This paper examines the effects of firm characteristics measured by price-to-book (PB) ratio, free cash flow (FCF), and variability of daily stock return (VDR) on investor reaction in the stock market to IT investment announcements. In contrast to previous studies, which focused exclusively on whether or not IT investment announcements led to an abnormal return in the market, this study investi...

We provide a theoretical model linking firm characteristics and expected returns. The key ingredient of our model is technological shocks embodied in new capital (IST shocks), which affect the profitability of new investments. Firms’s exposure to IST shocks is endogenously determined by the fraction of firm value due to growth opportunities. In our structural model, several firm characteristics...

The central aim of supply chain management, to have the right product in the right quantities (at the right place) at the right moment at minimal cost. Advancements in information technologies have enabled major innovations in the reengineering of industry's supply chains, redefining the ways companies operate their supply chains. New ventures have emerged to create values for business partners...

تهدف هذه الدراسة إلى فحص أثر الحاكمية المؤسسية وخصائص الشركة على قيمة الشركة. تكونت عينة من 40 شركة مساهمة عامة صناعية مدرجة في بورصة عمان خلال الفترة (2009-2018) حيث بلغ إجمالي عدد المشاهدات (4670 ) تم تضمنيها التحليل. قياس حوكمة الشركات (حجم مجلس الإدارة، وعدد أعضاء الإدارة الاناث، واستقلالية الإدارة, إجتماعات لجنة التدقيق، والازدواجية للمديرين التنفيذيين)، وتم خصائص حجم الشركة، وعمر (التأسيس...

Natural gas power plants can further specify their procurement contracts with pipeline distributors using a firm contract option that guarantees delivery at an additional cost. Using transaction level data from 2008-2012 we empirically test what characteristics lead to use of firm contracts and how the premium for firm contracts changes with these characteristics. Using variation in power plant...