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Articles 31 - 32 of 32
Full-Text Articles in Business
The Impact Of Corporate Financing Decision On Corporate Performance In The Absence Of Taxes: Panel Data From Kuwait Stock Market, Helen M. Hasan, Mohammad Al Mutairi, Elizabeth A. Risik
The Impact Of Corporate Financing Decision On Corporate Performance In The Absence Of Taxes: Panel Data From Kuwait Stock Market, Helen M. Hasan, Mohammad Al Mutairi, Elizabeth A. Risik
Faculty of Commerce - Papers (Archive)
This study examines the relationship between financing decisions such as capital structure, capital budgeting techniques and dividend policy along with the firm’s attributes. We examined the impact of industrial sectors and financial performance using the panel data of 80 listed companies in Kuwait. The results of this study suggest that, contrary to the Trade-off Theory of capital structure, there is a negative association between the level of debt and financial performance. This can be attributed to the high cost of borrowing and the underdeveloped nature of the debt market in Kuwait. Given the unique tax environment in Kuwait, using debt …
Civil War, Stock Return, And Intellectual Capital Disclosure In Sri Lanka, Indra Abeysekera
Civil War, Stock Return, And Intellectual Capital Disclosure In Sri Lanka, Indra Abeysekera
Faculty of Commerce - Papers (Archive)
This study examines the effect of current-period intellectual capital disclosure on earnings and current annual stock return during a civil-war period. Using the top 30 firms by market capitalization listed on Colombo Stock Exchange over six years (from 1998 to 2003), this study finds that firms do not include the current-period intellectual capital disclosure in the current stock return, and the increase in the current-period intellectual capital disclosure activity has no influence on earnings included in the current stock return. Future accounting-based earnings, if stated in the current period, by contrast are included in the current stock return. The findings …