The dynamic trade-off theory and the market timing theory of capital structure are applied to analyze 5,923 Chinese takeover events from 2007 to 2014 with a view to identifying the influence of target capital structure (TCS), market mispricing and their interactions on takeover financing methods. It was found that leverage deviation from TCS had a significant effect on the choice of takeover financing methods and the choice was affected by market timing. Overleveraged bidders and overvalued bidders...

The Dow Jones Industrial Average is perhaps the world’s most widely watched stock market index. This paper examines its calculation and highlights key problems limiting its usefulness as a broad market gauge. Stock market indices are important as they are considered to be leading indicators of economic growth and are standards against which investors can measure their performance. It is important, therefore, to examine their strengths/weakness. The Dow is computed as an unweighted arithmetic mean....

In this research, we offer a comparative review of corporate performance through strategic integration. We apply standard event-study method to estimate cumulative abnormal returns and compare performance on banking industry. Our findings indicate similar negative CAR performance for corporation in US, Europe, Singapore, Malaysia, and Indonesia during the T-5 to T+5 days from the event. CAR is relatively high during T+15, T+20, and T+25 from the event date for the United States, whereas, it is almost...

Human capital is a strategic resource. Human capital impacts on the stock-exchange valuation of listed companies. It can interest both shareholders and employees when its measure contributes to develop training (Wyatt & Frick 2010). Its assessment requires defining good indicators to measure the value of human capital. Many studies are about human capital accounting. However, measuring human capital is so complicated. In accounting, human capital is then estimated in a very restrictive and careful...

The purpose of this study was to expose and assess the influence of lecture attendance (absenteeism) on the academic performance of accounting students studying Cost Accounting. Due to the deficiency and the inconclusive findings of prior studies, this study contributed remarkably to the existing body of research. Correlation and linear regression (OLS) analyses using a sample of 232 students from the College of Business Studies, one of the tributaries of accounting education in Kuwait, during 2013/2014...

Electrification has now become the crucial factor that drives economic development in any developing country. Existing literature have shown a direct positive correlation between poverty diminution, increase in employment, an increase in the standard of living, technological and knowledge diffusion with the increasing rate of electrification. Electrification helps induce productivity and skills development by enabling longer work hours by lighting up workplaces and powering up technological devices...

This study examines the effect of convergence with IFRS in Indonesia on the quality of earnings reporting. Using manufacturing companies listed in the Jakarta Stock Exchange in the years from 2009 to 2014, we find that earnings reported under the IFRS convergence period has a higher earnings response coefficient than earnings reported under the period of previous Indonesian GAAP. This finding lends support to the contention that IFRS convergence can increase investors’ belief in earnings quality....

This study investigated the relationship between female presence in boardrooms and corporate social responsibility. The under-representation of women in boardrooms is a heavily discussed topic, not only in Italy, but also abroad. As a case study, this research selected a sample of 628 scenarios from Italian listed companies, from the period between 2011 to 2013 results showed that a higher percentage of female members in boardrooms tends to have a positive impact on corporate giving (considered as...

Amin et al. (2011) examine the causal relationship among energy use, CO2 emissions and economic growth in Bangladesh and reveal that energy consumption leads to economic growth and no causal relationship exists between economic growth and CO2 emissions in Bangladesh, which implies that economic growth can be achieved without deteriorating the environmental quality. Since there is a debate regarding the fact that whether environmental degradation is measured only by considering CO2 emissions, the...

Several qualitative research studies exist relating to the operations of Readymade Garments industry that explore the working conditions and reasons behind the accidents that took place in the past. This study contributes to the existing volume of literature by conducting an econometric analysis of safety and compliance standard of RMG factories in Bangladesh. The paper treats Rana Plaza incident in the year 2013 as a natural experiment to identify any change in compliance. This study uses 561 factory...