Stockholder returns and international acquisitions of financial firms: An emphasis on banking

1996 ◽  
Vol 10 (2) ◽  
pp. 163-180 ◽  
Author(s):  
Sylvia C. Hudgins ◽  
Bruce Seifert
Keyword(s):  
International Acquisitions ◽  
Financial Firms ◽  
Stockholder Returns

Role of Credit Rating in determining Capital structure: Evidence from Non-Financial sector of Pakistan

2020 ◽  
Vol 38 (3) ◽  
Author(s):  
Shoaib Ali ◽  
Imran Yousaf ◽  
Muhammad Naveed
Keyword(s):  
Capital Structure ◽  
Credit Rating ◽  
Least Square ◽  
Annual Data ◽  
Leverage Ratio ◽  
Financial Decisions ◽  
Financial Firms ◽  
High Level ◽  
The Impact ◽  
The Capital Structure

This paper aims to examine the impact of external credit ratings on the financial decisions of the firms in Pakistan.  This study uses the annual data of 70 non-financial firms for the period 2012-2018. It uses ordinary least square (OLS) to estimate the impact of credit rating on capital structure. The results show that rated firm has a high level of leverage. Moreover, Profitability and tanagability are also found to be a significantly negative determinant of the capital structure, whereas, size of the firm has a significant positive relationship with the capital structure of the firm.  Besides, there exists a non-linear relationship between the credit rating and the capital structure. The rated firms have higher leverage as compared to the non-rated firms. The high and low rated firms have a low level of leverage, while mid rated firms have a higher leverage ratio. The finding of the study have practical implications for the manager; they can have easier access to the financial market by just having a credit rating no matter high or low. Policymakers must stress upon the rating agencies to keep improving themselves as their rating severs as the measure to judge the creditworthiness of the firm by both the investors and management as well.

Effect of Enterprise Risk Management on Firm Value: Empirical Evidence from Non-Financial Firms in Pakistan

GIS Business ◽  
1970 ◽  
Vol 13 (2) ◽  
pp. 15-28
Author(s):  
Nouman Nasir
Keyword(s):  
Risk Management ◽  
Firm Value ◽  
Positive Impact ◽  
Stock Exchange ◽  
Enterprise Risk Management ◽  
Least Square ◽  
Return On Equity ◽  
Financial Firms ◽  
Enterprise Risk ◽  
Ordinary Least Square Regression

This research examines the effect of enterprise risk management on firm value in Pakistan. Further, this study empirically examines company characteristics that establish the execution of an enterprise risk management system. Using a sample of final dataset of 83 non-financial firms located in Pakistan. The sample included non-financial firms from the year 1999 to 2015 and so up to seventeen observation years per company. As in context of Pakistan, most of the organizations are already implement an ERM programs and establish specialized ERM departments because the ERM is now a global term and has become increasingly relevant because of the growing difficulty of risk and an additional development of regulatory frame works. For the empirical evidences, data collected from non-financial firms listed at the Pakistan Stock Exchange (PSX). Results of logistic regression shows that Capital Opacity, Profitability, Financial Leverage, Firm Size and Slack have positive impact on the implementation of an ERM system but Industrial diversification, Industry and Return on Equity are negatively related to an ERM engagement. The results of ordinary least square regression finds positive relationship between use of an ERM and firm value.

Information Asymmetry around Operational Loss Announcements in U.S. Financial Firms

2011 ◽  
Author(s):  
Ahmed Barakat ◽  
Anna Chernobai ◽  
Mark Wahrenburg
Keyword(s):  
Information Asymmetry ◽  
Financial Firms

Capital Structure and Profitability of Selected Listed Non-Financial Firms in Ghana

2013 ◽  
Author(s):  
Anthony Hercules Turkson ◽  
Isaac Aggrey Fyn ◽  
Augustina Sackle Sarkey ◽  
James Kwesi Ansah
Keyword(s):  
Capital Structure ◽  
Financial Firms

Size and Value Risk in Financial Firms

2013 ◽  
Author(s):  
Seungho Baek ◽  
John F. O. Bilson
Keyword(s):  
Financial Firms

International Acquisitions: The Key to Success in the Experience of Italian Companies

2001 ◽  
Author(s):  
Valter Conca ◽  
Gianluca Colombo
Keyword(s):  
International Acquisitions

The Financial Assets of Non-Financial Firms

2020 ◽  
Author(s):  
Olivier Darmouni ◽  
Lira Mota
Keyword(s):  
Financial Assets ◽  
Financial Firms

Hoarding Bad News: When Non-financial Firms Hold Financial Assets

2020 ◽  
Author(s):  
Xiaoran Ni ◽  
Yuchao Peng ◽  
Ji Shen
Keyword(s):  
Bad News ◽  
Financial Assets ◽  
Financial Firms
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