Corporate focus versus diversification: the role of growth opportunities and cashflow

2002 ◽  
Vol 12 (3) ◽  
pp. 231-252 ◽  
Author(s):  
Stephen P Ferris ◽  
Nilanjan Sen ◽  
Chee Yeow Lim ◽  
Gillian H.H Yeo
Keyword(s):  
Growth Opportunities ◽  
Corporate Focus

Linking local business with global growth opportunities: the role of infrastructure

2016 ◽  
Vol 32 (3) ◽  
pp. 410-430 ◽  
Author(s):  
Debora Revoltella ◽  
Philipp-Bastian Brutscher ◽  
Alexandra Tsiotras ◽  
Christoph T. Weiss
Keyword(s):  
Growth Opportunities ◽  
Local Business ◽  
Global Growth

scholarly journals IMPACT OF DIVIDEND PAYOUT ON FIRM’S PERFORMANCE UNDER LOW GROWTH OPPORTUNITIES

2021 ◽  
Vol 9 (3) ◽  
pp. 1156-1165
Author(s):  
Taymoor Ali ◽  
Muhammad Kashif Khurshid ◽  
Adnan Ali Chaudhary
Keyword(s):  
Stock Exchange ◽  
Manufacturing Sector ◽  
Secondary Data ◽  
Financial Statements ◽  
Manufacturing Firms ◽  
Growth Opportunities ◽  
Dividend Payout ◽  
Relationship Of ◽  
The Relationship

Purpose of the study: The objective of the study was to investigate the relationship of the dividend payout on a firm's performance under low growth opportunities from the manufacturing sector of Pakistan. Methodology: A sample of 251 firms out of 378 manufacturing firms listed at the Pakistan Stock Exchange (PSX), have been carefully chosen for the era of ten years from 2006 to 2015. The secondary data was obtained from the firm’s web financials and analysis of financial statements, published by the statistics department of the State Bank of Pakistan. For the persistence of investigation panel data (fixed effect) analyses were employed in this study. Main Findings: The fallouts of the analysis revealed that the dividend payout ratio has an insignificant relationship with the firm's performance in the low growth perspectives of the study. Applications of this study: The findings of the study are helpful for the financial managers of the firms facing low growth opportunities. Furthermore, the investors in capital markets can use the findings of this while investing. The originality of this study: The study focussed on the role of low growth opportunities while studying the nexus of dividend pay-out and the firm’s financial performance which inherits the novelty and originality of the study.

Hierarchical financing and reality of the financial structure of Moroccan listed companies

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Firano Zakaria ◽  
Doughmi Salawa
Keyword(s):  
Stock Exchange ◽  
Financial Structure ◽  
Order Theory ◽  
Debt Ratio ◽  
Growth Opportunities ◽  
Pecking Order ◽  
Positive Role ◽  
Pecking Order Theory ◽  
Content Type

Purpose There is a wealth of literature on the financing structure of a company. For this reason, the authors considered it useful to present a theoretical and empirical literature review of classical and new theories of the financial structure. The purpose of this study is to realize on a panel of 15 nonfinancial Moroccan companies listed on the Casablanca Stock Exchange, over a period of 11 years. Design/methodology/approach The results obtained indicate that only a few variables from financial theory have an important role in the financing policy of Moroccan companies. The authors have presented the positive role of size and self-financing on the debt ratio. The analysis of the effects of profitability shows in this study that it is negative related on the debt ratio which asserts the predictions of the pecking order theory. Also, the age of the company and the growth opportunities explain the level of indebtedness. Findings Econometric analysis is used to ascertain the nature of the financial structure of listed companies. For this purpose, a large number of companies listed on the Casablanca stock exchange were used. Originality/value The authors have presented the positive role of size and self-financing on the debt ratio. Regarding the influence of profitability, this analysis shows that it is negative related on the debt ratio which asserts the predictions of the pecking order theory. Also, the age of the company and the growth opportunities explain the level of indebtedness.

scholarly journals The Mediating Role of Meaningful Work between Career Growth Opportunities and Work Engagement

2018 ◽  
Vol 8 (11) ◽  
Author(s):  
Umair Ahmed ◽  
Zainudin Bin Awang ◽  
Abu Shams Mohammad Mahmudul ◽  
Hoque Benazir Ahmed Siddiqui ◽  
Abdul Samad Dahri ◽  
...  
Keyword(s):  
Work Engagement ◽  
Meaningful Work ◽  
Growth Opportunities ◽  
Mediating Role ◽  
Career Growth

Impact Of Changes In Strategic Investments On Shareholder Returns: The Role Of Growth Opportunities

2011 ◽  
Vol 19 (1) ◽  
Author(s):  
Ashay Desai ◽  
Peter Wright ◽  
Kee H. Chung ◽  
Charlie Charoenwong
Keyword(s):  
Investment Decisions ◽  
Empirical Support ◽  
Capital Investments ◽  
Font Size ◽  
Growth Opportunities ◽  
Shareholder Returns ◽  
Strategic Investments ◽  
Managerial Decisions ◽  
Growth Opportunity

<p class="MsoNormal" style="text-align: justify; margin: 0in 0.5in 0pt;"><span style="font-family: &quot;Times New Roman&quot;,&quot;serif&quot;; font-size: 10pt;">We argue that a firm&rsquo;s growth opportunity may provide us with guidelines on whether increases or decreases in capital investments may contribute to that firm&rsquo;s returns to shareholders.<span style="mso-spacerun: yes;">&nbsp; </span>We find consistent empirical support for &ldquo;good&rdquo; managerial decisions.<span style="mso-spacerun: yes;">&nbsp; </span>That is, we find that increases in capital investments by firms with growth opportunities enhance their returns to shareholders.<span style="mso-spacerun: yes;">&nbsp; </span>The results indicate that decreases in strategic investments increase the returns to shareholders of those firms lacking in growth opportunities.<span style="mso-spacerun: yes;">&nbsp; </span>The findings, however, are not consonantally significant for &ldquo;bad&rdquo; managerial investment decisions - - decreases in investments by firms with growth opportunities or increases in investments by firms lacking in growth opportunities.</span></p>

The Role of Economic Development and Perceived Growth Opportunities in Employee Reactions to M&As

2017 ◽  
Vol 42 (2) ◽  
pp. 163-194 ◽  
Author(s):  
Samantha C. Paustian-Underdahl ◽  
Stav Fainshmidt ◽  
Juan I. Sanchez ◽  
Everlyne Misati ◽  
Yue Zhao ◽  
...  
Keyword(s):  
Economic Development ◽  
Middle Managers ◽  
Turnover Intentions ◽  
Employee Attitudes ◽  
Growth Opportunities ◽  
Stress Theory ◽  
Country Level ◽  
Advanced Economies ◽  
Employee Reactions

We draw on the economic institutions literature and on transactional stress theory to explain differences in employee reactions to mergers and acquisitions (M&As) across 29 nations. Using a sample of 10,803 middle managers and executives, we find that country-level economic development moderates the effects of an M&A on employee attitudes and outcomes. Unlike in more advanced economies where M&As are associated with a reduction in perceived growth opportunities among employees, in less advanced economies, M&As are associated with increased perceptions of growth opportunities. These perceived growth opportunities post-M&A are associated with positive employee outcomes such as work–life balance, job satisfaction, organizational satisfaction, and reduced turnover intentions. Our results highlight the role that growth opportunities and the economic context play in harnessing human capital after an M&A.

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