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The level of shareholders' expertise and experience needs to be questioned as they wield greater clout and become more … deeply involved in strategic issues that should be the board's purview. This misdirected involvement distracts shareholders … from their principal and most important role: electing and overseeing boards. To play that role, shareholders must have the …
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Despite the discovery fifty years ago, of drugs that can cure tuberculosis (TB), the disease still remains a top killer worldwide. The note stipulates that one third of the world's population is infected by Mycrobacterium Tuberculosis, and while ninety percent of infected individuals never...
Persistent link: https://www.econbiz.de/10012554815
"The authors jointly analyze the static, selection, and dynamic effects of domestic, foreign, and state ownership on bank performance. They argue that it is important to include indicators of all the relevant governance effects in the same model. "Nonrobustness" checks (which purposely exclude...
Persistent link: https://www.econbiz.de/10010522568
"The authors examine the effects of taxation on financing policy using the corporate tax reform in 2001 in Croatia as a natural experiment. Since the extant literature on tax effects on capital structure studies listed firms in developed countries, it is worth investigating whether the same...
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"Zervos documents the precise costs of debt and equity issuance, both domestically and internationally, for firms in Brazil, Chile, and Mexico. Costs include investment banking and legal fees, regulatory and exchange listing costs, rating agency fees, and expenditures for marketing and...
Persistent link: https://www.econbiz.de/10010522910
"Da Silva, Estache, and Jarvela describe the evolution of the financing structure of regulated privatized utilities and transport companies. To do so, they rely on a sample of 121 utilities distributed over 16 countries, and 23 transport infrastructure operators and 23 transport services...
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