Outputs (13)

The long-term effect of economic value added adoption on the firm’s business decision (2019)
Journal Article

© 2019, Emerald Publishing Limited. Purpose: This study aims to examine the long-term effects of adopting economic value added (EVA) as a compensation tool on managers’ behaviour. Design/methodology/approach: The authors extend the sample used in pri... Read More about The long-term effect of economic value added adoption on the firm’s business decision.

Why do firms invest in accounts receivable? An empirical investigation of the Malaysian manufacturing sector (2018)
Journal Article

© 2018, Emerald Publishing Limited. Purpose: The purpose of this paper is to investigate the factors that influence Malaysian manufacturing sector investment in accounts receivable (AR), an asset seen by many as one of the riskiest in any company’s b... Read More about Why do firms invest in accounts receivable? An empirical investigation of the Malaysian manufacturing sector.

A conditional regime switching CAPM (2017)
Journal Article

© 2017 Elsevier Inc. The standard Capital Asset Pricing Model (CAPM) is simple, intuitive, and grounded in sound economic theory. Yet, almost half a century's worth of empirical testing has so far failed to demonstrate its relevance. One major reason... Read More about A conditional regime switching CAPM.

The relationship between equity and bond returns: An empirical investigation (2017)
Journal Article

© 2017 Elsevier B.V. The correlation between equity and corporate debt is ambiguous. News affecting the value of a firm's assets induces a positive correlation, whereas an increase in the volatility of a firm's assets induces a negative correlation.... Read More about The relationship between equity and bond returns: An empirical investigation.

The connectedness between crude oil and financial markets: Evidence from implied volatility indices (2016)
Journal Article

In this paper we exploit newly introduced implied volatility indexes to investigate the directional risk transfer from oil to US equities, Euro/Dollar exchange rates, precious metals and agricultural commodities. We find significant volatility transm... Read More about The connectedness between crude oil and financial markets: Evidence from implied volatility indices.

Some extensions of the CAPM for individual assets (2016)
Journal Article

© 2016 Elsevier Inc. There is ample evidence that stock returns exhibit non-normal distributions with high skewness and excess kurtosis. Experimental evidence has shown that investors like positive skewness, dislike extreme losses and show high level... Read More about Some extensions of the CAPM for individual assets.

Accounting data and the credit spread: An empirical investigation (2015)
Journal Article

© 2015 Elsevier B.V. Measures of credit risk based on Merton (1974) rely upon information available in the market prices of securities. Under the Efficient Market Hypothesis market prices should reflect all available information and, hence, make redu... Read More about Accounting data and the credit spread: An empirical investigation.

National innovation and knowledge performance: the role of higher education teaching and training (2015)
Journal Article

© 2014 Society for Research into Higher Education. This paper investigates the role of the higher education system (HES) in the production of national innovation. We focus on the issue of institutional diversity of HESs and its impact on national inn... Read More about National innovation and knowledge performance: the role of higher education teaching and training.

The efficacy of high performance work practices in the Middle East: evidence from Algerian firms (2013)
Journal Article

Although there is developing evidence on the effectiveness of global HRM best practices in emerging and developing economies, little is known about the efficacy of those practices in the Middle East. This study examines the impact of high performance... Read More about The efficacy of high performance work practices in the Middle East: evidence from Algerian firms.

Short-term versus long-term impact of managers: Evidence from the football industry (2010)
Journal Article

Studies into the impact of top manager change on organization performance have revealed inconsistent findings. Using longitudinal data over a 12-year period on football organizations, we test for the short-term and long-term effects of manager change... Read More about Short-term versus long-term impact of managers: Evidence from the football industry.

UK IPOs: Long run returns, behavioural timing and pseudo timing (2010)
Journal Article

In this paper we examine a comprehensive set of 2,499 UK IPOs launched between mid-1975 and the end of 2004. We find compelling evidence of long run under-performance that persists for between 36 and 60 months post-flotation, depending on the precise... Read More about UK IPOs: Long run returns, behavioural timing and pseudo timing.

A net beta test of asset pricing models (2010)
Journal Article

While many recent empirical studies of the CAPM have used conditional beta tests, this technique has recently been shown to have several weaknesses. Here we introduce a new, more robust, net beta test which shares a number of characteristics with con... Read More about A net beta test of asset pricing models.

The adoption of downsizing during the Asian economic crisis (2009)
Journal Article

This study examines the adoption of downsizing during the Asian economic crisis. We use data from a large firm-level survey to examine and compare the adoption of downsizing by firms across sectors and across three countries - Indonesia, the Philippi... Read More about The adoption of downsizing during the Asian economic crisis.