Firms with higher asset growth rates subsequently experience lower stock returns in
international equity markets, consistent with the US evidence. This negative effect of asset …

This paper investigates the link between the capital expenditures and firm performance of
Albanian firms in the construction sector, based on the data collected from 30 firms between …

This study presents the first empirical evidence on the existence of the asset growth effect in
the Australian equity market. Specifically, we analyse all Australian listed firms over the …

Asset growth has been shown to be negatively associated with future returns. Cooper,
Gulen, and Schill (2008) argue that an aggregation of all asset growth components as total …

Organisations worldwide require investment in capital expenditure in order for them to
achieve their business objectives and maximize shareholders wealth. It is therefore …

Objective: Corporate sustainability, focused on the environment, society, and governance
(ESG), has garnered global attention from investors and observers. In recent decades, a …

Although factor models provide the cornerstone of financial asset pricing, their application to
emerging markets has been fragmented and frequently returns inconsistent results. This …

Recent literature relates growth option theory to various return regularities. Sagi and
Seasholes (2007)(S&S) develop a model that explains momentum profitability using growth …

The latest development in the asset pricing literature is the emergence of empirical asset
pricing models comprising q‐factors (profitability and investment factors) in conjunction with …

Managers can maximize shareholders' wealth by managing variables in the financial
structure (such as capital structure, dividend, and investment). Using corporate governance …