Firm Size Effects and the Association between Excess Returns and LIFO Tax Savings

1986 ◽  
Vol 24 (1) ◽  
pp. 206 ◽  
Author(s):  
William E. Ricks
Keyword(s):  
Firm Size ◽  
Size Effects ◽  
Excess Returns ◽  
Tax Savings

Future Excess Returns to High R&D Firms and Firm Size

2008 ◽  
Author(s):  
Mustafa Ciftci ◽  
Theodore Sougiannis
Keyword(s):  
Firm Size ◽  
Excess Returns

Firm size effects on transaction costs

1993 ◽  
Vol 5 (4) ◽  
pp. 283-295 ◽  
Author(s):  
Bart Nooteboom
Keyword(s):  
Transaction Costs ◽  
Firm Size ◽  
Size Effects

scholarly journals The relationship between excess returns, firm size and earnings on the Johannesburg Stock Exchange

1991 ◽  
Vol 22 (3) ◽  
pp. 63-73 ◽  
Author(s):  
Michael J. Page ◽  
Francis Palmer
Keyword(s):  
Firm Size ◽  
Stock Exchange ◽  
Empirical Studies ◽  
Model Misspecification ◽  
Empirical Work ◽  
The United States ◽  
Excess Returns ◽  
Market Inefficiencies ◽  
Johannesburg Stock Exchange ◽  
The Relationship

While considerable empirical work has been conducted in the United States concerning excess returns and the relationship of these returns to firm size and E/P ratio, thus far, there have been few similar empirical studies conducted using Johannesburg Stock Exchange (JSE) data. Evidence of firm size or E/P ratio effects has been ascribed by various authors to either model misspecification or market inefficiencies. In this article the evidence is examined for the South African market using 1370 company years of data over the period 1978 to 1988, and a significant earnings effect is found, but no size effect. In the analysis the problem of data bias is considered with particular emphasis on thin trading issues, and a methodology for future empirical work is described. Finally, it is suggested that the evidence can be better explained by market inefficiencies than model misspecification.

Different firm size effects on wages for supervisors and workers

2004 ◽  
Vol 84 (2) ◽  
pp. 225-230 ◽  
Author(s):  
Kieron J Meagher ◽  
Hugh Wilson
Keyword(s):  
Firm Size ◽  
Size Effects

scholarly journals Firm Size, Capital Structure And Earnings Announcement Price Response

2011 ◽  
Vol 24 (1) ◽  
Author(s):  
Joseph H. Anthony
Keyword(s):  
Capital Structure ◽  
Firm Size ◽  
Size Effects ◽  
Market Value ◽  
Prior Work ◽  
Font Size ◽  
Book Value ◽  
Quarterly Earnings ◽  
Price Response ◽  
Outstanding Debt

<p class="MsoNormal" style="text-align: justify; margin: 0in 0.5in 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman;">The existence of firm size effects is well documented in the accounting and finance literatures. One stream of this research interprets firm size as a proxy for the amount of information available about the firm. This paper extends prior work in this area and demonstrates that the significance of the size effect is increased substantially by considering information demands of both debt and equity investors. A size proxy that includes the book value of outstanding debt is more highly associated with returns surrounding annual and quarterly earnings announcements than a measure based solely on the market value of common equity.</span></span></p>

scholarly journals Firm Size and Tax Saving Behaviour of Listed Companies in Nigeria

2020 ◽  
Vol 9 (3) ◽  
pp. 184
Author(s):  
Joseph U. Madugba ◽  
E. Ben-Caleb ◽  
Adedoyin I. Lawal ◽  
Uche T. Agburuga
Keyword(s):  
Firm Size ◽  
Tax Evasion ◽  
Stock Exchange ◽  
Unit Root Test ◽  
Tax Compliance ◽  
Secondary Data ◽  
Annual Reports ◽  
Effective Tax Rate ◽  
Ex Post ◽  
Tax Savings

In this paper has been investigated tax savings behaviour of firms in Nigeria with the objective of finding out how it affects firm size. The ex-post facto research design was employed, and secondary data obtained from the annual reports of firms listed on the Nigeria Stock Exchange was used. Descriptive statistics and panel data regression tests were conducted. The data were further subjected to unit root test to establish the stationarity of the data. The result revealed that interest tax savings behaviour and depreciation savings behaviour have negative but significant relationship with firm size while effective tax rate has negative and insignificant relationship with firm size. The study concluded that the lower the firm size the higher the tax savings behaviour and vice versa of quoted companies in Nigeria. The paper recommended that tax regulatory authorities should focus their searchlight on tax aggressiveness of small sized companies as a strategy to reduce tax evasion while encouraging appropriate tax savings strategies to ensure tax compliance.

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