Planeación Financiera

Purpose This study examines how institutions in both home and host countries affect firms’ cross-border mergers and acquisitions (CBM&As) activity in the six most significant Latin American (LATAM) economies (1995-2018). Design/methodology/approach Data from 1,094 transactions by LATAM companies were used to develop two data panels to examine the impact of institutions on CBM&A activity. Additionally, […]

Purpose This research aims to answer the question of to what extent managerial ability (MA) impacts the level of employing income smoothing (IS) through loan loss provision (LLP) and how this influences the banks’ financial performance. Design/methodology/approach The research confirms LLPs used to smooth income through the relationship between LLPs and pre-provisioning income in Asia-Pacific

Purpose This research explores the influence of intellectual capital (IC) efficiency (ICE) and institutional quality (IQ) on a firm’s capital structure (CS) in Indian firms. Design/methodology/approach The analysis was conducted on a sample of Indian companies from 2015 to 2019. Data were collected from the S&P database, and regression and additional analyses were performed to

Purpose This study examines the relationship between board gender diversity and the cost of equity among publicly traded Brazilian companies. Design/methodology/approach The sample includes Brazilian firms listed on B3 from 2010 to 2023. This study estimated linear and nonlinear regression models using the two-step generalized method of moments (GMM). It measured gender diversity through board

Purpose This paper analyzes the application of real options to livestock production. It evaluates the strategic flexibility in determining the optimal selling time for livestock, considering the technological and market risks involved in its production. Design/methodology/approach Based on a data sample of 300 records collected over the past 15 years, a biophysical-economic model was developed

Purpose The objective of this study is to analyze the influence of the following variables – technological innovation, creativity and innovation management and business model innovation – on two variables: value creation in companies and value capture in companies. Design/methodology/approach The sample consisted of 222 informants employed by companies listed in the Top 1,000 in

Purpose Given that government financial assets represent a large proportion of gross debt accumulation, this study examines their impact on debt leveraging and potential returns on the gap between interest rates and economic growth (r-g). Design/methodology/approach This research focuses on the co-movements of r-g differentials, government financial assets and the primary deficit through a channel

Abstract Purpose: We examine the impact of private equity on corporate governance across industries and countries. Design/methodology/approach: We gathered data from 15 countries and 16 industries spanning the period from 2005 to 2015 to construct an average corporate governance index and track private equity deals across both industries and countries. We analyze a country-industry-year panel

Purpose: This article examines the relationship between service quality and earnings management in Brazilian electricity distributors. Design/methodology/approach: Service quality was measured using the Global Continuity Performance Indicator, as released by the Brazilian Electricity Regulatory Agency (ANEEL). To measure earnings management, the models by Dechowet al.(1995), Kothari et al. (2005), and Pae (2005) were used. Findings:

Abstract Purpose: This study aims to investigate the determinants of inflation expectations in Colombia through a vector autoregression model with exogenous variables (VAR-X) and uses quarterly data for survey-based inflation expectations and different supply shocks. Design/methodology/approach: We propose a VAR-X model. Despite data unavailability, we gathered quarterly data for the period 2005-2022 for the following