Breaking Barriers: New Research Topics in Corporate Finance

A special issue of Journal of Risk and Financial Management (ISSN 1911-8074). This special issue belongs to the section "Economics and Finance".

Deadline for manuscript submissions: 31 August 2026 | Viewed by 1006

Special Issue Editor


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Guest Editor
Department of Finance, College of Business,Florida State University, Tallahassee, FL 32306, USA
Interests: corporate finance; intellectual capital, behavioral and sociological issues; corporate restructuring; executive compensation

Special Issue Information

Dear Colleagues,

This Special Issue is to provide space for research topics that are original and empirical results that are thought-provoking, albeit not necessarily complete or without flaws, for the editors and reviewers of most other journals. The scope is broad—examples of directions of interest include:

  1. Reconciling corporate finance theory with evidence. Why do some of the highest valuation companies, presumably with profitable growth opportunities, also have a very high free cash flow? How do we reconcile declining returns from corporate investments and long-term high valuations of corporate stocks? Why do stock prices overestimate the present value of future streams of dividends?
  2. Solving corporate finance puzzles, from the classic dividend puzzle originally proposed by Fisher Black, with more recent data, to the near-extinction of stock dividends, which are more tax efficient than cash dividends.
  3. Exploring new topics. For a list of new issues, see, for example, James S. Ang, 100 research ideas: extending the frontiers of research in corporate finance, Global Finance Journal, Volume 48, May 2021.
  4. Reconciling theory vs practice in corporate finance.
  5. Original topics that have not been published elsewhere.
  6. Innovations in the practice of corporate finance: a historical survey.
  7. Case studies of a single firm with noteworthy corporate finance accomplishments or blunders.

About the Guest Editor:

James S. Ang is the Bank of America Eminent Scholar and Professor of Finance at Florida State University. He was a two-term editor of Financial Management and a former president of the Financial Management Association. He has published numerous articles in corporate finance, investments, and financial institutions. His research has an H-index score of 36.

Prof. Dr. James Ang
Guest Editor

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Keywords

  • original research topics, albeit controversial
  • reconciling theory with evidence
  • case studies in corporate finance
  • puzzles in corporate finance
  • theory vs. practice

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Published Papers (1 paper)

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Research

31 pages, 421 KB  
Article
Institutional Logics and Corporate Financial Reporting Quality: Does CEO Authority Concentration Matter?
by Hamidah Hamidah, Ardianto Ardianto, Suham Cahyono and Khairul Anuar Kamarudin
J. Risk Financial Manag. 2026, 19(4), 264; https://doi.org/10.3390/jrfm19040264 - 6 Apr 2026
Viewed by 676
Abstract
This study examines the association between CEO authority concentration and financial reporting quality within the framework of institutional logics. Using a panel of publicly listed firms from three Southeast Asian countries, including Malaysia, Singapore, and Thailand, over the period 2015–2023, we employ panel [...] Read more.
This study examines the association between CEO authority concentration and financial reporting quality within the framework of institutional logics. Using a panel of publicly listed firms from three Southeast Asian countries, including Malaysia, Singapore, and Thailand, over the period 2015–2023, we employ panel regression models to analyze how concentrated CEO authority shapes financial reporting outcomes. The concentration of CEO authority is measured using the Herfindahl–Hirschman Index (HHI) based on the CEO’s positions in key board committees. Our findings indicate that higher CEO authority concentration is associated with lower financial reporting quality. This result suggests that when CEOs hold dominant positions within board committees, the effectiveness of internal monitoring mechanisms may weaken, increasing managerial discretion over the financial reporting process. As a result, excessive concentration of authority may reduce the reliability and transparency of reported financial information. This study contributes to the corporate governance literature by highlighting the role of authority distribution within the boardroom as an important determinant of financial reporting quality. By adopting an institutional logics perspective, this study also provides evidence that governance structures embedded in emerging market environments may shape how executive authority influences reporting practices. Overall, the findings provide important implications for regulators and governance practitioners seeking to strengthen board independence and improve financial reporting quality in Southeast Asian capital markets. Full article
(This article belongs to the Special Issue Breaking Barriers: New Research Topics in Corporate Finance)
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