Research in behavioral corporate finance takes two distinct approaches. The first emphasizes that investors are less than fully rational. It views managerial financing and investment decisions as rati
This study examines family firms listed on China’s A-share market, using a two-way fixed effects model to explore the impact of ownership succession on debt financing and the moderating role of the in
Poniższy raport przedstawia analizę długoterminowych decyzji finansowych przedsiębiorstwa w oparciu o wskaźnik rentowności sprzedaży. Wykonane obliczenia wskazują kierunki działań w inwestycjach
We investigate how a combination of limited liability and preexisting debt distort firms investment and equity payout decisions. We show that equity holders have incentives to double-sell cash flows i