Does employee welfare affect corporate debt maturity?

Boubaker, Sabri; Chourou, Lamia; Haddar, Marwa; Hamza, Taher

doi:10.1016/j.emj.2019.08.004

Cited by 22 publications

(13 citation statements)

References 60 publications

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“…They reported that due to increased information asymmetry and agency issues associated with improved legal protection of labour, there is a lesser usage of long-term debt. Similarly, Boubaker et al (2019) investigated the association between employees' welfare practices and debt maturity structure for US firms and evinced that firms scoring better on employees' welfare opt for long-term debt.…”

Section: Debt Structurementioning

confidence: 99%

Application of capital structure theories: a systematic review

Bajaj

Kashiramka

Singh

2020

JAMR

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PurposeThe present study aims to analyse the literature on capital structure theories for the last 21 years to identify the existing gaps and themes for prospective researchers in this domain.Design/methodology/approachA sample of 183 articles published from 1999 to 2019 in the Scopus database using “capital structure theory” and “leverage” as keywords was analysed on various basis. A citation analysis was also performed to recognize impactful authors and papers.FindingsThe findings revealed that though the capital structure research studies were highly focussed on developed economies, with time, research studies in developing markets are increasing. Further, the capital structure research studies were largely conducted by considering all the industries together, whereas the focus on a particular industrial sector was meagre. Almost all the studies were empirical, thus providing scope for primary research. Various forms of regression were popular econometric techniques used in this area of late. This review highlighted the dominance of trade-off theory to elucidate the capital structure of firms, irrespective of the status of the economy. The comprehensive review uncovered the existing gaps and identified major themes evolving in the capital structure domain.Originality/valueUnlike a traditional review paper, this study classifies sample articles based on several parameters and depicts a graphical presentation of the findings to cover research gaps, avenues, evolving themes, key aspects, impactful authors and their papers, etc. in the capital structure domain. It provides ready-made information available for prospective research studies in this field.

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Section: Debt Structurementioning

confidence: 99%

Application of capital structure theories: a systematic review

Bajaj

Kashiramka

Singh

2020

JAMR

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“…The strong maturity mismatch caused by financing long-term investments using a significant amount of short-term liabilities is one of the main factors explaining the financial crisis in 2007-2009 (Boubaker et al, 2019). A substantial proportion of short-term debt ownership in a company tends to be identified as underperforming by lenders (Manuelli, 2019).…”

Section: Introductionmentioning

confidence: 99%

Tax Aggressiveness, Fair Value Accounting, Debt Maturity: Does Integrated Reporting Matter?

Pamungkas

2022

Jurnal Akuntansi

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This study investigates the association between tax aggressiveness, fair value accounting and debt maturity and whether Integrated Reporting (IR) moderates those relationships. This study's methodology is a quantitative approach with multiple linear regression models and panel data. The sample employed in this study is manufacturing companies listed on the Indonesia Stock Exchange (IDX). The type of data used is secondary data sourced from financial statements and annual reports from 2016 to 2020. The sample selection using a purposive sampling method with the number of samples amounted to 595 firm-year observations. This study suggests that tax aggressiveness and fair value accounting have an inverse association with debt maturity. However, IR failed to weaken the negative impact of extensive fair value accounting on debt maturity. The Financial Services Authority (OJK) can consider this study to improve supervision and regulation for better creditor protection through the company's optimal debt maturity policy.

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“…(Maslow, 1943;Coff, 1997). Firms, therefore, commit considerable resources to attract and retain valuable employees in today's labour market (Boubaker et al, 2019). Studies have advocated that satisfying employee welfare 1 enables firms to deal with the challenges of acquiring higher-quality talent and promoting commitment and dedication (Organ, 1997;Albinger and Freeman, 2000;Flammer and Luo, 2017), which ultimately translate into higher productivity and firm value (Lee and Kim, 2016;Darrough et al, 2019).…”

Section: Introductionmentioning

confidence: 99%

“…Many studies have investigated the factors that stimulate firms to commit to employee welfare from the perspective of human capital (Bae et al, 2011;Chen et al, 2016;Guo et al, 2016;Boubaker et al, 2019); however, little attention has been paid to such practices from an ethical view. The review of Collins (2000) suggests that responsible employee practices are a major topic in the business ethics discipline.…”

Section: Introductionmentioning

confidence: 99%

Religious founders and employee welfare

2021

Accounting & Finance

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This study explores the role of religious founders in promoting employee welfare in family firms. We propose that a founder's religious beliefs can shape the cognitive framework for ethical issues and then influence the firm's employee welfare practices. Empirical tests based on survey data reveal that firms with religious founders are more likely to offer employee welfare than firms without religious founders. This positive relationship is weakened when the firm founder has a political identity. Further analysis shows that the impact of the founder's religious beliefs on employee welfare is greater for firms located in areas with a stronger religious atmosphere, indicating that religion mainly works through the institutional-forcing channel rather than the faith-driving channel. Overall, our findings provide inspiration for the promotion of employee welfare from an ethical light.

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Does employee welfare affect corporate debt maturity?

Cited by 22 publications

References 60 publications

Application of capital structure theories: a systematic review

Application of capital structure theories: a systematic review

Tax Aggressiveness, Fair Value Accounting, Debt Maturity: Does Integrated Reporting Matter?

Religious founders and employee welfare

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