This paper examines the relationships between the changes in the firm's capital structure and their effects on the firm's market value for three different levels of systematic risk. The underlying assumption of signaling is that when a firm changes its capital structure, its market value might...

This paper examines the relationships between changes in firm's debt and its effects on firm's market value in a transitional market. The market value is considered as a measure of the investment worthiness. The signaling effect refers to the effects of debt on firm's market value.The paper...

The uncertainty that surrounds oil and gas exploration environments call for an examination at different angles. In terms of robustness, the purpose of this paper is to focus on three performance measurements: the amount of exploration investments, the growth rate of exploration investments, and...

This paper develops a model to quantify the major aspects of the privatized public enterprise transitional performance. The paper expands the literature on corporate performance to address the various factors that should be taken into account for monitoring the performance of the public...

This study examines the effects of the accruals vs. cash flow bases on firm's MB ratio as a proxy for shareholder value. The methodology utilizes the benefits of the ‘partial adjustment model' where it addresses the extent to which the shareholder value adjusts to a target level. The final...

This study examines the informativeness of fundamental financial information to three levels of shareholder value. In general, the results show that the fundamental financial information is quite informative to shareholders using the MB ratio as a measure of shareholder value. According to the...