ver since its discovery by Banz (1981), the size effect has remained an enigma. Although the empirical fact that firms with low market values earn higher returns than firms with high market values is beyond dispute, a theoretical explanation of this regularity has eluded the profession for almost 15 years. Because this empirical regularity is almost universally interpreted as evidence that smal...

nowadays, innovation is one of the most important factors for a business to survive. due to rapid changes and short life cycle of technology in information and communication technology (ict) companies, considerable attention is given to innovation. this study aims to identify and rank the impact factors on open innovation success in ict firms. this practical research is quantitative and uses th...

processing industries with the aim of and increasing the added value reducing the waste of agricultural products, promotion of productivity, employment, non oil exports, food security as well as sustainable development in agriculture has started to develop in iran since 1998. the objective of the present study is to examine the main factors affecting physical progress of those processing firms ...

Since 1999 regulators have attempted to improve the monitoring of financial reporting by exerting significant pressure on firms to appoint accounting financial experts (AFEs) to their audit committees. Yet, many firms have been reluctant to do so, which has made these firms more prone to financial reporting problems. We examine appointments of AFEs to the audit committees of S&P 1500 firms duri...

The traditional evaluating methods can not deal with the evaluation problem of innovation sources in service firms with fuzzy information, authors have constructed fuzzy support vector machine based on support vector machine and fuzzy chance constrained programming, and applied this new method to evaluating innovation sources in service firms. In basis of related literature reviewing, authors h...

This paper studies the capital structure dynamics of central and eastern European firms to better understand the quantitative and qualitative development of financial systems in this region. The dynamic model used endogenises the target leverage as well as the adjustment speed towards these targets. It is applied to microeconomic data for 10 countries. We find that during the transition process...

This paper extends existing research on firm heterogeneity by exploring whether differences in firm performance characteristics may in part be related to the gender of the proprietor of the firm. Using a data set of Irish manufacturing firms covering the period 1993 to 2002, we estimate multivariate regression models comparing the performance of female-owned and male-female joint ownership firm...

This paper explores the effects of commercial subsidies to R&D by means of a model of firms’ decisions about performing R&D when some government support can be expected. The model is estimated with an unbalanced panel sample of more than 2,000 performing and non-performing Spanish manufacturing firms. For the non-performing firms, we compute the trigger subsidies required to induce R&D spending...

Since 1999, regulators have attempted to improve the monitoring of financial reporting by exerting significant pressure on firms to appoint financial experts to their audit committees. Yet, many firms have been reluctant to do so, which has made these firms more prone to financial reporting problems. We examine appointments of financial experts to the audit committees of S&P 1500 firms during t...