Search Results - subject_exact:"Unternehmenswert"

Innovation, technology standardization and the value of the firm

Bergeaud, Antonin; Schmidt, Julia; Zago, Riccardo - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015618403

Financial constraints, investment, and firm value : evidence from Vietnamese firms

Pham Quynh Xuan; Le Hau Long - 2026

In an imperfect capital market, firms face financial constraints due to information asymmetry. These constraints have a significant impact on the effectiveness of investment decisions. When either an underinvestment or overinvestment process occurs, it directly affects the firm's value. This...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015609805

Asset pricing robustness in venture capital

Michopoulos, Ioannis; Scaillet, Olivier; Topaloglou, Nikolas - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015609793

Why do family firms hold cash? : agency conflicts and valuation perspectives

Tayem, Ghada; Abu Ghunmi, Diana; Bino, Adel; Tayeh, Mohammad - 2026

This study aims to examine whether family firms differ from nonfamily firms in their propensity to save cash, particularly in response to new investment opportunities, and to assess how investors value the cash holdings of family versus nonfamily firms in light of potential agency concerns. The...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015611266

From risk to returns : an analysis of asset quality, financial ratios, and market valuation in Indian banks

Rosario, Shireen; Mavuri, Sudha - 2026

This study investigates the interplay between asset quality, financial ratios, and market valuation in Indian commercial banks over a twelve-year period (2014-2025). Using a hybrid approach combining Structural Equation Modeling, correlation analysis, and trend evaluation, the research examines...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015611330

Financial leverage, political connection, profitability and firm value during global crisis era : a moderated mediation analysis

Sari, A.A. Pt. Agung Mirah Purnama; Tjahjadi, Bambang - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015614139

Cultural governance and earnings quality : the role of corporate values and managerial ability

Arian, Adam; Timilsina, Sabina; Gamage, Pandula; Sands, John - 2026

This study investigates the role of corporate culture in shaping earnings management behavior, positioning culture as an internal governance mechanism that can enhance financial reporting quality.Using a large panel of US publicly listed firms from 2001 to 2021, we employ a machine-learning...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015616397

Governance and value : a disaggregated environmental, social, and governance (ESG) analysis of corporate financial performance (CFP) in Philippine publicly listed firms

Cortez, Michael Angelo A.; Rivera, John Paolo R. - 2026

We investigated the relationship between Environmental, Social, and Governance (ESG) performance and corporate financial performance (CFP) among publicly listed firms in the Philippines from 2015 to 2024. Utilizing Bloomberg's ESG scores, we employed a triangulated econometric framework that...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015614213

Corporate governance structures and firm value : the mediating role of financial distress in ASEAN construction companies

Firdaus, Anton; Afiah, Nunuy Nur; Suharman, Harry; … - 2026

This study tests the connectionbetween corporate governance structures and firm value, incorporating financial distress as a mediating mechanism among construction companies listed in ASEAN markets. Utilizing a sample of 58 firms drawn from an initial population of 169 companies over the...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015591630

Board gender diversity as a moderator : ESG, sustainability reporting, and green innovation on firm value

Hidayat, Imam; Erdawati, Lena; Sukiranto; Husin, Ng - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015620740

Equity crowdfunding success in Malaysia : the role of crowd investors, campaign disclosure and valuation disclosure

Lo, Jun Heng; You, Hui Wei; Usman, Sardar Muhammad; … - 2026

This study examines the determinants of equity crowdfunding (ECF) campaign success in Malaysia through the lens of quality signaling theory and behavioral herding dynamics. Using a manually collected dataset of 335 completed campaigns launched on pitchIN, MyStartr, and AtaPlus between 2016 and...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015628757

Unicorn Report 2026 : Chancen und Handlungsbedarf für den Gründungs- und Wachstumsstandort Deutschland

2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015607016

Closed-form valuation of discounted cash flows with finite poisson arrivals in a finite horizon

Kitamura, Yuto; Kudo, Yuta; Shimoshimizu, Makoto; Goto, … - 2026

This paper derives a closed-form expression for the expected discounted value of aggregate cash flows when arrival times follow a Poisson process but both the time horizon and the number of arrivals are finite. The result provides a tractable analytical formula for the expected discounted sum...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015640331

Due diligence on recycling processes in the garment and footwear sector

2026

This paper supports companies in identifying and addressing responsible business conduct risks and impacts in recycling processes in the garment and footwear sector. It provides important due diligence considerations for companies introducing circular products or transitioning to circular...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015629454

Board gender diversity and the value effect of climate change reporting : empirical evidence from an emerging market

Alnaim, Musaab; Metwally, Abdelmoneim - 2026

The current research examines the impact of climate change disclosure (CCD) on firm value (FV) of Egyptian listed non-financial companies. The current research also investigates the moderating role of board gender diversity (BGD). The study sample incorporates Egyptian non-financial companies...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015643332

