Similar Search Results

What's in a name and when does it matter? The hot and cold market impacts on underpricing of certification, reputation and conflicts of interest in venture capital backed Korean IP...

Hughes, Alan; Lee, Jaeho - ESRC Centre for Business Research - 2006

This article analyses the impact of the participation of venture capital (VC) firms on underpricing in 372 businesses brought to IPO during the period 1999-2001 in KOSDAQ. Korea's second-tier stock market, KOSDAQ, has grown dramatically since 1999 and about half of the firms listed in KOSDAQ...

Persistent link: https://www.econbiz.de/10005813013

The Mechanism of Voting Efficiency

Schouten, M.C. - ESRC Centre for Business Research - 2010

In the wake of the financial crisis, shareholders are increasingly relied upon to monitor directors. But while much has been written about directors' flawed judgments, remarkably little is known about shareholders' ability to make accurate judgments. What determines whether shareholders make the...

Persistent link: https://www.econbiz.de/10010614650

An End to Consensus? The Selective Impact of Corporate Law Reform on Financial Development

Deakin, S.; Sarkar, P.; Singh, A. - ESRC Centre for Business Research - 2011

Legal origins theory suggests that law reform, strengthening shareholder and creditor rights, should enhance financial development. We use recently created datasets measuring legal change over time in a sample of 25 developing, developed and transition countries to test this claim. We find that...

Persistent link: https://www.econbiz.de/10010548032

The Stock Market, the Market for Corporate Control and the Theory of the Firm: Legal and Economic Perspectives and Implications for Public Policy

deakin, Simon; Singh, Ajit - ESRC Centre for Business Research - 2008

institutional arrangement. The economic and social costs associated with restructuring driven by hostile takeover bids, which are …

Persistent link: https://www.econbiz.de/10005812989

In the mirror of the market: the disciplinary effects of company/fund manager meetings

Roberts, John; Sanderson, Paul; Hendry, John; Barker, … - ESRC Centre for Business Research - 2004

findings from a qualitative study in which we interviewed finance directors and fund managers, and observed a series of …

Persistent link: https://www.econbiz.de/10005812995

The Impact of Mergers and Acquisitions on Executive Pay in the United Kingdom

Guest, Paul - ESRC Centre for Business Research - 2007

We examine the impact of acquisitions on executive pay in UK acquirers over 1984-2001. For the overall sample, which includes foreign, domestic, public and private targets, there is a significant transitory pay increase. Pay changes are not affected by target nationality or organizational form,...

Persistent link: https://www.econbiz.de/10005813000

The Reflexive Properties of Corporate Governance Codes: The Reception of the 'Comply or Explain' Approach in Slovenia

Cankar, Nina; Deakin, Simon; Simoneti, Marko - ESRC Centre for Business Research - 2008

The Slovenian Corporate Governance Code for Public Joint-Stock Companies was adopted in March 2004. Using a systems-theoretical approach, we examine the extent to which the implementation of the Code has resulted in the kinds of 'reflexive' learning processes which the 'comply or explain'...

Persistent link: https://www.econbiz.de/10005813008

The Proprietary Foundations of Corporate Law

Armour, John; Whincop, Michael J - ESRC Centre for Business Research - 2005

Recent work in both the theory of the firm and of corporate law has called into question the appropriateness of analysing corporate law as ‘merely’ a set of standard form contracts. This article develops these ideas by focusing on property law’s role in underpinning corporate enterprise....

Persistent link: https://www.econbiz.de/10005813025

Regulating organizations through codes of corporate governance

Seidl, David - ESRC Centre for Business Research - 2006

Although codes of corporate governance have come to be widely used as a mode of regulating corporations, our understanding of how they function is still rather limited. In this paper we describe the design of such code regimes and propose a theoretical framework for studying their effects. On...

Persistent link: https://www.econbiz.de/10005813026

The Long-Run Performance of Hostile Takeovers: UK Evidence

Cosh, A; Guest, P - ESRC Centre for Business Research - 2001

This paper examines the long-run pre- and post-takeover performance of hostile takeovers in the U.K. from 1985 …-96. Prior to takeover, targets in hostile takeovers experience a significant deterioration in profit returns, and significantly … high prior to takeover. However, in the post-takeover period hostile takeovers show significant improvements in profit …

Persistent link: https://www.econbiz.de/10005813042