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Reforming the Corporate Governance of Italian Banks

Jassaud, Nadège - 2014

Sound corporate governance is essential for a well-functioning banking system and the integrity of financial markets. The paper discusses the corporate governance of Italian banks, its regulatory framework, and the specific challenges arising from the role played by foundations and large...

Persistent link: https://www.econbiz.de/10014411639

Integrated ownership and control in the GCC corporate sector

Santos, André Oliveira - 2015

The objective of the paper is to assess ownership and control links in the GCC corporate sector. The analysis focuses on the integrated ownership and network arising from ownership data available in Bloomberg and GCC stock exchanges. The paper finds that ownership is concentrated in GCC public...

Persistent link: https://www.econbiz.de/10011373923

Reforming the corporate governance of Italian banks

Jassaud, Nadège - 2014

Persistent link: https://www.econbiz.de/10010441888

Are passive institutional investors engaged monitors or risk-averse owners? : both!

Yang, Yuanchen - 2021

We differentiate the effects of passive institutional investors, which mainly refer to index funds that adopt a passive portfolio strategy, on firms' innovation activities and innovation strategies. Relying on plausibly exogenous variation in passive institutional ownership generated by Russell...

Persistent link: https://www.econbiz.de/10012612334

How Does Privatization Work? : Ownership Concentration and Enterprise Performance in Ukraine

Pivovarsky, Alexander - 2001

This paper investigates the relationship between ownership concentration and enterprise performance in Ukraine. Using data on 376 medium and large enterprises, it finds that ownership concentration is positively associated with enterprise performance in Ukraine. The paper also finds that...

Persistent link: https://www.econbiz.de/10014399964

Complex Ownership Structures and Corporate Valuations

Laeven, Luc - 2007

The bulk of corporate governance theory examines the agency problems that arise from two extreme ownership structures: 100 percent small shareholders or one large, controlling owner combined with small shareholders. In this paper, we question the empirical validity of this dichotomy. In fact,...

Persistent link: https://www.econbiz.de/10014401077

A Taxonomy of Automated Trade Execution Systems

Domowitz, Ian - 1992

A taxonomy of existing and planned automated trade execution systems in financial markets is provided. Over 50 automated market structures in 16 countries are analyzed. The classification scheme is organized around the principle that such markets consist of an algorithm that performs a trade...

Persistent link: https://www.econbiz.de/10014398147

Demutualization of Securities Exchanges : A Regulatory Perspective

Elliott, Jennifer A. - 2002

Demutualization is a term used to describe the transition of a securities exchange from a mutual association of … exchange members operating on a not-for-profit basis to a limited liability, for-profit company accountable to shareholders …. Demutualization in its many forms has become a widespread phenomenon-one with increasing appeal in emerging market countries …

Persistent link: https://www.econbiz.de/10014401669

International Corporate Governance Spillovers : Evidence from Cross-Border Mergers and Acquisitions

Albuquerque, Rui - 2013

corporate control promotes the adoption of better corporate governance practices around the world …

Persistent link: https://www.econbiz.de/10014394542

Financial Frictions, Investment, and Institutions

Yafeh, Yishay - 2010

Financial frictions have been identified as key factors affecting economic fluctuations and growth. But, can institutional reforms reduce financial frictions? Based on a canonical investment model, we consider two potential channels: (i) financial transaction costs at the firm level; and (ii)...

Persistent link: https://www.econbiz.de/10014397491