Capital Expenditure and Firm Performance Evidence from Albanian Construction Sector

Capital Structure and Corporate Performance of Malaysian Construction Sector

This paper investigates the relationship of capital structure and corporate performance of firm before and during crisis (2007). This study focuses on construction companies which are listed in Main Board of Bursa Malaysia from 2005 to 2008. All the 49 construction companies are divided into big, medium and small sizes, based on the paid-up capital. The result shows that there is relationship b...

Capital Structure and Firm Performance:

Corporate governance theory predicts that leverage affects agency costs and thereby influences firm performance. We propose a new approach to test this theory using profit efficiency, or how close a firm’s profits are to the benchmark of a best-practice firm facing the same exogenous conditions. We are also the first to employ a simultaneous-equations model that accounts for reverse causality f...

Analyzing the Impact of Credit Ratings on Firm Performance and Stock Returns: Evidence from Taiwan

The respective study covers three aspects; factors determining credit rating, credit rating impact on performance of entities and the relation between stock returns and credit rating. The study focuses on the firms listed in Taiwan Stock Exchange (TSE) of Taiwan. The empirical analysis uses the data of 50 firms rated by Taiwan Ratings Corporation (TRC) for the period 2010-2015. Two estimation t...

Firm-level Human Capital and Innovation: Evidence from China

This paper explores firm-level innovation in a human capital view using two firm-level datasets from China, one from metropolitan cities and one from provincial middle cities. General human capital level can affect innovation directly and via R&D level indirectly; managerial human capital can affect firm innovation through their decision-making. We find that general human capital and managerial...

Corporate Governance and Firm Performance: Evidence from Textile Sector of Pakistan