Showing 1 - 10 of 51,912
Debt-ridden corporate growth and increased vulnerability was one of the causes of the 1997 financial crisis in Korea. Introduction of outside director system has been the core part of the corporate reforms following the crisis. Our estimation using instruments obtained from a natural experiment...
Persistent link: https://www.econbiz.de/10013014472
Persistent link: https://www.econbiz.de/10013418528
what non-bank shareholders achieve. Proxy-voting rights apparently do not provide a significant means for banks to exert …
Persistent link: https://www.econbiz.de/10009765357
Persistent link: https://www.econbiz.de/10003921979
Based on Real Options Theory and taking the perspective of growth options exercising, as well as Tobit model, this paper explores how Japanese enterprises adjust ownership structures in their affiliates as a portfolio in China. Empirical results show that: both demand uncertainty and industry...
Persistent link: https://www.econbiz.de/10014504824
In early July 2019, Christian Sewing, the CEO of Deutsche Bank, proclaimed a fundamental shift of the bank's strategy … time. The essential point of the reorientation is a deep cut into the bank's investment banking activities. At the same … time, those parts of the bank's activity portfolio that had been the mainstay of Deutsche Bank's business 20 to 25 years …
Persistent link: https://www.econbiz.de/10012038963
businesses who already have access to bank credit. Firms use FinTech to obtain long-term unsecured loans and reduce their … increase leverage and substitute long-term bank debt with FinTech debt. Our findings suggest that FinTech allows firms to … preserve financial exibility, reduce their bank dependence and exposure to banking shocks. …
Persistent link: https://www.econbiz.de/10012818733
Persistent link: https://www.econbiz.de/10009566575
it differs from the effect of two other important types of financial investors: banks and non-bank financial firms. We … conclusions. The shareholding by PE and bank has influence on out-performance but only if either the PE investor or the bank hold … between 75 to 100 percent of firm's shares. The direction of the effect is opposite. PE has a positive, while bank has a …
Persistent link: https://www.econbiz.de/10011389270
Persistent link: https://www.econbiz.de/10009504773