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.
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Showing 1 to 16 of 16 for “"firm risk"”.
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Big Data and Firm Risk
This paper investigates the impact of firm data collection and analysis of collected data on the riskiness of firm cash flows. I use a scraped data set of the third party resources loaded on firms’ websites as a measure of firm data collection and analysis practices. I find that firm use of less …
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Cash dividend policy and firm risk : UK evidence
… influence of systematic and unsystematic risks on the relationship between the dividend payout ratio and its determinants. This influence is studied through the introduction of interaction variables between the two types of risk and dividend payout determinants. The researcher explores the …
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The impact of derivative use on firm risk and firm value. Evidence from South African non-financial firms
… it examines the effect of derivatives use on firm risk and value. The dissertation is based on a sample of 91 South African non-financial firms listed on the FTSE/JSE Africa All Share Index on the JSE over the sample period 2012 to 2016. Firm risk is measured using total risk, systematic risk …
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Three Essays on Firm Value and Firm Risk and their Relation to IT-Exposure, Corporate Social Responsibility, and Religiosity
1. IT-Exposure and Firm Value: We analyze the joint influence of a firm’s information technology (IT)-Exposure and investment behavior on firm value. Estimating a firm’s (partial) IT-Exposure allows for distinguishing between firms with a business model that is challenged by IT above and below …
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The impact of equity-based remuneration on corporate risk strategy in the Australian mining sector
… equity-based compensation influenced the risk strategy of listed Australian mining sector companies during 2004 to 2013, and whether risk strategy influenced shareholder value creation. The study had three broad objectives. The first was to identify the changes in remuneration structure …
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Small Firms in the U.S. Economy, Three Essays
This thesis studies the characteristics of small firms in the US using data from the Survey of Small Business Finances (SSBF). The first chapter examines how the owners of small firms use decisions about legal organization, firm size, capital structure, and owner investment in the firm to manage …
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Do FinTech Acquisitions Improve the Operating Performance or Risk Profiles of Acquiring Firms?
I examine whether an acquiring firm benefits in the acquisition of a FinTech firm in terms of improved firm performance or declines in firm risk. I employ three different methodologies to examine the relation between FinTech acquisitions and their impact on the acquiring firm performance and risk: …
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Nonfinancial performance measures and risk-taking: evidence from the oil and gas industry
… nonfinancial performance measures (NFPMs) and firms’ risk-taking using CEO compensation contracts in the oil and gas industry (SIC 1311). The oil and gas industry provides an ideal setting for my study because firms in this industry are required to disclose detailed information about their risk …
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Three Essays on Foreign CEOs
… traded US companies. Using a sample of S&P 1500 firms from 2000 to 2017, this thesis exploits the variation in foreign CEOs’ international experience and national culture to analyse their impact on firm risk, capital structure decisions and corporate acquisitions. The first study examines the …
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The Hidden Value of Employee Pay Disclosures Evidenced through Cost of Capital
Voluntary disclosure theory suggests a firm increasing its disclosures should lower the information asymmetry component of its cost of capital. Empirical results on specific disclosures are mixed though, as individual disclosures may not provide enough value to investors in disclosure rich …
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Two Essays in Financial Economics
… that managers are in a better position to manage firm risk if they use all the available tools and instruments, including hedging and diversification. I also find a positive and significant relationship between hedging and CEO pay-for-performance sensitivity, indicating that CEO compensation is …
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Corporate Social Performance as a Determinant of Firm Financial Distress: Insights from the Johannesburg Stock Exchange
… (CSP) levels affect the likelihood of firm financial distress in an emerging market context across economic cycles. The significance of this research lies in addressing the gaps in existing literature, which predominantly focuses on mature markets and often overlooks the varying impacts …
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Fair Value Pension Accounting, Corporate Risk and Investment
… to the extant bterature on market efficiency and firm risk by analysing whether measures of systematic risk, financial risk and operational risk reflect the underlying risk of the pension scheme. Finally, the thesis contributes to the literature on internal capital markets and investment decisions …
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Three Essays In Finance
… R&D investment will increase by up to 96% for firms that may underinvest, but will decrease by as large as 84% for firms which may overinvest. Shareholder rights also exert large influences on the R&D investment sensitivities to cash flow and to Tobin's Q, and the effects depend critically on …
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Corporate environmental performance and its impact on financial performance and financial risk: Evidence from Australia
… interdisciplinary research and concluded that firm chemical release/emission can be used as a proxy for a firm measure of environmental performance. It also proposed that due to the variety of chemicals and different levels of toxicity, a risk factor should be calculated for all chemicals on …
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Three Essays on Corporate Finance and Labor
… in improving the bargaining position of a firm's management relative to its non-financial stakeholders. Debt structure is essential for strategic bargaining because it affects the ease of renegotiating debt contracts and thus the credibility of bankruptcy threats. Debt structure is shown to …