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The Effects of Convergence in Governance on Capital Accumulation in the Black Sea Economic Cooperation Countries

Veganzones, Marie-Ange; Aysan, Ahmet Faruk; Baykal, … - HAL - 2011

This paper aims to ascertain the effects of convergence in governance on investment decisions among a sample of 43 … governance are considered to be areas of higher investment, as a result of further integration and collaborative action among … process and, to a large extent, this is about institutional transformation. Good governance institutions are an assurance to …

Persistent link: https://www.econbiz.de/10008804713

Governance and Private Investment in the Middle East and North Africa

Aysan, Ahmet Faruk; Nabli, M.-K.; Veganzones, Marie-Ange - HAL - 2011

, with special emphasis on the role of governance. Based on the existing literature, we have categorized what types of … governance institutions are more detrimental to entrepreneurial investments. We have then estimated a simultaneous model of … private investment and governance quality where economic policies concurrently explain both variables. Our empirical results …

Persistent link: https://www.econbiz.de/10008805118

Anti-takeover Provisions as a Source of Innovation and Value Creation

Humphery-Jenner, M. - Tilburg University, Center for Economic Research - 2011

Managers are risk averse. Excessive risk-aversion can destroy shareholder wealth. A key source of risk is the threat of an opportunistic takeover designed to take advantage of depressed market prices. This is especially the case in innovative or hard-to-value (`HtV') companies whose price may be...

Persistent link: https://www.econbiz.de/10011091215

Internal and External Discipline Following Securities Class Actions

Humphery-Jenner, M. - Tilburg University, Center for Economic Research - 2011

Companies are sometimes accused of misleading the market. The SEC can punish this with enforcement actions. Alternatively, shareholders can seek redress through a shareholder class action (SCA). While some literature has examined SEC actions, it has not examined SCAs, and has not examined...

Persistent link: https://www.econbiz.de/10011092569