Being famous matters: Evidence from cash flow volatility
Published in: International Review of Financial Analysis
Sep 04, 2024
Corporate reputation is a paramount driver of value creation and competitive advantage in the 21st century. Motivated by the importance of cash flows and the under-researched nature of their volatility in the corporate finance literature, we investigate the impact of corporate reputation on cash flow volatility. We developed unique hand-collected data from the Fortune world's most admired companies for a sample of U.S. companies from 2014 through 2020. The findings show that there is a negative...
Are MBA CEOs really more risk-averse?
Published in: International Review of Financial Analysis
Sep 01, 2024
This paper extends the literature on upper echelons theory that emphasizes the impact of top executives' personal characteristics on their choices by examining the relationship between CEOs holding MBAs and the riskiness of corporate policies, including investment and financial policies. To do so, data belonging to all stocks listed on the S&P 500 is collected to cover the period from 2005 to 2020 and analyzed using a panel regression model. The findings show that CEOs holding MBAs tend to unde...
Cryptocurrency volatility: A review, synthesis, and research agenda
Published in: Research in International Business and Finance
Aug 01, 2024
This paper takes part in the ongoing debate on the newly emerging field of financial technology by systematically reviewing 164 articles on cryptocurrency volatility during the period from 2016 to December 2022. This paper also aims to enlighten academics and practitioners about the beneficial insights gained from cryptocurrency volatility research, identify existing research gaps, and propose a new research agenda in the subject of study. To this end, realized volatility, almost all stylized f...
Towards sustainability in the services industry: Does green top management support stimulate an organization's green operational performance? A moderated mediation model
Published in: Business Strategy and the Environment Journal
Jul 27, 2024
This study investigates the impact of green strategic alignment (GSA) and top management green support (TMGS) on green operational performance (GOP) within the UAE's Information and Communication Technology (ICT) sector, focusing on the mediating role of proactive environmental strategy (PES) and the moderating effect of green psychological perception (GPP). Employing a quantitative approach through surveys, data were collected from employees at various ICT companies within the UAE who are dire...
Unlocking organizational success in the hotel industry: the power of social exchange in HR practices
Published in: Global Knowledge, Memory and Communication Journal
Jul 04, 2024
The purpose of this study is to examine the role of specific human resources (HR) practices (leadership, employee relations, employee safety, rewards and incentives and career opportunities) on organizational performance in the context of the Middle Eastern market, with a specific focus on the United Arab Emirates (UAE) hotel sector. A comprehensive research methodology was used for this study. Two distinct questionnaires were crafted: one targeting 338 hotel employees who completed the HR...