Managerial ownership and firm performance are endogenously determined by exogenous (and only partly observed) changes in the firm’s contracting environment. To develop the testable hypothesis the extension of the cross-sectional ...

Among all the problems of financial management, the problems of working capital management have probably been recognized as the most crucial one. It is because of the fact that working capital always helps a business concern ...

The growth of regional economic cooperation arrangement is one of the major developments in the post World War II period. The formation of regional integration has been greatly successful in bringing historically hostile ...

Financial distress is a situation where a firm’s operating cash flows are not sufficient to satisfy current obligations and the firm is forced to take corrective actions, and a firm in financial distress may also face ...