Question

PURPOSE

To describe how the goals of a corporation, agency problem and maximising the value related to the operation of a business.

REQUIREMENT

You are required to search at least five (5) journal research articles related to managerial finance goal and value maximisation. Based on these research articles, you are required to answer the following questions:

1. Explain what corporate goal provides the primary objective for most financial decisions. ( 1000 words)

Answer 1

The Journal of Corporate Finance aims to publish high quality, original manuscripts that analyze issues related to corporate finance.

Contributions can be of a theoretical, empirical, or clinical nature.

Topical areas of interest include, but are not limited to: financial structure, payout policies, corporate restructuring, financial contracts, corporate governance arrangements, the economics of organizations, the influence of legal structures, and international financial management. Papers that apply asset pricing and microstructure analysis to corporate finance issues are also welcome.

The editors of the Journal of Corporate Finance are committed to publishing papers that advance our knowledge of corporate finance through both theoretical and empirical work. We hope to publish papers that are useful to readers and that are innovative. We will publish papers with "non results" if they contribute to our general understanding of corporate finance. In today's world, there are vast amounts of data from many different countries available readily. Thus, there are great opportunities to do work that expand our knowledge. However, there are also unprecedented opportunities to find correlations among variables with weak theoretical justification. Papers that do so will not be published. Our goal is to publish research that impacts our understanding of corporate finance.

The Journal of Corporate Finance has a two-stage review process. In the first stage, at least one editor must decide that a paper should go to a reviewer. The number of submissions to the JCF has increased dramatically and we do not have the resources in terms of the editor's and, most importantly, reviewer's time to review all papers. If a paper passes the first stage, the paper is sent to at least one reviewer for detailed comments. We would like to help authors improve their papers, even if they will not be published, but we are severely limited in that role by resource constraints. The editor's final decisions are based on the potential contribution of the paper, the fit with the mission of the Journal of Corporate Finance, and the quality of the work.

Each submission must be accompanied by a submission fee of US$250.00. The submission fee applies to every round, unless forgiven by the Editors. Submissions will only be considered after payment of the submission fee via Submission Start. Submission fee is non-refundable and a paper may be rejected by the Editors without being sent for review, should a paper be inconsistent with the Aims and Scope of the Journal as set out on the Journal website, or not adhere to the style requirements as outlined in the Guide for Authors. The submission fees are used to support journal related activities.

Authors considering a submission should make sure the paper is as polished as possible, fits with the mission of the Journal of Corporate Finance (a guiding question is whether there are related publications already in the Journal of Corporate Finance) and is of interest to our readers. Our letter to reviewers contains this paragraph and should further guide authors:

The Journal of Corporate Finance is a leading corporate finance journal that publishes both theoretical and empirical papers. The Journal of Corporate Finance is receiving a large number of submissions and we have many high quality submissions. Thus, our rejection rate is now over 95% and we, and you, do not have the resources to work with any paper that while at some point may be publishable, would need significant work from the authors (and you). Empirical work that replicates earlier work for a new sample (or new international data) is generally not publishable unless the sample allows important new insights. Theoretical work needs important empirical implications, regardless of the quality of the technique, to be considered. We can not publish theoretical work where the contribution is the technique. Further, it is not a referee's job to work with a paper that is poorly executed or does not recognize the literature or in general is submitted too early. Of course, sometimes it is beneficial to work with a diamond in the rough but only if you recognize there could be a valuable diamond there, not some vague potential of a diamond. If you believe the paper is not publishable for any of the above reasons even a short note explaining your reasoning would be helpful.

Manuscripts are rejected for many reasons other than lack of quality; most likely your research did not fit the journal’s scope. Heliyon has partnered with over 1000 journals including some published by Cell Press and The Lancet to provide you with a fast and easy route to submit your manuscript using Elsevier’s Article Transfer Service. If you receive a decision that includes an invitation to move your submission to Heliyon, the email will contain a link allowing you to accept or decline.

Transferring your manuscript is quick and simple. Once you agree to transfer to Heliyon, all your manuscript’s files and information as well as any existing reviews will be automatically transferred, without the need to edit, reformat or resubmit.

Authors who choose to transfer their manuscript to Heliyon will enjoy:

•High Visibility - Heliyon is abstracted and indexed in the Web of Science™ Emerging Sources Citation Index (ESCI), PubMed Central, and Scopus. Papers from Heliyon have been covered in top tier media sources including The New York Times, CNN, Science Magazine, and Newsweek.

•Editorial Excellence - our expert editorial team and editorial board of over 900 researchers from all disciplines ensures your paper receives ample editorial support.

•Fast Publication - typically, first editorial decisions are made within three days of submission and papers are published online within only four months.

In addition, Heliyon is fully open access - papers published in Heliyon are immediately and freely available on both Heliyon.com and ScienceDirect. The article publishing charge (APC) for papers accepted by Heliyon is $1,250 (plus VAT and local taxes where applicable).

Manuscripts transferred from a Heliyon Partner Journal will be evaluated in the same way as original submissions (for more information, please read our Editorial Procedures). If your manuscript was reviewed at a Heliyon Partner Journal, and the assessments of at least two independent expert reviewers are available, the editorial board member or the Editor-in-Chief may make a decision without further reviewer consultation, thereby greatly reducing the time from submission to decision.