Board Design and Governance Failures at Peer Firms

Do M&A Delistings Impact U.S. Capital Markets? Evidence of Negative Information Externalities for Industry Peer Firms

SSRN Electronic Journal ◽

10.2139/ssrn.3668063 ◽

2020 ◽

Author(s):

Anna Bergman Brown ◽

Donal Byard ◽

Masako N. Darrough ◽

Jangwon Suh

Keyword(s):

Capital Markets ◽

Negative Information ◽

Peer Firms

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Do peer firms influence innovation?

The British Accounting Review ◽

10.1016/j.bar.2021.100988 ◽

2021 ◽

pp. 100988

Author(s):

Michael Machokoto ◽

Daniel Gyimah ◽

Collins G. Ntim

Keyword(s):

Peer Firms

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Peer Effects on Investment Decisions: Do Industry Leaders and Young Firms Behave Differently?

Global Business Review ◽

10.1177/0972150921993674 ◽

2021 ◽

pp. 097215092199367

Author(s):

Abdul Rashid ◽

Ayanle Farah Said

Keyword(s):

Peer Effects ◽

Intangible Assets ◽

Investment Decisions ◽

Leadership Role ◽

Investment Policy ◽

Gmm Estimation ◽

Young Firms ◽

Peer Firms ◽

Industry Leader ◽

Industry Peers

This study examines the influence of peer firms on a firm’s investment policy in Pakistan during the period 2001–2017. It also investigates the heterogeneity in peer effects by taking into account a firm’s age and its leadership role in the industry. The system-GMM estimation results suggest that peer firms significantly influence a firm’s investments on both tangible and intangible assets. Yet, peer effects are more pronounced for tangible investment. We also observe that young firms are more prone to imitate the investment decisions of their industry peers. However, the findings indicate that mimicking is not a tactical behaviour for industry leader firms. These findings have important implications for both the firm management and the owner community.

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