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enterprise of social capital to value based management and the priorities of marketers. A plausible SCVA valuation method is …
Persistent link: https://www.econbiz.de/10005619665
This paper aims at explaining the differences in valuation of banking firms in Russia from a quality of governance … what price. We use price-to-book-value of equity (P/BV) multiple as standard measurement of valuation and the dependent … differences in valuation. We discover that external investors attach value to high concentration of ownership, sheer size of the …
Persistent link: https://www.econbiz.de/10005042720
This paper analyses accounting related to corporate governance and is organized as follows. The first section deals with understanding the concept of accounting conservatism. In the second section we analyzed the Relevance of Accounting Conservatism in Corporate Governance to the modern...
Persistent link: https://www.econbiz.de/10005837330
Recent studies have debated the impact of investor protection laws on firms’ corporate policies. I exploit the passage of state investor protection statutes (“blue sky laws”) in the U.S. in the early 20th century to estimate the effects of investor protection law on firm financing...
Persistent link: https://www.econbiz.de/10005061664
neighboring great powers as well as greater domestic unrest following unification in 1871, which led the government to direct …
Persistent link: https://www.econbiz.de/10005786993
legal possibility that the central and municipal government have the opportunity to borrow in order to implement their …
Persistent link: https://www.econbiz.de/10008728057
We explore market dynamics generated by the Santa-Fe Artificial Stock Market model. It allows to study how agents adapt themselves to a market dynamic without knowing its generation process. It was shown by Arthur and LeBaron, with the help of computer experiments, that agents in bounded...
Persistent link: https://www.econbiz.de/10005622019
Do jurisdictions with concentrated ownership structures require less reliance on audits as corporate governance mechanisms and devices? Why do concentrated ownership structures still prevail in certain jurisdictions which are considered to be “market based corporate governance systems”? More...
Persistent link: https://www.econbiz.de/10011267870
We study an agency problem in private universities — the conflict between controlling families and other stakeholders. We investigate whether universities over which controlling families have disproportionately significant power relative to the amount of funds they contribute, that is,...
Persistent link: https://www.econbiz.de/10011258770
The debate on competition and innovation has produced a wide range of theoretical and empirical findings. Recently, corporate governance quality has emerged as an additional factor that may complement or substitute for competition’s effect on innovation. We aim to contribute to the debate by...
Persistent link: https://www.econbiz.de/10011258940