Open Access. Powered by Scholars. Published by Universities.®

Corporate Finance Commons

Open Access. Powered by Scholars. Published by Universities.®

1,543 Full-Text Articles 1,268 Authors 481,869 Downloads 86 Institutions

All Articles in Corporate Finance

Faceted Search

1,543 full-text articles. Page 1 of 48.

Change Of Direction: Haolu "Lulu" Wang Traded Finance For The Lens Of Filmmaking, Claire Sykes 2016 Colby College

Change Of Direction: Haolu "Lulu" Wang Traded Finance For The Lens Of Filmmaking, Claire Sykes

Colby Magazine

After only two years with an investment bank in Hong Kong, her first job straight out of Colby with a degree in government and economics, the Chinese-born-and-raised Wang left and took off for Florence, Italy, to become a filmmaker. Before the eight-week, hands-on introductory course there had ended, she realized “this was something I could do for the rest of my life,” she said in an interview via Skype.


Analyst Reputation And Management Earnings Forecasts, Joonho LEE, Jae Bum KIM, Yongtae KIM 2016 Singapore Management University

Analyst Reputation And Management Earnings Forecasts, Joonho Lee, Jae Bum Kim, Yongtae Kim

Yongtae Kim

No abstract provided.


2016 Private Capital Markets Report, Craig R. Everett 2016 Pepperdine University

2016 Private Capital Markets Report, Craig R. Everett

Pepperdine Private Capital Markets Report

The Pepperdine private cost of capital survey was originally launched in 2007 and is the first comprehensive and simultaneous investigation of the major private capital market segments. This year’s survey specifically examined the behavior of senior lenders, asset‐based lenders, mezzanine funds, private equity groups, venture capital firms, angel investors, privately‐held businesses, investment bankers, business brokers, limited partners, and business appraisers. The Pepperdine survey investigated, for each private capital market segment, the important benchmarks that must be met in order to qualify for capital, how much capital is typically accessible, what the required returns are for extending capital ...


Federal Home Loan Bank Advances And Small Business Lending, Travis R. Davidson, W. Gary Simpson 2016 Ohio University - Main Campus

Federal Home Loan Bank Advances And Small Business Lending, Travis R. Davidson, W. Gary Simpson

The Journal of Entrepreneurial Finance

Adequate credit availability for small businesses is an important public policy issue because small businesses are essential for employment and economic growth for the economy. The Gramm-Leach-Bliley Act of 1999 includes a provision that could potentially support financial institutions in the provision of credit to small businesses through the use of advances from the Federal Home Loan Bank (FHLB) system that are secured with small business loans. We explore the relation between FHLB advances to financial institutions and the provision of loans to small businesses. We find a positive link between the change in FHLB advances and the change in ...


The Big Short, Elizabeth Armon 2016 California Polytechnic State University, San Luis Obispo

The Big Short, Elizabeth Armon

Communication Studies

The Big Short (McKay, 2015), adapted from the non-fiction novel The Big Short: Inside the Doomsday Machine by Michael Lewis (2010), follows three separate but parallel stories leading up to the United States housing crisis of 2008. On a macro-level, the film brilliantly depicted the creation, and the ultimate burst, of the credit and housing market bubble. However, on a micro-level the audience is given an opportunity to realize and empathize with the internal struggle that many of the main characters faced as they grappled with the fact that their financial gain from shorting the market came with the caveat ...


2016 Q1 Private Capital Access Index Report, Craig R. Everett 2016 Pepperdine University

2016 Q1 Private Capital Access Index Report, Craig R. Everett

Pepperdine Private Capital Access Report

The Pepperdine Private Capital Access Index (PCA) is a quarterly indicator produced by the Graziadio School of Business and Management at Pepperdine University, and with the support of Dun & Bradstreet. The index is designed to measure the demand for, activity, and health of the private capital markets. The purpose of the PCA Index is to gauge the demand of small and medium sized businesses for financing needs, the level of accessibility of private capital, and the transparency and efficiency of private financing markets.


Women In Small Business: Challenges Yet To Come, Christa Jocelyn 2016 University of California - Berkeley

Women In Small Business: Challenges Yet To Come, Christa Jocelyn

Christa Jocelyn


According to American Express OPEN’s 2014 State of Women Owned Business Report, it is estimated that over 9 million women own businesses in the United States. This brings in over $1.4 trillion in revenue and employees nearly 8 million U.S. individuals.


