Are Sustainable Firms More Profitable? Evidence From Egypt

Epidemic$ and Pandemic$ are profitable?!

When Are New Firms More Innovative than Established Firms?

We propose a model in which industry conditions influence the relative advantages of new and established firms as innovators. Using a unique data set of commercialization attempts of inventions simultaneously at risk of commercialization by both new and established firms, we find that industry characteristics including the number of firms in the industry, the size of the market, the availabilit...

Board Diversity and Corporate Social Responsibility: Evidence from Iranian Firms

According to agency theory, board of directors plays an important monitoring role in reducing information asymmetry and increasing the transparency of financial statements and social responsibility. This research is concerned with examining board diversity and social responsibility of the firms listed on the Tehran Stock Exchange during the years 2011-2015. To do so, a sample of 98 firms was se...

Political Connections and Related-Party Transactions: Evidence from Iranian Firms

The present study aims to investigate the association between political connections and related-party transactions for the firms listed on the Tehran Stock Exchange (TSE). Sample includes the 485 firm-year observations from companies listed on the Tehran Stock Exchange during the years 2013 to 2017 and research hypothesis was tested using multivariate regression model based on panel data.We fin...

Why are firms that raise more financing worth more?

I study the financing decisions of firms going public. I find that, all else equal, firms that raise more financing are worth more, and I consider potential explanations for this finding. I provide evidence that raising more financing leads to greater investor recognition, as proxied by better underwriting services, greater liquidity, and greater investor interest, and thereby increases firm va...