National institutions, transparency and accounting for goodwill : impairment recognition under IFRS in Europe

Fujiyama, Keishi; Gray, Sidney J. - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015639227

Corporate governance role in greenwashing and firm value nexus

Islahuddin, Islahuddin; Diantimala, Yossi; Ayudiastika, Zera - 2026

This study investigates how greenwashing affects firm value and whether corporate governance can mitigate its negative impact. The analysis is based on 760 companies in the energy, basic materials, and industrial sectors in Indonesia during 2020-2024. Moderated regression analyses using a random...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015643347

Aligning ESG with firm value : the conditional impact of ESG on family-controlled businesses

Norrasate Sritanee - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015644926

Digital reputation risk disclosure and firm value : novel evidence using textual analysis of Saudi non‑financial listed companies

Sobehy, Khaled Muhammad Hosni; Mahjoub, Lassaad Ben; … - 2026

Current accounting standards do not allow recognition of intangible assets for indigenously created properties, resulting in a discrepancy between the book value and market value of firms operating within digital economies, where investments like cybersecurity and data governance are grossed up...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015652128

The impact of voluntary IFRS adoption on financial reporting quality and firm value : evidence from listed firms in Vietnam

Nguyen, Ngoc Giau; Nguyen Ngoc Tien - 2026

As emerging economies expedite their integration into global capital markets, comprehending the implications of voluntary International Financial Reporting Standards (IFRS) adoption has become increasingly critical for regulators, investors, and corporations. This study examines the influence of...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015652316

Family vs. non-family firms : linking future environmental expenditures to firm value

Quang Luu Thu - 2026

This study investigates the relationship between future environmental protection investments and corporate value in family firms during the 2015-2020 period. Family firms play a vital role in the economy, but their governance structures and succession dynamics create unique challenges for...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015653605

Promoter ownership, monitoring and firm value : Indian evidence

Ghosh, Saibal - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015653610

Impact of geographic dispersion of carbon emissions on firm valuation

Gonenc, Halit; Maassen, Chiel - 2026

The transition towards a net-zero economy faces a finite timeline, which increases the level of carbon-transition risk for companies with high pollution levels. Firms that voluntarily disclose a comprehensive breakdown of their carbon emissions across various geographic regions may signal carbon...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015668241

A macroeconomic perspective on stock market valuation ratios

Atkeson, Andy; Heathcote, Jonathan; Perri, Fabrizio - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015618230

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A macroeconomic perspective on stock market valuation ratios

Atkeson, Andrew; Heathcote, Jonathan; Perri, Fabrizio - 2026

Book / Working Paper

The role of valuation report contents in shaping Post-IPO share price performance

Öztürk, Selahattin Çağatay; Sayilgan, Güven - 2026

This study explores the effect of information associated with valuation reports before initial public offerings (IPOs) on post-IPO share price performance. Our results provide valuable insights for Türkiye as well as other emerging markets around the world. In addition, the comprehensive data...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015664913

Bank valuation and macroprudential capital buffers

Cuijpers, Eric - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015668638

The impact of abnormal ESG on firm value : focusing on voluntary disclosure on carbon emissions

Lee, Jaehong; Kim, Suyon - 2026

Following the COVID-19 pandemic, investors' growing focus on sustainable management has increased substantially, drawing greater attention to Environmental, Social and Governance (ESG) practices. This study examines the effect of abnormal ESG investment, defined as ESG activities exceeding the...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015671725

Value creation thinking in M&A : the importance of counterfactual thinking

Massa, Massimo; Van der Heyden, Ludo - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015667770

Industry-specific equity valuation practices : evidence from South African equity research reports

Moyo, Vusani; Kayiira, Joseph; Obadire, Ayodeji Michael - 2026

Valuation methodologies vary across industries because firms differ in capital intensity, asset life, earnings stability, and exposure to risk. This study examines the valuation approaches used by South African equity analysts across the diversified mining, platinum group metals mining, gold...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015676655

Equity valuation without DCF

Cho, Thummim; Polk, Christopher; Rogers, Robert - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016060053

The role of firm attributes in shaping value relevance : evidence from Saudi Arabia

Al Naim, Abdulaziz S.; Alomair, Abdulrahman; Farley, Alan; … - 2026

This study examines the moderating effect of firm attributes on the value relevance of accounting information in Saudi Arabia. Using a sample of 630 firm-year observations from 126 Saudi listed firms over 2018-2022, the research evaluates whether audit quality, size, leverage, growth potential,...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016061615

Digitalization, e-commerce capability, and firm value in GCC countries : evidence from a panel threshold model

2026

This study examines the relationship between digitalization, e-commerce capability, and firm value in Gulf Cooperation Council (GCC) countries. Using an unbalanced panel of 200 non-financial firms over the period of 2015-2024, the analysis employs a panel threshold regression model to...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015676783

Intellectual capital of game developers listed on the main market of the Polish Stock Exchange in the years 2022-2023

