This paper investigates whether accounting comparability affects corporate employment
decision-making. We find that firms with greater accounting comparability experience a …

Based on the social norms and structural theories of social capital, this study examines the
relationship between community social capital and the firms' capital allocation efficiency. We …

Does option-based compensation affect payout policy? To address this question, we
examine the adoption of mandatory expensing of stock options. Our identification strategy …

This paper re‐examines corporate dividend payout policy by focusing on how investors
evaluate dividend cuts. Our focus is to understand why despite the documented on average …

The conflicts of interest among managers, shareholders and creditors resulting in agency
costs, can be mitigated by restricting managers' adverse behavior, through financial …

For the past several decades, understanding the determinants of corporate investment
decisions has been a major issue for corporate and financial research. Recently, some …

Relying on an unbalanced panel of 25,211 observations of Polish unlisted companies for
the period 2005–2018, we employ panel data analysis to investigate the role of the capital …

I provide evidence that covenants in bond indentures affect firms' investment policies outside
of covenant violations. After controlling for the self‐selectivity of covenant inclusion, I find that …

The purpose of this paper was to investigate the effects of board relations network structure
on labor investment efficiency. Besides, the role of institutional owners in these relationships …

One of the most important issues in the company's value creation process is investment. In
this regard, investing in labor force is one of the most important types of investments. As one …