Browsing by Author "Chua, Jess"
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- ItemOpen AccessA test of the implicit tax hypothesis: the ARTC experience(1995) McGurran, Mary Kathleen; Chua, Jess
- ItemOpen AccessAltruism as an influence on agency costs and risk-taking in the family business: some special cases(2002) Wu, Zhenyu; Chua, Jess
- ItemOpen AccessAn agency perspective on bank lending practices to small family businesses(2005) Harper, Karen Elan; Chua, Jess; Chrisman, James J.
- ItemOpen AccessBoard Monitoring and Access to Debt Financing(Emerald Group Publishing Limited, 2009) Chua, Jess; Wu, ZhenyuBoard monitoring should affect a firm's access to debt financing because it improves firm performance and the board is ultimately responsible for the firm's debt. In this study, we show empirically that access to debt financing indeed benefits in two ways from board monitoring: directly from the monitoring and indirectly from improvement in performance. The methodological challenge is in separating the two effects from each other and from those of other drivers of debt financing.
- ItemOpen AccessCoalitions, the Me-First Rule, and the Liquidation Decision(Wiley-Blackwell, 1980) Chua, Jess; Ang, James SConventional wisdom in economics recommends that a bankrupt firm with liquidation value greater than going-concern value be liquidated by the creditors and that a firm with going-concern value greater than liquidation value continue to operate. Recently, counterexamples to the traditional rule have been presented. This note argues that violation of the me-first rule is responsible for these counterexamples. Since violation of the me-first rule involves the absence of value-maximization on the part of some economic agents, economic theories concerned with rational behavior may justifiably still assume that the liquidation decision follows the traditional rule.
- ItemOpen AccessCOMPOSITE MEASURES FOR THE EVALUATION OF INVESTMENT PERFORMANCE(Cambridge University Press, 1979) Chua, Jess; Ang, James SThe article addresses composite measures of investment performance. The author identifies some of the challenges posed by previous measures, particularly ex ante measures that are not directly applicable to ex post performance. Other efforts that address predictability are considered. The author considers that systematic biases may be hindering the success of these measures, and this article posits that these biases could be caused by a deficiency of not considering asymmetry of return distributions and an inability to specify the correct holding period. The article presents a literature review, and develops a composite performance measure that takes into account advances in Capital Market theory.
- ItemOpen AccessInternal corporate venturing in family firms: a strategic management approach with empirical evidence on venturing goals(2004) Greidanus, Nathan; Chua, Jess; Chrisman, James J.The following thesis analyzes Internal Corporate Venturing (!CV) in Family Firms from a Strategic Management Process (SMP) framework. The goal variable from this framework is isolated and analyzed based on a qualitative study of family firms that have proceeded with corporate venturing. Findings from the SMP framework literature analysis suggest a number of areas where the unique characteristics of family firms might influence the adoption of ICV Potential research questions surrounding these areas are presented. The empirical analysis, based on semi-structured interviews of 6 firms and covering 24 ventures, leads to the development of 12 testable propositions surrounding the goals variable in the SMP framework. Limitations of the current research and future directions are discussed.
- ItemOpen AccessPower position and tactic choice in venture capital financing negotiations: an exploratory study(2007) Chernipeski, Amber Rochelle; Chua, Jess
- ItemOpen AccessThe profiles of late-paying consumer loan borrowers: an exploratory study(Ohio State University Press, 1979) Chua, Jess; Ang, James S; Bowling, Clinton H
- ItemOpen AccessSignaling in merger and acquisition defensive tactics: the case of dual class equity(2005) Sharp, Karen Chant; Chua, Jess
- ItemOpen AccessTest of a methodology for estimating divisional costs of capital(1996) Kou, Chi Ming; Chua, Jess
- ItemOpen AccessThree essays on Canadian small business financing(2007) Wu, Zhenyu; Chua, Jess