This paper considers the ownership structure of family firms to determine whether family
control alleviates or exacerbates investment–cash flow sensitivity in the Euro zone. We find …

We study the relationship between firm value and investment to test the underinvestment
and overinvestment hypotheses. The results obtained, using panel data methodology as the …

This paper focuses on how a firm's characteristics affect the market valuation of its research
and development (R&D) spending. We derive a valuation model based on the capital market …

Purpose The purpose of this paper is to investigate whether investor sentiments exert
significant influence on corporate dividend policy. Additionally it provides further evidence …

This paper analyses the determinants of ownership structure by focusing on the role played
by investment, financing and dividend decisions. The use of the Generalised Method of …

This study investigates empirically the relationship between CEO ownership and
discretionary investments such as R&D and capital expenditures. We assert that the under …

This paper investigates how ownership affects the investment‐cash flow sensitivity by taking
into account the non‐linearities of ownership with respect to firm value, and using a free …

This study develops a model in order to study in depth the relationship between investment
and firm value. This model is estimated by using panel data methodology, obtaining results …

The aim of this paper is to analyze the stock market reaction to capital expenditure
announcements of Malaysia listing firms. With current data set, capital expenditure …

This paper investigates firms' cash flow sensitivity of cash (CFSC) in a European setting. We
examine the differing effects of financial constraints and income and substitution effects on …