Have a personal or library account? Click to login
The influence of the strategic financial policies on share valuation in an unstable economic environment Cover

The influence of the strategic financial policies on share valuation in an unstable economic environment

Open Access
|Jun 2018

References

  1. Anghelache, G. (2009). Piața de capital în context European. Bucharest, Editura Economica
  2. Akerlof, G., & Shiller, R. (2009). Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism. Princeton University Press.10.2307/j.ctv36mk90z
  3. Ameer, R. (2010). The role of institutional investors in the inventory and cash management practices of firms in Asia. Journal of Multinational Financial Management, 20, 126-143.10.1016/j.mulfin.2010.07.001
  4. Arslan, O., Florakis, C., Ozkan, A. (2006). The role of cash holdings in reducing investment- cash flow sensitivity: Evidence from a financial crisis period in an emerging market. Emergent Markets Review, 7, 320-338.10.1016/j.ememar.2006.09.003
  5. Baker, M.,& Wurgler, J., (2007). Investor Sentiment on the Stock Market. Journal of economic Perspectives, 21(2)129-15210.1257/jep.21.2.129
  6. Bhattacharya, S. (1979). Imperfect information, dividend policy, and “the bird in the hand” fallacy”. The Bell Journal of Economics, 10(1), 259-270.10.2307/3003330
  7. Berk, J., &De Marzo, P. (2011), Corporate finance (2nd ed.), Pearson
  8. Chui, A.C.W., Lloyd, A.E., Kwok, C.C.Y., (2002). The Determination of Capital Structure: Is National Culture a Missing Piece to the Puzzle?. Journal of International Business Studies. 33 (1), 99-127.10.1057/palgrave.jibs.8491007
  9. DeBont, W.F.M.,& Thaler R., (1985). Does the stock market overreact ? The Journal of finance. 40(3), 793-805.10.1111/j.1540-6261.1985.tb05004.x
  10. De jong, A., DeJong, D., Mertens, G., Roosenboom, P. (2007). Investor relations, reputational bonding,and corporate governance:The case of Royal Ahold. Journal of Accounting and Public Policy, 328-375.10.1016/j.jaccpubpol.2007.03.002
  11. Dima, M.A & Vasilache, S. (2016). Credit risk modeling for companies default prediction using neural networks. Romanian Journal of Economic Forecasting, 19, 127-143.
  12. Dima, A. (2009). Operational Risk Assesement Tools for Quality Management in Banking Services. The Amfiteatru Economic Journal, 11, 364-372.
  13. Dragotă, V., Obreja-Brasoveanu, L., Dragotă, I.M. (2016), Management financiar. Management financiar strategic. Editura Economică, Bucharest.
  14. Dragotă, V., Mitrică, E. (2004). Emergent capital market’s efficiency: The case of Romania. European Journal of Operational Research, 155, 353-360.10.1016/S0377-2217(03)00093-6
  15. Dragotă, V. & Dragotă, M., (2009). Models and Indicators for Risk Valuation of Direct Investments. Economic Computation and Economic cybernetics Studies and Research. 3, 69-76.
  16. Dragotă,V. &Oprea, D. S., (2014). Informational Efficiency Tests on the Romanian Stock Market: a Review of the Literature. The Review of Finance and Banking. 6(1),15-28.
  17. Easterbrook, F. (1984). Two Agency-Cost Explanations of Dividends. American Economic Review, 74(4), 650-659.
  18. Fama, E.F.,&French, K.R., (1992).The cross-section of expected stock returns. The Journal of Finance. 47(2),427-46510.1111/j.1540-6261.1992.tb04398.x
  19. Fama, E.F.,&French, K.R., (1993).Common risk factors in the returns on stock and bonds. The Journal of Financial Economics. 33, 3-5610.1016/0304-405X(93)90023-5
  20. Hoffmann, A., Post, T., Pennings, J. (2013). Individual investor perceptions and behavior during the financial crisis. Journal of Banking and Finance, 37, 60-74.10.1016/j.jbankfin.2012.08.007
  21. Isakov, D. & Weisskopf J.P. (2014). Are founding families special blockholders? An investigation of controlling shareholder influence on firm performance. Journal of Banking & Finance, 1-16.10.1016/j.jbankfin.2013.12.012
  22. Jensen, M., Meckling, W. (1976). Theory of the Firm:Managerial Behavior, Agency Costs andOwnership Structure. Journal of financial Economics, 3. 10.1016/0304-405X(76)90026-X
  23. Kalay, A. (1980). Signalling, information content and the reluctance to cut dividends. Journal of Financial and Quantitative Analysis, nov. 1980, 855-869.10.2307/2330564
  24. Lamont, O., A., Stein, J.C. (2005). Investor sentiment and corporate finance: Micro and macro. The American Economic Review, 95, 147-151.10.3386/w11882
  25. La Porta, R., Lopez-de-Silanes, F., Shleifer, A., Vishny, R.W. (1997). Legal determinants of External Finance. Journal of Finance, 52, 1131-1150.10.1111/j.1540-6261.1997.tb02727.x
  26. La Porta, R., Lopez-de-Silanes, F., Shleifer, A., Vishny, R.W. (2000). Agency Problems and Dividend Policies around the World. Journal of Finance, 551(2), 1-33.10.1111/0022-1082.00199
  27. Mallin, C. 2007. Corporate Governance. Oxford University Press.
  28. Markowitz, H.M. (March 1952). Portfolio Selection. The Journal of Finance. 7 (1), 77-91. doi:10.2307/2975974. JSTOR 2975974.
  29. Mazzei, M.J., Gangloff, A.K., Shook, C.L. (2015). Examining multi-level effects on corporate social responsibility and irresponsibility. Management&Marketing. 10(3),163-18410.1515/mmcks-2015-0013
  30. Prentice, R. (2007). Ethical Decision Making: More Need than Good Intuitions. Financial Analysts’ Journal, 63 (6), 17-30.10.2469/faj.v63.n6.4923
  31. Ross, S. (1977). The Determination of Financial Structure: The Incentive-Signalling Approach. The Bell Journal of Economics, 8(1), 23-40.10.2307/3003485
  32. Semenescu, A. & Curmei, C.V., (2015). Using CSR to mitigate information asymmetry in the banking sector. Management&Marketing. 10(4), 316-329.10.1515/mmcks-2015-0021
  33. Sharpe, W. F. (1964). Capital asset prices: A theory of market equilibrium under conditions of risk. Journal of Finance. 19 (3), 425-442. doi:10.2307/2977928. JSTOR 2977928.
  34. Țilică, E.V. (2014). The Month-of-the-Year Effect in the Post-Communist East European Stock Markets. The Review of Finance and Banking. 6(1),29-40.
Language: English
Page range: 241 - 250
Published on: Jun 15, 2018
Published by: Bucharest University of Economic Studies
In partnership with: Paradigm Publishing Services
Publication frequency: 1 issue per year

© 2018 Cătălin-Valeriu Curmei, Lavinia Elena Dincă, Ileana Andreea Curmei-Semenescu, published by Bucharest University of Economic Studies
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.