Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
Results
Showing 1 to 20 of 20 for “"Firm-specific factors"”.
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The impact of firm-specific factors on the cross- sectional variation in Johannesburg security exchange listed equity returns
… of technical and fundamental (referred to as firm-specific) factors on the cross-sectional variation in equity returns on the Johannesburg Securities Exchange (JSE). Three approaches to address this objective were identified through an extensive literature study covering more than half a …
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Firm-specific determinants of FDI: an investigation of the Triad companies
… of a range of variables related to the firm-specific interest of multinational corporations. This thesis presents an examination of foreign direct investment behaviour of the Triad countries’ firms from the firm-specific factors point of view using a large panel data covering 1985-2011. …
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Corporate Governance in Multinational Corporations: Aligning the Interests of Subsidiaries and Headquarters
… adopted by a subsidiary depends on two factors. The first factor is the expected benefits of the corporate governance relationship that the bundle represents, and the second factor is the cost benefit tradeoffs among corporate governance mechanisms that can be used in the bundle. …
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The determinants of microfinance institutions’ capital structure around the world
… structure. Secondly, the role of standard firm-specific and institutional-specific factors in determining MFIs capital structure decision is unclear. Utilizing an alternative regression framework may provide a reliable analysis. Thirdly, our understanding of the composition of MFIs leverage …
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Foreign direct investment in the United States: The effects of multinational firm characteristics and local factors on the location decision
… has been done on location decisions of domestic firms, much less is known about location decisions of foreign firms. Previous work that has looked into the location considerations of FDI in this country has primarily focused on secondary data concerning particular industries or regions of FDI, or …
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Three Essays on Empirical Corporate Finance
The final essay examines how firms structure debt contracts. Debt securities differ on a number of dimensions, including quality, maturity, seniority, security, and convertibility. The empirical results suggest that there are three main types of factors that determine these features: First, …
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Corporate social responsibility disclosure: International evidence
… among European countries and within European firms and the consequences of controversial industry-based CSR disclosure on Canadian cannabis firms. In Europe, the dissertation examines how firms disclose their executive compensation design when they adopt CSR criteria for the first time, …
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Artificial Neural Networks in Stock Return Prediction: Testing Model Specification in a Global Context
… artificial neural networks which make use of firm specific fundamental and technical factors can accurately predict the returns of a sample of several large-cap stocks from various markets across the globe. This study also explores which hidden layer configuration leads to the best network …
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Essays in Macroeconomics and Finance
… the intersection of macroeconomics and finance, specifically, the implications of leasing for capital and finance allocation efficiency. I focus on operating leases, which account for a significant proportion of the overall productive physical assets used by US firms (from the asset side), and …
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The relationship between internationalisation and firm performance in South Africa: the moderating role of slack resources
Firm internationalisation has emerged as a crucial growth strategy in an increasingly globalised world. As firms strive to expand their operations beyond their home countries, they face several opportunities as well as challenges. While the effects of internationalisation on firm performance have …
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Three Essays on Corporate Governance and CEO Dismissal
… in corporate governance, CEO incentives, and firm value. The first study examines the impact of Institutional Shareholder Services (ISS) policy changes on share pledging, focusing on financially constrained (FC) firms. It finds that the 2012 prohibition on share pledging leads to a greater …
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The Firm-Specific Determinants of Capital Structure in Public Sector and Private Sector Banks in India
… it will assess the relationship between the firm-specific determinants of capital structure, based on the prevailing literature, and the capital structure of public and private sector banks in India. Secondly, it will determine whether there is a difference in the firm-specific factors that …
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Credit Default Risk and Market Risk Premium of Chinese Corporate Bonds
… and the default hazard model. Our findings confirm the robustness of three original Altman models in predicting Chinese corporate bond defaults within a one-year horizon. Re-estimating and revising these models significantly enhance predictive power and extend the forecasting horizon to three …
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Investment opportunities, agency conflicts, contracts, and the demand for audit quality.
This paper investigates the relation between a firm's investment opportunity set (IOS) and the demand for audit quality. This paper hypothesizes that a firm's IOS influences the demand for audit quality indirectly through the IOS's influence on the firm's agency costs. A firm's IOS is expected to …
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Corporate voluntary disclosures of pre-decision information
… of partial disclosure, where the manager of the firm discloses selected signals and withholds the rest. The manager may or may not receive private information which is related to both firm-specific and industry-wide common factors. The motivation for disclosure (non-disclosure) is derived from …
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The determinants and predictability of South African listed property returns
… a model which includes macroeconomic, market and firm specific factors. The empirical analysis makes use of macro-economic data and returns data of various portfolios of South African listed property stocks created based on a ranking of specific style factors. The style variables are size, …
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Financial derivatives use and firm value in East Asian non-financial firms
… that derivatives usage can enhance value of a firm by alleviating costs arising from several market imperfections, the existing evidence is not quite consistent among empirical studies up to date. The purpose of this thesis, therefore, aims to examine determinants of derivatives use, a …
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Essays in share repurchases of the UK
… and once the decision has been taken firm-specific factors strongly determine the size of the repurchase. Further, upon announcing a repurchase non-financial firms witness unexpected short-term stock price gains. The first empirical essay tests the impact of a corporate announcement …
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Country factors and the dynamic modeling of capital structure: an empirical study of latin american firms
Desenvolvemos modelos de ajuste parcial e de duration para testar a relevância de fatores específicos de países na determinação da estrutura de capital de empresas listadas nas bolsas de valores brasileira, chilena e mexicana. Utilizamos dados em painel, em um período que se estende do quarto …