Purpose – The purpose of this paper is to explore the role of monetary policy transmission mechanism channel on firms' investment spending. The focal point is to investigate the differential of monetary policy effects across sub‐sector firms' investment by examining the role of interest...

Purpose – The purpose of this paper is to examine the impact of the two diversification strategies on firms' propensity to save cash out of cash flow. Design/methodology/approach – The author examines the quarterly data of Compustat's active and research firms from the first quarter of 1999...

Purpose – The purpose of this paper is to explore the role of monetary policy transmission mechanism channel on firms' investment spending. The focal point is to investigate the differential of monetary policy effects across sub-sector firms' investment by examining the role of interest rates,...

Purpose – The purpose of this paper is to examine the impact of the two diversification strategies on firms' propensity to save cash out of cash flow. Design/methodology/approach – The author examines the quarterly data of Compustat's active and research firms from the first quarter of 1999...

We examine how the financial constraints of repurchasing firms affect their post-buyback performance. By every constraint measure we use, a set of constrained firms repurchase. They display significantly poorer post-buyback abnormal return and operating performance than unconstrained firms....