Female Board Representation And Corporate Acquisition Intensity, Guoli CHEN, Craig CROSSLAND, Sterling Zhenrui HUANG 2016 INSEAD

Female Board Representation And Corporate Acquisition Intensity, Guoli Chen, Craig Crossland, Sterling Zhenrui Huang

Research Collection School Of Accountancy

This study examines the impact of female board representation on firm-level strategic behavior within the domain of mergers and acquisitions (M&A). We build on social identity theory to predict that greater female representation on a firm's board will be negatively associated with both the number of acquisitions the firm engages in and, conditional on doing a deal, acquisition size. Using a comprehensive, multi-year sample of U.S. public firms, we find strong support for our hypotheses. We demonstrate the robustness of our findings through the use of a difference-in-differences analysis on a sub-sample of firms that experienced exogenous ...


Option Return Predictability, Jie CAO, Han BING, Qing TONG, Xintong ZHAN 2016 Singapore Management University

Option Return Predictability, Jie Cao, Han Bing, Qing Tong, Xintong Zhan

Research Collection Lee Kong Chian School Of Business

We show the cross-section of equity option returns can be predicted by a variety of underlying stock characteristics and firm fundamentals, including idiosyncratic volatility, past stock returns, profitability, cash holding, new share issuance, and dispersion of analyst forecasts. Such predictability is not mechanically inherited from the stock market because these variables do not significantly predict stock returns in our sample, and our results hold for delta-hedged calls and puts in the same directions. We document new option trading strategies that are profitable even after transaction costs. These profits are robust across different market conditions and subsamples. They cannot be explained ...


The Benefits Of Having A Comprehensive Financial Plan For The Average Consumer, And The Necessary Components Comprised To Make An Effective And Efficient Plan, Nicholas M. Lund 2016 Claremont McKenna College

The Benefits Of Having A Comprehensive Financial Plan For The Average Consumer, And The Necessary Components Comprised To Make An Effective And Efficient Plan, Nicholas M. Lund

CMC Senior Theses

Socioeconomic changes in American society over the past few decades, as well as an overwhelming amount of uncertainty and misconceptions, have resulted in a majority of Americans to fall short of their financial goals in the short-term, the mid-term, and the long-term. Without proper preparation and financial planning, it is likely that these Americans, and many more, will be unable to reach these goals as well as retire comfortably. Many Americans are overwhelmed with the immense amount of financial information, tools and resources, and as a consequence are unable to plan their finances efficiently and effectively. Americans need a better ...


Corporations And The 99%: Team Production Revisited, Shlomitt Azgad-Tromer 2016 Fordham Law School

Corporations And The 99%: Team Production Revisited, Shlomitt Azgad-Tromer

Fordham Journal of Corporate & Financial Law

This Article explores the legal manifestation of the interaction between the general public and the public corporation. Revisiting team production analysis, this Article redefines the corporate team and argues that while several constituencies indeed form part of the corporate team, others are exogenous to the corporate enterprise. Employees, suppliers and financiers contribute together to the common corporate enterprise, enjoying a long-term relational contract with the corporation, while retail consumers contract with the corporation at arm’s length, and other people living alongside the corporation do not contract with it at all. Under this organizational model, the general public may participate ...


Rethinking Corporate Governance For A Bondholder Financed, Systemically Risky World, Steven L. Schwarcz 2016 Duke Law School

Rethinking Corporate Governance For A Bondholder Financed, Systemically Risky World, Steven L. Schwarcz

Faculty Scholarship

This article rethinks the shareholder-primacy model of corporate governance, arguing that bondholders, who are more risk averse than shareholders, should be included in the governance of systemically important firms. The inclusion of bondholders not only could help to reduce systemic risk but also is merited by two crucial changes in the bond markets. In contrast to the past century, bond issuances have dwarfed equity issuances as the source of corporate financing for more than a decade. Bondholders therefore often have more invested in firms than shareholders. Moreover, bondholders — like shareholders — now typically trade their securities instead of holding them to ...


Shared Auditors In Mergers And Acquisitions (Forthcoming), Lubomir Litov, Dan Dhaliwal, Philip Lamoreaux, Jordan Neyland 2015 University of Oklahoma College of Law

Shared Auditors In Mergers And Acquisitions (Forthcoming), Lubomir Litov, Dan Dhaliwal, Philip Lamoreaux, Jordan Neyland

Lubomir P. Litov

No abstract provided.


A Business Trust For Partnerships? Early Conceptions Of Company-Related Assets In Legal Literature, And Antwerp Forensic And Commercial Practice (Later Sixteenth-Early Seventeenth Century), Dave De ruysscher 2015 Vrije Universiteit Brussel

A Business Trust For Partnerships? Early Conceptions Of Company-Related Assets In Legal Literature, And Antwerp Forensic And Commercial Practice (Later Sixteenth-Early Seventeenth Century), Dave De Ruysscher

Dave De ruysscher

The Antwerp example demonstrates that in the early modern period entity shielding for partnerships existed in some form by law, and that it was devised in doctrine and the practice of courts rather than in legislation. The affectation of assets for the business venture that did not entail limited liability nonetheless allowed for some separation of personal from partnership-related assets. This innovation, which was devised in doctrine in the early 1600s, was important in a mercantile context in which partnerships with open goals and with active partners or directors engaged in diverse business activities. Yet, according to an older rule ...


