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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Hasan, Mostafa; Cheung, A. (2018)We hypothesize, and examine empirically, two types of association between organization capital and firm life cycle. Are firms with high organization capital more likely to be in a particular stage of their life cycle than ...
Global financial crisis, ownership structure and firm financial performance: An examination of listed firms in AustraliaSaleh, A.; Halili, E.; Zeitun, R.; Salim, Ruhul (2017)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 and during the global financial crisis ...
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 ...