Browsing by Author "Tebourbi, Imen"
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Item CEO compensation and firm performance: Evidence from financially constrained firms(Elsevier Ltd, 2022-10) Kweh, Qian Long; Tebourbi, Imen; Lo, Huai-Chun; Huang, Cheng-TsuItem Corporate Governance and Dividend Reinvestment Plans: Insights from Imputation Tax in Australia(Elsevier Ltd, 2021-07) Shamsabadi, Hussein Abedi; Tebourbi, Imen; Nourani, Mohammad; Mina, Byung S.This paper investigates the supply of Dividend Reinvestment Plans (DRPs) in relation to corporate governance and imputation tax system in Australia. Since DRPs are popular among large firms, we compiled the data of 300 largest companies listed on the Australian stock exchange (ASX300) during 2001-2013. Tobit regression method is used to estimate the models. Results indicate that good corporate governance leads to the higher supply of DRPs. We also found that franked dividend and heavily discounted DRPs weaken the positive association between governance and DRPs, illustrating the importance of institutional settings. Our findings imply that good corporate governance should consider a variety of clientele demands for dividend policy. © 2020Item The effects of managerial ability on firm performance and the mediating role of capital structure: evidence from Taiwan(Springer Science and Business Media Deutschland GmbH, 2021-12) Ting, Irene Wei Kiong; Tebourbi, Imen; Lu, Wen-Min; Kweh, Qian LongThis study utilizes mediation analysis and bootstrapping to analyze the mediating effect of capital structure on the association between managerial ability and firm performance. The dataset consists of 6384 firm-year observations from the Taiwanese electronics industry during 2005–2018. Our results indicate that (1) low (high) levels of debt are likely observed in firms with CEOs with high (low) ability, (2) managerial ability positively affects firm performance, and (3) capital structure mediates the positive relationship between managerial ability and firm performance. Overall, the findings may have limited generalizability due to the specific sample characteristics and provide convincing support for the importance of capital structure as a mediator in the managerial ability-firm performance nexus. Specifically, this study highlights the need for examining the effect of managerial ability on firm performance through a mediator. © 2021, The Author(s).Item How do social and economic factors affect carbon emissions? New evidence from five ASEAN developing countries(Taylor and Francis Ltd., 2022) Tebourbi, Imen; Nguyen, Anh Thi Truc; Yuan, Shu-Fang; Huang, Chiung-YuThis study analyzes the long and short-run impacts of social and economic factors on carbon emissions from five developing ASEAN countries during the period 1986–2017. Utilising a Pooled Mean Group Estimator, we find a nonlinear relationship between CO2 emissions and real GDP, confirming the Environmental Kuznets Curve. Our results indicate that energy consumption is the main driver of environmental degradation in these countries; and that FDI and urbanisation reduce carbon emissions. Our research indicates both a long-run and short-run nexus between government education expenditures and CO2 emissions. We conclude with policy suggestions to reduce CO2 emissions while attaining sustainable growth. © 2022 The Author(s). Published by Informa UK Limited, trading as Taylor & Francis Group.Item Intellectual capital and firm performance: The moderating effect of controlling shareholders in Malaysia(Inderscience Publishers, 2022) Ting, Irene Wei Kiong; Asif, Jawad; Kweh, Qian Long; Tebourbi, ImenItem Measuring the continuation effects of market order entry: A dynamic model(John Wiley and Sons Ltd, 2021-04) He, Dong‐Sing; Tebourbi, ImenThe advantages of first movers are well-known; it is also known that second movers can accumulate resources and gain competitive advantage via catching-up strategies. We investigate the relationship between business performance and market-entry time among Taiwanese semiconductor companies during the period 2008 to 2012 in order to provide the industry with useful guidelines for business strategies. We also investigate productivity change among Taiwanese semiconductor companies through the combined use of Malmquist productivity index and bootstrap. Our results show that the second movers presented a superior performance in productivity change, with an average improvement of 27.5%, indicating good continuation effects. © 2020 John Wiley & Sons, Ltd.Item Mutual fund performance: The decision quality and capital magnet efficiencies(John Wiley and Sons Ltd, 2020-07-01) Hsieh, H. Pierre; Tebourbi, Imen; Lu, Wen‐Min; Liu, Nai‐YuThis study employs a two-stage network data envelopment analysis model to analyze the decision quality and capital magnet efficiencies of 155 mutual funds in Taiwan during the period 2007–2016. The empirical results show that fund managers improved their decision quality; however, their capital magnet efficiency declined. This study also found 10 mutual funds performing in decision quality and capital magnet efficiencies, from which practical suggestions are provided to investors. Finally, this study constructs a market competition matrix to help fund managers (and investors) improve their operating and portfolio performance, plus resource allocation. © 2020 John Wiley & Sons, Ltd.Item Non-linearity between family control and firm financial sustainability: moderating effects of CEO tenure and education(Springer Science and Business Media Deutschland GmbH, 2022) Ahmad, Norazlin; Ting, Irene Wei Kiong; Tebourbi, Imen; Kweh, Qian LongItem R&D investment and future firm performance: The role of managerial overconfidence and government ownership(John Wiley and Sons Ltd, 2020) Tebourbi, Imen; Ting, Irene Wei Kiong; Le, Hanh Thi My; Kweh, Qian LongWe investigate the relationship among managerial overconfidence (MO), government ownership, and research and development (R&D) investment using data from Vietnamese public companies for the period 2007–2016. We also investigate how R&D investment, given MO and government ownership, affect future firm performance. Our results indicate that MO and government ownership are positively related to R&D investment. Conceptually, this study investigates novel factors affecting of R&D investment and their role in improving firm performance. Overall, this study emphasizes the importance of R&D investment in the corporate world, improving firm performance and, ultimately, economic prosperity. © 2020 John Wiley & Sons, Ltd.Item The relationship between business performance, corporate social responsibility, and innovation capital: A case study of Taiwan(John Wiley and Sons Ltd, 2021-03) Chen, Fu‐Chiang; Tebourbi, ImenThis study investigates the relationship of innovation capital and corporate social responsibility (CSR) with business performance. The sample is from 33 manufacturing companies that won the 2016 Corporate Citizenship Award of CommonWealth Magazine. Empirical analysis result shows that the average technical efficiency (TE) of the 33 corporate citizens is 0.835. Among companies, nine companies are relatively efficient, 24 companies are in scale inefficiency, and 20 companies are in mixed inefficiency. The relationship between the CSR total score and TE fails to reach a significant level, reflecting no significant association between the CSR total score evaluation result and TE value. © 2020 John Wiley & Sons, Ltd.Item The roles of innovation and internationalisation in explaining dynamic business performance(Inderscience Publishers, 2023) Wang, Wei-Kang; Tebourbi, Imen; Kweh, Qian Long; Li, Cheng-CheItem Trade‐off Between Risk and Incentives: Evidence from New‐ and Old‐Economy Firms(John Wiley and Sons, 2016) Tebourbi, Imen