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Abe de Jong (1970) is Professor in Corporate Finance and Corporate Governance at RSM Erasmus University. He obtained a PhD in finance at Tilburg University (1999). His research and teaching interests are in the area of empirical corporate finance and include capital structure choice, dividend...
Persistent link: https://www.econbiz.de/10010730461
In this paper we present the results of an international survey among 313 CFOs on capital budgeting, cost of capital, capital structure, and corporate governance. We extend previous results of Graham and Harvey (2001) by broadening their sample internationally, by including corporate governance,...
Persistent link: https://www.econbiz.de/10010730904
While most economic organisation literature on cooperatives has focused on changes in income rights, we study changes in the allocation of decision rights between board of directors (representing members) and managers. The traditional role of the board is to direct the activities of the...
Persistent link: https://www.econbiz.de/10010730937
the shareholders. Corporate governance structures serve to constrain managers in their acquisition activity. In this … corporate governance, because the managerial board has a relatively strong position vis-à-vis shareholders. Several takeover … such fights. On the other hand, ownership is relatively concentrated, which may provide shareholders with the incentives …
Persistent link: https://www.econbiz.de/10010730980
We study annual general meetings of shareholders in the Netherlands. The Dutch corporate governance system is … legal protection of shareholders is poor due to takeover defenses, such as certificates, which deprive shareholders from … the shareholders is present at the meeting. This is low in comparison with shareholder turn-out in Anglo-Saxon countries …
Persistent link: https://www.econbiz.de/10010730998
Through a case study of Chinese Family Business Groups (FBGs) in East Asia, this paper examines the relationship between the strategic behaviour exhibited by an organisational form and it's administrative heritage. To do so, we trace the origins of the strategic behaviour which scholars commonly...
Persistent link: https://www.econbiz.de/10010731017
the preeminent position given to the Estates General as the VOC’s main principal, to the detriment of shareholders …’ interests. Protests by Isaac le Maire and Willem Usselinx about the board’s disregard for shareholders rooted in a conviction …, the perceived public interest of a strong military presence in Asia prevented shareholders’ protests from changing the …
Persistent link: https://www.econbiz.de/10010731126
examine six distinct categories of Japanese shareholders: foreign investors, investment funds, pen sion funds, banks and …
Persistent link: https://www.econbiz.de/10010731130
-growth strategic renewal trajectories. We also found a positive moderating effect of the proportion of shareholders from the Anglo …
Persistent link: https://www.econbiz.de/10010731160
This paper assesses the effectiveness of self-regulation to promote investor interests. The Netherlands provides an excellent opportunity to gather such evidence for two reasons. First, characteristics of the Dutch corporate governance structure have made it the recent focus of attention by the...
Persistent link: https://www.econbiz.de/10010731323