Narrow search
Showing 1 - 10 of 117
Cover Image
How do Mergers and Acquisitions Affect Bondholders in Europe? Evidence on the Impact and Spillover of Governance and Legal Standards
Renneboog, Luc; Szilagyi, P.G. - Tilburg University, Center for Economic Research - 2006
This paper contributes to the comparative corporate governance literature by showing how cross-country differences in governance and legal standards affect the bondholder wealth effects of European merger and acquisitions (M&As).Using investment-grade Eurobonds, we find some remarkable...
Persistent link: https://www.econbiz.de/10011090642
Cover Image
The Managerial Labor Market and the Governance Role of Shareholder Control Structures in the UK
Renneboog, Luc; Trojanowski, G. - Tilburg University, Center for Economic Research - 2002
mitigating agency problems between managers and shareholders.We find that both the CEO's industry-adjusted monetary compensation …
Persistent link: https://www.econbiz.de/10011092291
Cover Image
Corporate Governance Structures, Control and Performance in European Markets : A Tale of Two Systems
Renneboog, Luc; Crama, Y.; Leruth, L.; Urbain, J-P. - Tilburg University, Center for Economic Research - 1999
Traditionally share price returns and their variance have been explained by factors linked to the operations of the company such as systematic risk, corporate size and P/E ratios or by factors related to the influence of the macro-economic environment. In these models, the institutional...
Persistent link: https://www.econbiz.de/10011092775
Cover Image
Recent Developments in German Corporate Governance
Renneboog, Luc; Goergen, M.; Manjon, M.C. - Tilburg University, Center for Economic Research - 2004
been revised to prevent minority shareholders from stalling corporate restructuring via legal actions.The Takeover Act now … prescribes a tender offer as soon as an investor acquires at least 30% of a firm's equity.However, the Act also allows anti-takeover …
Persistent link: https://www.econbiz.de/10011090720
Cover Image
The Impact of Ownership Structure on Firm Performance : Evidence From a Large Emerging Market
Douma, S.W.; George, R.; Kabir, M.R. - Tilburg University, Center for Economic Research - 2002
We examine how ownership structure affects the performance of firms using firm level data from a large emerging market, India.We specifically focus on a previously unexplored phenomenon, namely the differential role played by foreign institutional and foreign corporate shareholders.An...
Persistent link: https://www.econbiz.de/10011090733
Cover Image
Corporate Governance Convergence : Evidence from Takeover Regulation Reforms in Europe
Renneboog, Luc; Goergen, M.; Martynova, M. - Tilburg University, Center for Economic Research - 2005
This paper contributes to the research on corporate governance by predicting the effects of European takeover … regulation.In particular, we investigate whether the recent reforms of takeover regulation in Europe are leading to a … collected the main changes in takeover regulation.We assess whether a process of convergence towards the Anglo …
Persistent link: https://www.econbiz.de/10011092169
Cover Image
A Corporate Governance Index : Convergence and Diversity of National Corporate Governance Regulations
Renneboog, Luc; Martynova, M. - Tilburg University, Center for Economic Research - 2010
shareholder and managers, between majority and minority shareholders, and between shareholders and bondholders. The analysis of …
Persistent link: https://www.econbiz.de/10011092184
Cover Image
Insider Trading, Option Exercises and Private Benefits of Control (Revision of DP 2010-32)
de Goeij, Peter; Renneboog, Luc; Cziraki, P. - Tilburg University, Center for Economic Research - 2010
We investigate patterns of abnormal stock performance around insider trades and option exercises on the Dutch market. Listed firms in the Netherlands have a long tradition of employing many anti-shareholder mechanisms limiting shareholders rights. Our results imply that insider transactions are...
Persistent link: https://www.econbiz.de/10011092693
Cover Image
The Importance of Trust for Investment : Evidence From Venture Capital (Revision of DP 2009-43)
Da Rin, Marco; Bottazzi, L.; Hellmann, T. - Tilburg University, Center for Economic Research - 2010
We examine the effect of trust on financial investment and contracting decisions in a micro-economic environment where trust is exogenous. Using hand-collected data on European venture capital, we show that the Eurobarometer measure of trust among nations significantly affects investment...
Persistent link: https://www.econbiz.de/10011090711
Cover Image
Institutional Investor Preferences and Executive Compensation (replaced by CentER DP 2012-004)
McCahery, J.A.; Sautner, Z. - Tilburg University, Center for Economic Research - 2011
In this paper, we investigate the attitudes of institutional investors, such as hedge funds, insurance companies, mutual funds and pension funds, towards a key corporate governance mechanism, namely executive compensation. The purpose of this study is to document the preferences they have about...
Persistent link: https://www.econbiz.de/10011090742