2015 Q4 Market Pulse Report, Craig R. Everett 2015 Pepperdine University

2015 Q4 Market Pulse Report, Craig R. Everett

Pepperdine Market Pulse Report

The quarterly IBBA and M&A Source Market Pulse Survey was created to gain an accurate understanding of the market conditions for businesses being sold in Main Street (values $0-$2MM) and the lower middle market (values $2MM -$50MM). The national survey was conducted with the intent of providing a valuable resource to business owners and their advisors. The IBBA and M&A Source present the Market Pulse Survey with the support of the Pepperdine Private Capital Markets Project and the Graziado School of Business and Management at Pepperdine University.


Client Size, Auditor Specialization And Fraudulent Financial Reporting, Joseph Carcello, Albert Nagy 2015 University of Tennessee, Knoxville

Client Size, Auditor Specialization And Fraudulent Financial Reporting, Joseph Carcello, Albert Nagy

Albert Nagy

This study examines the effect that client size has on the relation between industry-specialist auditors and fraudulent financial reporting. Most of the major accounting firms have organized their audit practices along industry lines, reflecting a belief that industry specialization leads to higher quality audits. Furthermore, regulatory bodies and extant research suggests that larger clients have greater bargaining power and are more likely to be able to convince the auditor to acquiesce to aggressive accounting. Also, it may be more difficult for an auditor to possess industry expertise for larger clients who are likely to be more complex and operate in ...


Audit Firm Tenure And Fraudulent Financial Reporting, Joseph Carcello, Albert Nagy 2015 University of Tennessee, Knoxville

Audit Firm Tenure And Fraudulent Financial Reporting, Joseph Carcello, Albert Nagy

Albert Nagy

The Sarbanes-Oxley Act (2002) required the U.S. Comptroller General to study the potential effects of requiring mandatory audit firm rotation. The General Accounting Office (GAO) concludes in its recently released study of mandatory audit firm rotation that “mandatory audit firm rotation may not be the most efficient way to strengthen auditor independence” (GAO 2003, Highlights). However, the GAO also suggests that mandatory audit firm rotation could be necessary if the Sarbanes-Oxley Act's requirements do not lead to improved audit quality (GAO 2003, 5).We examine the relation between audit firm tenure and fraudulent financial reporting. Comparing firms cited ...


An Examination Of U.S. Restaurant Firms' Internationalization In A Risk Context, Soyeon Jung 2015 University of Nevada, Las Vegas

An Examination Of U.S. Restaurant Firms' Internationalization In A Risk Context, Soyeon Jung

UNLV Theses, Dissertations, Professional Papers, and Capstones

The purpose of this dissertation is to advance the theoretical and practical understanding

of the relationship between publicly traded U.S. restaurant firms’ internationalization as a

corporate strategy and risks using a comprehensive set of risk measures: 1) market-based risk (i.e., systematic and unsystematic risk) and 2) accounting-based risk (i.e., standard deviation of return on assets (ROA), return on equity (ROE), and earnings per share (EPS) during the period of 2000-2013. This dissertation further investigates linear, nonlinear, and lagged effects of internationalization on restaurant firms’ risks. In summary, the findings of this dissertation reveal that internationalization tends to ...


Testing Fama & French Three Factor Model On Banking Companies In Indonesia Stock Exchange, Teddy Chandra 2015 Pelita Indonesia School of Business

Testing Fama & French Three Factor Model On Banking Companies In Indonesia Stock Exchange, Teddy Chandra

Teddy Chandra

This research aims to test the influence of Fama & French Three Factor Model and
CAPM on the stock return of banking companies in Indonesia. The samples used were
29 companies that were registered in banking sector from January 1
st
, 2010 to December
31
st
, 2013. The period of research is from January 2010 to December 2013. It used
multiple linear regression. The result indicates that banking companies in Indonesia can
accept the CAPM in predicting the stock return. On the other hand, the Fama & French
Three Factor Model cannot entirely be used in Indonesia. Only excess market return and ...


Chinese Approach To Exchange Rates And Impact On Trade, Kimberly Scott 2015 Keiser College - Ft Lauderdale

Chinese Approach To Exchange Rates And Impact On Trade, Kimberly Scott

Kimberly D Scott

The United States and China have embarked on considerable deliberation in the United States trade and the value of the Chinese currency among academics and politicians alike. Over the years, research on the two topics has consistently addressed the subject by investigating the equilibrium real exchange rate between the yuan (CNY) and the dollar (USD), with results exposing the undervaluation in the yuan since the 1990’s.


Digital Commons powered by bepress