This paper analyzes how firm-specific forecast errors derived from survey data of German manufacturing firms over 2007–2011 relate to firms' investment propensity. Our findings reveal that asymmetries arise depending on the size and direction error. The propensity declines if realized situation is worse than expected. However, do not adjust better expected suggesting uncertainty component error...

This study investigates the income smoothing behaviours of listed firms in BIST from period spans 2012 to 2019. The scrutinizes such at sectoral level. Moreover, relationship between firm-specific factors -size, leverage, growth- and practices are also examined. For detection so-called Eckel Model (1981) model is used. Based on analysis it found that 1 3 observation manufacturing sector, 5 util...

This paper overviews the growing literature on the effects of finance on labor. At their best, financial markets allocate resources efficiently, expanding output, investment and employment but also forcing inefficient firms to shut down or restructure. This second effect creates employment risk and costly reallocations. At firm level, this risk is mitigated by long-term employment relationships...

Drawing on human capital theory, strategy scholars have emphasized firm-specific human capital as a source of sustained competitive advantage. In addition to its role in value creation, FSHC is thought to limit rival imitation and rent appropriation by hindering worker mobility. In this study, we explore micro-foundations of firm-specific human capital by theoretically and empirically examining...

This study investigates the relation between target firm-specific information and expected synergies created in M&A. We find that expected synergies increase in target firm specific information available to market participants. This association is driven mainly by crossindustry acquisitions rather than within-industry acquisitions. Further analysis suggests that while acquirers’ shareholders be...