Łukasik, Paweł - 2026

Objective: To determine the value of the intellectual capital of joint-stock companies from the gaming sector listed on the Warsaw Stock Exchange Main Market in the years 2022-2023. Research Design & Methods: The intellectual capital of companies in the gaming sector was calculated using three...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016061890

The impact of capital structure on the profitability of enterprises in the real sector of the economy

Levaieva, Liudmyla - 2026

The purpose of this study was to determine the impact of capital structure on the profitability and financial stability of enterprises in the real sector of the economy of Ukraine. The study was based on an empirical comparative financial analysis, within which the methods of financial analysis,...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016062125

Formal harmonization, persistent accounting uncertainty : practitioner evidence on crypto-asset valuation after MiCA in slovakia

2026

The Markets in Crypto-Assets Regulation (MiCA) harmonizes market rules across the European Union, but it does not itself determine how entities should classify, measure, document, and tax crypto-asset transactions. This study examines whether Slovakia's recent implementation measures have...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016064361

The role of trademarks in going public

Drivas, Kyriakos; Economidou, Claire; Gounopoulos, Dimitrios - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016064274

Board diversity, diversity policies, and firm value : diversity performance as a mediating channel in ASEAN-5 listed companies

Pratama, Arie; Yadiati, Winwin; Jaenudin, Edi; Kamal, … - 2026

This study examines the association among board diversity, diversity policies, diversity performance, and firm value in ASEAN-5 listed companies: Indonesia, Malaysia, Singapore, Thailand, and the Philippines. Board diversity is measured through gender diversity, national diversity,...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016063973

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Borri, Nicola; Liu, Yukun; Tsyvinski, Aleh - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015672846

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Borri, Nicola; Liu, Yukun; Tsyvinski, Aleh - 2026

Book / Working Paper

Green banking in transition : ESG disclosure, credit risk governance, and firm value in an institutionally diverse Asia-Pacific dataset

Marpaung, Netti Natarida; Wahyudi, Sugeng; Pangestuti, … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015618392

ESG disclosure and firm value : do audit committee characteristics and sustainability committee matter?

Metwally, Abdelmoneim; Abdalla, Gaber Sallam Salem; … - 2025

This study examines how ESG disclosure (ESGD) influences firm value (FV) in Saudi Arabia. It also analyzes the moderating roles of audit committee (AC) characteristics and sustainability committees (SC) on this relationship. The sample consists of 100 top non-financial firms listed on the Saudi...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015584389

Board nationality diversity and firm value

Chen, Jing; Dedman, Elisabeth; Kim, Ja Ryong; Metwally, … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015371154

CEO overconfidence, customer satisfaction, and firm value : an investigation of mediating and moderating effects

Sharpe, Wen Hua; Nguyen, Phong Minh; Colombage, Sisira - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015333107

Value-enhancing drivers of corporate governance in improving human rights due diligence : worldwide evidence

Torelli, Riccardo; Fiandrino, Simona; Scarpa, Francesco - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015333321

Impact of firm-level climate change exposure on firm value : the moderating role of carbon transparency

Jin, Shan; Gan, Christopher; Li, Zhaohua - 2025

This study uses a novel measure of climate change exposure at the firm level to investigate the impact of climate change on the value of Asia-Pacific non-financial firms. We examine whether increased carbon disclosure mitigates this impact. The findings reveal that a one-standard-deviation...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015337409

Mandatory CSR disclosure, institutional ownership and firm value : evidence from China

Ali Shah, Syed Zulfiqar; Akbar, Saeed; Zhu, Xiaoyun - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015337857

An empirical investigation of the relationship between brand value and firm value : evidence from Turkey

Konuk, Serhat; Doruk, Ömer Tuğsal; Önal, Yıldırım … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015337870

Debt capital and dividend policy as complementary indicators of firm valuation

Njoku, Okechukwu Enyeribe; Lee, Young Hwan - 2025

This study investigates the interdependencies between debt capital and dividend policy as complementary factors influencing firm value among corporations listed on the Korea Composite Stock Price Index (KOSPI). Using Tobin's Q as a firm value metric and employing robust econometric techniques...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015338351

Revisiting knowledge on ESG/CSR and financial performance : a bibliometric and systematic review of moderating variables

Cardillo, Marcos Alexandre dos Reis; Basso, Leonardo … - 2025

This study conducts a comprehensive bibliometric analysis and systematic review to investigate the moderating variables that influence the relationship between Environmental, Social, and Governance (ESG) measures, Corporate Social Responsibility (CSR) measures, and Corporate Financial...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015192444

Corporate culture and tax planning

Afzali, Mansoor; Thor, Timmy - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015194613

Coming full circle on cash holdings and firm value : a comment on Kim and Bettis (2014), Theissen et al. (2023), and Souder et al. (2024)

Jung, Christopher; Graf-Vlachy, Lorenz - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015195719