Cherian Samuel's research while affiliated with World Bank and other places

Publications (4)

Article
One of the best documented empirical facts in economic research has been the positive relationship between internal finance and cash flows and capital expenditures and investment. But disputes about the analytical basis for the cash flow theory have been largely unresolved. There are two distinct approaches to the cash flow theory of investments: t...
Article
In seeking funding, a firm's main choice is between external and internal financing. And, says the author, the evidence suggests that the stock market plays only a limited role providing finance for both U.S. and Indian firms. The author finds that internal finance plays less of a role for Indian firms than for U.S. firms - and external debt a bigg...
Article
The growth of young, technology-based firms has received considerable attention in the literature given their importance for the generation and creation of economic wealth. Taking a strategic management perspective, we link the entrepreneurial strategy deployed by young, technology-based firms with firm growth. In line with recent research, we cons...
Article
The growth of young, technology-based firms has received considerable attention in the literature given their importance for the generation and creation of economic wealth. Taking a strategic management perspective, we link the entrepreneurial strategy deployed by young, technology-based firms with firm growth. In line with recent research, we cons...

Citations

... Briefly, this model is based upon accelerator theory-in which major influence of demand on investment is admitted (Chenery, 1952). In a broader sense (and in accordance to aim of our study), the neoclassical view also implies a complete dichotimization of the real and financial decisions faced by the firm (Samuel, 1996). We consider this model fit for analyzing investment efficiency as an effect of financial system in Chinese economy for two reasons. ...
... But this may not always hold true. Thus, investors' judgments in the stock market play a critical role in defining the market trend and influencing the economy (Samuel, 1996). To understand and help explain the investors' decisions, it is important to explore which behavioral factors influence individual investors' decisions at the NEPSE and how they impact their investment performance. ...
... Les investisseurs institutionnels, selon Potter (1992) et Alves (2012), font pression sur la direction pour qu'elle atteigne des objectifs de profit à court terme au détriment de la valeur des actions à long terme, ce qui influence la pratique de gestion des résultats. Les investisseurs institutionnels sont plus efficaces que les investisseurs individuels dans la collecte et l'analyse des informations spécifiques à l'entreprise sur les choix et les opérations managériales en raison de l'importance de leur participation (Samuel, 1996). Les investisseurs institutionnels qui sont efficaces jouent un rôle clé dans la résolution du problème d'agence. ...
... Hence, Indian companies are reluctant to adjust dividend to indicate earning changes, whereas on the contrary dividend is not considered as a signal to outside shareholders in the US (Amihud and Murgia, 1997). The agency problem between managers and shareholders is more severe in India as compared to the US since Indian managers do not rely on internal finance as a source of funding compared with US managers (Samuel, 1996). Indian companies characterised as family controlling firms. ...