more keywords