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Corporate efficiency in Europe
Hanousek, Jan; Kočenda, Evžen; Shamshur, Anastasiya - 2015
Using a stochastic frontier model and a comprehensive dataset, we study factors that affect corporate efficiency in … efficiency, and (iii) high competition is less conductive to efficiency than moderate or low competition. In terms of ownership …, we find that (iv) efficiency increases when a majority owner must deal with minority shareholders and that (v) domestic …
Persistent link: https://www.econbiz.de/10010510115
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Audit committee effectiveness, bank efficiency and risk-taking : evidence in ASEAN countries
Quang Khai Nguyen - In: Cogent business & management 9 (2022) 1, pp. 1-12
This study investigates the inter-relationship between audit committee effectiveness, bank efficiency and risk … relation. Our results show that audit committee effectiveness reduces bank risk-taking through increasing bank efficiency. This …
Persistent link: https://www.econbiz.de/10014429678
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Value creation in M&A transactions, conference calls, and shareholder protection
Fraunhoffer, Robert M.; Kim, Ho Young; Schiereck, Dirk - In: International Journal of Financial Studies : open … 6 (2018) 1, pp. 1-21
This study investigates whether conference calls accompanying M&A announcements in Europe provide valuable information for capital market participants and hence induce an abnormal stock price revaluation on the bidder’s equity. Based on handpicked data for transactions between 2008 and 2012 we...
Persistent link: https://www.econbiz.de/10011848217
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The Substitutive Relation Between Voluntary Disclosure and Corporate Governance in Their Effects on Firm Performance
Enache, Luminita - 2020
Prior literature shows that financial disclosures and corporate governance both impact firm performance. This paper documents an important topic that has been overlooked in the prior literature, their joint effect, because the two mechanisms could be independent, substitutive, or complementary...
Persistent link: https://www.econbiz.de/10012829492
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The Effect of Voluntary Governance Rating Disclosures on SEOs and Acquisitions
Arslan, Birgul - 2018
Voluntary disclosures play an increasingly larger role in the corporate world, yet their implications remain controversial. On the one hand, voluntary disclosures create value by decreasing information asymmetry between managers and investors. On the other hand, they may be used...
Persistent link: https://www.econbiz.de/10012913465
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Corporate Governance and Risk Reporting in South Africa : A Study of Corporate Risk Disclosures in the Pre- and Post-2007/2008 Global Financial Crisis Period
Ntim, Collins G. - 2015
The 2007/2008 global financial crisis has reignited the debate regarding the need for effective corporate governance (CG) through sound risk management and reporting practices. This paper, therefore, examines the crucial question of whether the quality of firm-level CG has any effect on the...
Persistent link: https://www.econbiz.de/10013035407
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Gender Diversity, Corporate Governance and Financial Risk Disclosure in the UK
Bufarwa, Idris - 2020
Purpose – This study investigates the impact of corporate governance mechanisms on financial risk reporting in the UK. Design/methodology/approach – The study uses a panel data of 50 non-financial firms belonging to ten industrial sectors listed on the London Stock Exchange in the period...
Persistent link: https://www.econbiz.de/10012836457
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The Impact of the Mandatory Corporate Governance Disclosures on the Banking Growth in UAE : Islamic versus Conventional Banks
Nobanee, Haitham - 2018
The aim of this paper is to measure the degree of mandatory corporate governance disclosure and examine its impact on the bank's growth using annual data for listed banks on the UAE financial markets during the period 2003-2013. Our empirical results show that the degree of mandatory corporate...
Persistent link: https://www.econbiz.de/10012933983
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Information Disclosure by Family-Controlled Firms : The Role of Board Independence and Institutional Ownership
Darmadi, Salim - 2013
Family control is a common phenomenon among listed corporations in the Indonesian capital market. In family-controlled firms, the so-called “Agency Problem II” may arise due to differences of interests between the controlling shareholder and minority shareholders. Firms may choose certain...
Persistent link: https://www.econbiz.de/10013088120
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Effect of analysts' earnings pressure on environmental information disclosure of firms : can corporate governance alleviate the earnings obsession?
Zhang, Ming; Wang, Aiqun; Zhou, Shuya - In: Borsa Istanbul Review 23 (2023) 2, pp. 495-515
Analysts' earnings pressure not only drives corporate managers to improve short-term financial performance but also encourages them to engage in myopic decisions detrimental to environmental performance. However, evidence on whether analysts' earnings pressure affects environmental information...
Persistent link: https://www.econbiz.de/10014307792