In modern economics, Intellectual capital is described as an intangible asset which can be used as a source of sustainable competitive advantage. However, intellectual capital components have to interact in themselves to create value. The paper seeks to examine the impact of intellectual capital on firms’ market value and financial performance. The efficiency of the value added by corporate int...

We examine why corporate governance varies widely across countries and across firms, and why such variation matters. Using a new database from Governance Metrics International on corporate governance practices across a large number of countries and firms for 2006-2011 and employing a hierarchical linear model specification, we find that the national cultural dimension of individualism is positi...

The aim of this paper is to analyze the impact corporate social responsibility (CSR) performance digital creative enterprises on value. study takes 397 listed firms from 2016-2020 as a sample. A fixed-effects model used empirically test relationship between CSR and value firms. We also analyzed moderating effect R&D investment intensity And influence manager’s characteristics enterprises. shows...

This paper analyzes corporate bond valuation and optimal call and default rules when interest rates and firm value are stochastic. It then uses the results to explain the dynamics of hedging. Bankruptcy rules are important determinants of corporate bond sensitivity to interest rates and firm value. Although endogenous and exogenous bankruptcy models can be calibrated to produce the same prices,...

Business expansions along with number of new companies being engaged in variety of industries aimed at getting bigger market share, underscored the role of corporate governance within the financial sphere. One of the important issues in corporate governance is acquisition. Due to the significant impact of companies in refining and petrochemical sectors on capital market and whole economy, their...

T paper shows that corporate social responsibility (CSR) and firm value are positively related for firms with high customer awareness, as proxied by advertising expenditures. For firms with low customer awareness, the relation is either negative or insignificant. In addition, we find that the effect of awareness on the CSR–value relation is reversed for firms with a poor prior reputation as cor...

This research investigates the role of tax avoidance in mediating effect GCG and CSRD on firm value. In this study, samples were 31 manufacturing companies 2016-2019 period with 124 annual report that processed using SEM-PLS. The results showed institutional ownership did not affect avoidance. Meanwhile, independent board commissioners affected Institutional had a negative Further, commissioner...