We examine the effect of announcements of plans to increase R&D expenditures on the
stock price of rival firms. We test two alternative hypotheses: the first‐to‐innovate hypothesis …

Studies that test for shareholder wealth effects of announcements of plans to increase R&D
expenditures find an average positive effect, but also a significant cross‐sectional variation. …

We examine the role of investment opportunities and free cash flow in explaining R&D-induced
abnormal returns. After controlling for firm size, financial leverage, dividend yield, …

The literature on corporate governance at corporations and conventional banks is extensive;
however, it does not assign proper weight to Islamic finance institutions despite their …

Using a sample of 2,337 cash dividend reduction or omission announcements over the
1927 to 1999 period, this study reports significant negative post‐announcement long‐term …

In this present study we develop a general case model of corporate growth potential. This
model enables us to determine the conditions which must prevail in order for neither inflation …

The objective of this paper is to examine the relationships between the governance structure
of a firm and its choice of corporate strategy. Using a sample of 102 corporate takeovers, it …

This paper examines the impact of announcements of new product introductions on the
stock price of pioneering firms and their rivals to determine whether first-movers gain long-term …

… Specifically, S I Z E is the natural logarithm of total assets of Islamic banks and L O A N is
the logarithm of total loans of Islamic banks. The second set represents the relative quantity of …

… A Z-statistic was computed as follows: The results of this Z-test are exactly identical to a
chi-square test. As Table 4 shows, average turnover rates declined from 16.6 percent in the early …