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Corporate Governance Mechanisms and Firm Financing in India
Kumar, Jayesh - EconWPA - 2005
This study investigates the firm financing patterns in India and the role of corporate governance mechanisms. We use firm-level time series data of nearly 2000 listed companies from 1994 through 2000, to analyze the firm’s corporate financing behavior in connection with its corporate...
Persistent link: https://www.econbiz.de/10005134838
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The dynamics of capital structure in transition economies
Nivorozhkin, Eugene - EconWPA - 2003
’ target financial leverage and the speed of adjustment to it in two transition economies, the Czech Republic and Bulgaria. We … explicitly model the adjustment of companies’ leverage to a target leverage, and this target leverage is itself explained by a … under investigation. Bulgarian companies adjusted much faster to the target leverage than Czech firms. The speed of …
Persistent link: https://www.econbiz.de/10005412747
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Innovation and Business Growth through Corporate Venturing in Latin America: Analysis of Strategic Fit
Rajagopal - EconWPA - 2005
study is based on empirical investigation through semi-structured interviews administered to the managers of multinational …
Persistent link: https://www.econbiz.de/10005076887
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Why Companies Go Private in Emerging Markets? Evidence from Poland
Kowalewski, Oskar; Jackowicz, Krzysztof - EconWPA - 2005
In recent years the number of going private transactions has sharply increased in emerging markets. The purpose of this study is to establish the financial characteristics of companies that have gone private using a dataset comprising of Polish companies. We use a probit model to distinguish the...
Persistent link: https://www.econbiz.de/10005077039
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Spinoffs, Privatization and Corporate Performance in Emerging Markets
Hanousek, Jan; Kocenda, Evzen; Svejnar, Jan - EconWPA - 2004
consistent with tunneling (looting) by managers or (partial) owners. The effects of privatization are hence much less clear …
Persistent link: https://www.econbiz.de/10005077066
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Does Ownership Structure Influence Firm Value? Evidence from India
Kumar, Jayesh - EconWPA - 2004
institutional investors and managers affect firm performance non- linearly, after controlling for observed firm characteristics and …
Persistent link: https://www.econbiz.de/10005134786
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The Transfer of Control in British and German IPOs
Goergen, Marc - EconWPA - 1998
This paper analyses the evolution of ownership and control in German and UK IPOs. In a first stage we try to explain why the pre-IPO shareholders of some firms sell out whereas those of other firms do not. German IPOs are matched by size with UK IPOs to obtain a first sample and matched by...
Persistent link: https://www.econbiz.de/10005134798
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Ownership Structure and Corporate Firm Performance
Kumar, Jayesh - EconWPA - 2003
Corporate Governance deals with the issue, how suppliers of finance to corporations assure themselves of getting a return on their investment. Several Studies have examined the relationship between managerial ownership and firm performance. Using different samples most of the studies provide...
Persistent link: https://www.econbiz.de/10005134932
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Ownership, Control and Corporate Performance after Large-Scale Privatization
Hanousek, Jan; Kocenda, Evzen; Svejnar, Jan - EconWPA - 2004
We analyze the effects of ownership type and concentration on performance of a population of firms in a model large-scale privatization economy. Using specifications based on first-differences and unique instrumental variables, we find that few types of private ownership improve dynamic...
Persistent link: https://www.econbiz.de/10005135012
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TOWARDS MODERNIZATION OF THE CORPORATE GOVERNANCE IN BULGARIA
Keremidchiev, Spartak - EconWPA - 2005
The paper aims at outlining the existing gaps in Bulgarian corporate governance compared to the standards and the state of corporate governance in developed market economies. The current state of corporate governance, the degree of ownership concentration as well as the strengths and weaknesses...
Persistent link: https://www.econbiz.de/10005412937