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As a result of the publication of the Code of Corporate Good Governance in 1998, known as the Olivencia Code, some companies voluntarily created an audit committee, after the recommendation of the Code in which all companies, especially listed, were encouraged to create them. Therefore, the aim...
Persistent link: https://www.econbiz.de/10005212523
irregularly spaced in time. The estimates are used to measure the liquidity of the market and the effect of the introduction of … market makers on liquidity. Este trabajo analiza la dinámica de los cambios de precios en el mercado de futuros español y sus …
Persistent link: https://www.econbiz.de/10005212535
This paper analyzes the relationship between ownership concentration andshares liquidity for a sample of 115 listed … directors,major shareholders and outside shareholders on liquidity. We do not find evidence ofthe influence of liquidity on the …. Therefore,firms with higher ownership concentration present larger informative asymmetry,having less liquidity. Este trabajo …
Persistent link: https://www.econbiz.de/10005731121
anomalous returns. Also, it is investigated the determinant factors of the split size, its effects on the liquidity and the … improvement in the assets liquidity. They suggest that market microstructure phenomena bias upward the average abnormal returns …
Persistent link: https://www.econbiz.de/10005731172
This paper analyzes the determinants of the corporate cash holding for a sampleof companies listed in the Spanish stock market. The results show that the firms have acorporate cash holding target level, and that this level is greater in companies withgreater cash flows. On the other hand, cash...
Persistent link: https://www.econbiz.de/10005812848
The aim of this paper is to study which are the main determinants of the transition rate probability of leaving the education system and enter into different labour market states. Here, we made an analysis of several controversial terminological aspects of the concepts used to define the more...
Persistent link: https://www.econbiz.de/10005812834