“Empirical Corporate Finance: Opportunities and Challenges”—Editorial Synthesis of the Special Issue

Abstract

This concept paper synthesises the special issue with an integrated discussion of all four papers published therein, from the viewpoint of the theme of this special issue: opportunities and challenges for future empirical research in corporate finance. The four papers highlight that future empirical research faces the challenge of acknowledging fundamental paradigms in the literature. These include analytical models of capital structure, agency theory, the literature on Initial Public Offering anomalies and earnings valuation. An opportunity for future empirical research is to use these foundations to contribute to emerging paradigms. The latter include the empirical evidence of the shareholder wealth effects of government investment, managerial overinvestment and the acknowledgement of unlisted entities within capital markets research.

Teorías de las finanzas organizaciones: estudio comparativo de diversos enfoques científicos

“…Desde la perspectiva de las finanzas considera que están presentes en todas las partes de la vida cotidiana, basándose en el ámbito empresarial dice que a la hora de tomar decisiones de manera equivocada nos puede llevar a tener grandes endeudamientos causando pérdidas financieras dentro de la organización (Sinnadurai, 2022;Modigliani & Merton, 1958;Jensen & Meckling, 1976;Ibbotson et al 1988;Ohlson, 2005;Boubakri et al 2020;Ali et al 2014).…”

Perspectivas Latinoamericanas en Economía, Sociedad y Política 1° Ed

“…Desde la perspectiva de las finanzas considera que están presentes en todas las partes de la vida cotidiana, basándose en el ámbito empresarial dice que a la hora de tomar decisiones de manera equivocada nos puede llevar a tener grandes endeudamientos causando pérdidas financieras dentro de la organización (Sinnadurai, 2022;Modigliani & Merton, 1958;Jensen & Meckling, 1976;Ibbotson et al 1988;Ohlson, 2005;Boubakri et al 2020;Ali et al 2014).…”

Bibliometric analysis of trends and patterns in capital structure research: A decade-long review (2012-2022)

“…The decisions in a company's actions that aim to increase shareholder value include funding and investment decisions. The significance of capital structure rests in its ability to assist investors in evaluating the financial health of a company's balance sheet (Sinnadurai, 2022).…”