Three essays on corporate finance
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This thesis examines the relationship between organization capital and firm life cycle, and their effect on firm risk and the cost of capital. The results show that firms with higher (lower) organization capital or cost of equity are more likely to be in the introduction (growth) and decline (mature) stages. In addition, firm-specific organization capital increases (decreases) idiosyncratic and total (systematic) risk, while management-specific organization capital increases (decreases) systematic (idiosyncratic and total) risk.
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Global financial crisis, ownership structure and firm financial performance: An examination of listed firms in AustraliaSaleh, A.; Halili, E.; Zeitun, R.; Salim, Ruhul (2017)© 2017, © Emerald Publishing Limited. Purpose: This paper aims to investigate the financial performance of listed firms on the Australian Securities Exchange (ASX) over two sample periods (1998-2007 and 2008-2010) before ...
Soo, C.; Tian, Amy; Teo, S.; Cordery, J. (2016)This study investigates the role of intellectual capital (i.e., human, social, and organization capital)–enhancing human resource (HR) practices in the development of a firm's absorptive capacity, as well as the mediating ...
Audea, T.; Teo, Stephen; Crawford, J. (2005)This paper reports the findings of a study conducted in the Philippines that examines the extent of adoption of human capital-enhancing human resource (HR) and industrial relations (IR) practices. Differences between ...