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What drives corporate minority acquisitions around the world? The case for financial constraints
Liao, Rose C. - In: Journal of Corporate Finance 26 (2014) C, pp. 78-95
In this paper, I examine minority block acquisitions from 1990 to 2009, as well as possible theories for the presence of equity stake purchases. I find that target firms are financially constrained. Acquisitions significantly increase their stock prices at announcement, along with their...
Persistent link: https://www.econbiz.de/10010776956
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The U.S. left behind? Financial globalization and the rise of IPOs outside the U.S.
Doidge, Craig; Karolyi, G. Andrew; Stulz, René M. - In: Journal of Financial Economics 110 (2013) 3, pp. 546-573
From 1990 to 2011, the share of world IPO activity by non-U.S. firms increased because of financial globalization and because of a decrease in U.S. IPO activity. Financial globalization reduces the impact of national institutions on domestic IPO activity and enables more non-U.S. firms from...
Persistent link: https://www.econbiz.de/10010709033
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Chapter 9. Governance and Stakeholders
Mehrotra, Vikas; Morck, Randall - 2017
Economic models routinely assume firms maximize shareholder wealth; however common law legal systems only require that officers and directors pursue the interests of the corporation, leaving this ill-defined. Economic arguments for shareholder wealth maximization derived from shareholders'...
Persistent link: https://www.econbiz.de/10014023372
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Non-financial motivations in mergers and acquisitions : the Fiat-Ferrari case
Maran, Laura; Parker, Lee David - In: Business history 63 (2021) 4, pp. 606-667
Persistent link: https://www.econbiz.de/10012515558
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Corporate governance mechanisms and income smoothing : the case of European Union banks
Vasilakopoulos, Konstantinos; Tzovas, Christos; Ballas, … - In: International journal of comparative management 1 (2018) 3, pp. 295-316
Persistent link: https://www.econbiz.de/10012051377
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An agency perspective on the board of directors and corporate entrepreneurship
Tribbitt, Mark A.; Yang, Yi - In: Management research review 40 (2017) 11, pp. 1201-1215
Persistent link: https://www.econbiz.de/10011806542
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Audit quality, family business and corporate governance mechanisms : the case of Morocco
Nnadi, Matthias; Efobi, Uchenna Rapuluchukwu; Oledinma, … - In: Journal of accounting in emerging economies : JAEE 7 (2017) 4, pp. 507-527
Persistent link: https://www.econbiz.de/10011818111
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Female corporate board executives and bank profitability : exploring for complementarities and synergies
Luh, Peter Kodjo; Kusi, Baah Aye; Gyeke-Dako, Agyapomaa; … - In: African finance journal 24 (2022) 1, pp. 37-49
Persistent link: https://www.econbiz.de/10014637207
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Post-crisis corporate reform and internal capital markets in chaebols
Kim, Chun-gyŏng - 2009
-crisis corporate reform has resulted in a dramatic change in the landscape of chaebols as about one half of the top 30 chaebols changed … structural changes in the financial structure and corporate governance of chaebols. Improved transparency and strengthened ….Nevertheless, the corporate reform is an ongoing process in Korea with full effects yet to be seen. Our empirical findings suggest that …
Persistent link: https://www.econbiz.de/10003924530
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Restoring the financial sector and corporate deleveraging in Slovenia
Sila, Urban - 2015
restructuring and liquidation of assets, BAMC needs to act independently, transparently, with corporate governance of highest … standards. Privatisation can improve corporate governance and closer supervision can ensure better compliance by banks …
Persistent link: https://www.econbiz.de/10011399559