This study empirically examines the influence of decision makers' (DMs) characteristics on risk analysis in strategic investment decisions (SIDs) of companies operating automotive industry in India. This study ha...This study empirically examines the influence of decision makers' (DMs) characteristics on risk analysis in strategic investment decisions (SIDs) of companies operating automotive industry in India. This study has developed and tested a structural model that linking select demographics, risk propensity and risk analysis in SIDs. The primary data were collected from Senior Finance Professionals (CFOs, GMs, VPs and so on) representing 36 listed automotive companies operating in India. Based on the responses collected from a single cross-sectional mailed survey, this study finds that risk propensity has a significant positive influence on the extent of usage of risk analysis in SIDs.展开更多
The study examines the moderating effects of financial performance on the relationship between financial leverage (FL) and shareholders return (SR). Panel data of pharmaceutical companies listed in the National St...The study examines the moderating effects of financial performance on the relationship between financial leverage (FL) and shareholders return (SR). Panel data of pharmaceutical companies listed in the National Stock Exchange (NSE) were used for 13 years for the period from 2002-03 to 2014-15. Findings indicated that FL is significantly related with SR. However, financial performance has an insignificant relationship with SR and did not moderate the relationship between FL and SR.展开更多
文摘This study empirically examines the influence of decision makers' (DMs) characteristics on risk analysis in strategic investment decisions (SIDs) of companies operating automotive industry in India. This study has developed and tested a structural model that linking select demographics, risk propensity and risk analysis in SIDs. The primary data were collected from Senior Finance Professionals (CFOs, GMs, VPs and so on) representing 36 listed automotive companies operating in India. Based on the responses collected from a single cross-sectional mailed survey, this study finds that risk propensity has a significant positive influence on the extent of usage of risk analysis in SIDs.
文摘The study examines the moderating effects of financial performance on the relationship between financial leverage (FL) and shareholders return (SR). Panel data of pharmaceutical companies listed in the National Stock Exchange (NSE) were used for 13 years for the period from 2002-03 to 2014-15. Findings indicated that FL is significantly related with SR. However, financial performance has an insignificant relationship with SR and did not moderate the relationship between FL and SR.