Arguably, R&D remains one of the main drivers for signaling, and its essence in reducing bankruptcy risk (BR) is critical. We revisit the literature and debate and find that since 1982, R&D investment has, on average, been increasing at an annual …
This study examines the impact of the COVID-19 pandemic on firms’ working capital management (WCM) covering 2,542 US-publicly traded firms for the period 2019Q1–2021Q2. Proxying WCM as cash conversion cycle (CCC), I find that COVID-19-exposed firms …
We investigate the association between cash flow volatility and labor investment efficiency using a sample of US-listed firms from 2000 to 2021. We document a positive association between cash flow volatility and labor investment efficiency. We also …
Talented managers arguably remain quintessential to firm value and performance. While the literature offers evidence for the long-term orientation of talented managers, there is a paucity of evidence on the short-term performance of managers. Here, …