This study examines the informativeness of fundamental financial information to three levels of market-to-book (MB) ratio: high MB firms, medium MB firms, and low MB firms. In general, the results indicate that the financial ratios (as co-integrated financial information) are relatively quite...

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...

Purpose – The purpose of this paper is to examine and analyze the significant qualitative factors that affect the financial performance of financial firms. The authors argue that those factors can be used as “indices of identity” or external cues that help financial firms enhance their...