Narrow search
Showing 1 - 10 of 94
Cover Image
International cross-listing, firm performance and top management turnover: a test of the bonding hypothesis
Lel, Ugur; Miller, Darius P. - Federal Reserve Board (Board of Governors of the … - 2006
We examine a primary outcome of corporate governance, the ability to identify and terminate poorly performing CEOs, to test the effectiveness of U.S. investor protections in improving the corporate governance of cross-listed firms. We find that firms from weak investor protection regimes that...
Persistent link: https://www.econbiz.de/10005368296
Cover Image
Corporate governance and the shareholder base
Lins, Karl V.; Warnock, Francis E. - Federal Reserve Board (Board of Governors of the … - 2004
enough to fully compensate them for expected expropriation or increased estimation risk associated with expected poor …
Persistent link: https://www.econbiz.de/10005368318
Cover Image
Commencement address : a speech at the Wharton School, University of Pennsylvania, Philadelphia, Pennsylvania, May 15, 2005
Greenspan, Alan - Federal Reserve Board (Board of Governors of the … - 2005
Persistent link: https://www.econbiz.de/10010725120
Cover Image
Currency hedging and corporate governance: a cross-country analysis
Lel, Ugur - Federal Reserve Board (Board of Governors of the … - 2006
denominated debt as an alternative strategy to hedge currency risk, selection bias, and a possible endogeneity between hedging …
Persistent link: https://www.econbiz.de/10005498731
Cover Image
External governance and debt agency costs of family firms
Ellul, Andrew; Guntay, Levent; Lel, Ugur - Federal Reserve Board (Board of Governors of the … - 2007
extraction and higher bankruptcy risk--can exacerbate debt agency costs. The actual impact can go either way and what matters …
Persistent link: https://www.econbiz.de/10005498775
Cover Image
Agency problems in public firms: evidence from corporate jets in leveraged buyouts
Edgerton, Jesse - Federal Reserve Board (Board of Governors of the … - 2011
This paper uses rich, new data to examine the fleets of corporate jets operated by both publicly traded and privately held firms. In the cross-section, firms owned by private equity funds average jet fleets at least 40 percent smaller than observably similar publicly-traded firms. Similar fleet...
Persistent link: https://www.econbiz.de/10008872034
Cover Image
Commencement address : a speech at the Wharton School, University of Pennsylvania, Philadelphia, Pennsylvania, May 15, 2005
Greenspan, Alan - Federal Reserve Board (Board of Governors of the … - 2005
Persistent link: https://www.econbiz.de/10005390215
Cover Image
Corporate Governance and Risk Management at Unprotected Banks: National Banks in the 1890s
Calomiris, Charles W.; Carlson, Mark A. - Federal Reserve Board (Board of Governors of the … - 2014
policies, risk, and methods of risk management. Formal corporate governance is lower when manager ownership shares are higher … governance controls are employed. Banks with higher managerial ownership target lower default risk. Higher managerial ownership … and less-formal governance are associated with a greater reliance on cash rather than capital as a means of limiting risk …
Persistent link: https://www.econbiz.de/10010784155
Cover Image
Government Connections and Financial Constraints: Evidence from a Large Representative Sample of Chinese Firms
Cull, Robert; Li, Wei; Sun, Bo; Xu, Lixin Colin - Federal Reserve Board (Board of Governors of the … - 2015
We examine the role of firms' government connections, defined by government intervention in CEO appointment and the status of state ownership, in determining the severity of financial constraints faced by Chinese firms. We demonstrate that government connections are associated with substantially...
Persistent link: https://www.econbiz.de/10011269077
Cover Image
Firm Entry and Employment Dynamics in the Great Recession
Siemer, Michael - Federal Reserve Board (Board of Governors of the … - 2014
The 2007-2009 recession is characterized by: a large drop in employment, an unprecedented decline in firm entry, and a slow recovery. Using confidential firm-level data, I show that financial constraints reduced employment growth in small relative to large firms by 4.8 to 10.5 percentage points....
Persistent link: https://www.econbiz.de/10010886223