This study addressed a gap in the literature by investigating link between corporate strategy and board composition how it connects to firm value. Most studies have explored whether structure predicts outcomes rather than other way around even though plays significant role structuring board. The sample covered period 2013 2018 included 20,677 firm-year observations, on which we executed country...

The purpose of this study was to determine the direct and indirect effect profitability liquidity variables on firm value, through capital structure as an intervening variable. sample used in is 11 banking companies that will conduct a right issue 2021. This type research explanatory research. data secondary taken from RTI Business application. analysis path analysis. results show that: (1) Pro...

Blockholder ownership may increase firm value because of incentive alignment or lower it because of expropriation of minority investors. Dividend policy provides a way to distinguish between the two effects since large owners may prefer low dividends if they derive private benefits from controlling firms, while minority investors may prefer high dividends that benefit all shareholders. I examin...

This paper examines the effects of hedging activities and executive compensation on firm value by incorporating the endogenous relationship between the two managerial decisions for a sample of U.S. oil and gas producers. Theories of hedging based on market imperfections imply that hedging should increase market value of firms. Likewise, the design of executive risk-incentive compensation is to ...

They do! Otherwise, their use would not have been so prevalent among firms. How much firm value they create, however, is still an open question. Exploiting a political event in the U.K. that suddenly raised the cost of using tax havens, we find that there was a 0.87% reduction in cumulative abnormal return (CAR) among the sampled firms, corresponding to about £532 million in market capitalizati...