This study examines whether European investment analysts prefer cash flow based
valuation models over accrual based models, how accurate valuation models are and …

This study investigates whether the capital market values the efficiency of firms. After tracing
stock returns and efficiency changes of 399 listed insurance firms in 52 countries during the …

This study constructs active Islamic portfolios using a multi-style rotation strategy, derived
from the three prominent styles, namely, momentum, value, and quality investing. We use …

This article aims to propose a new approach to the empirical testing of the pecking order
theory that tackles commonly reported issues and apply it to the analysis of Brazilian …

Using the data of Chinese cross‐border mergers and acquisitions (M&As) from 2003 to
2017, we investigate the influence of the internal financial conditions of enterprises on the …

We show that firms with higher NOA (net operating assets) subsequently experience lower
stock returns in at least nine out of sixteen European countries, consistent with the US …

RESUMO O objetivo deste artigo é propor uma nova abordagem para teste empírico da
teoria de pecking order que lide com problemas comumente reportados e aplicá-la à …

The objective of this study is to examine the effect of profitability that proxied by return on net
operating assets and total asset turnover. Valuation is proxied by the price to book value …

This study examines the impact of robotic process automation (RPA) on earnings
management (EM) by analyzing 86 Taiwanese companies that adopted RPA, compared to a …

In this paper, we developed an approach for the empirical testing of the relationship
between the financing choices of companies and the abnormal returns obtained by their …