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Corporate goodness and shareholder wealth
Krüger, Philipp - In: Journal of Financial Economics 115 (2015) 2, pp. 304-329
Using a unique data set, I study how stock markets react to positive and negative events concerned with a firm׳s corporate social responsibility (CSR). I show that investors respond strongly negatively to negative events and weakly negatively to positive events. I then show that investors do...
Persistent link: https://www.econbiz.de/10011189254
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Family Control and Executive Compensation
Palmberg, Johanna - Ratioinstitutet - 2012
This paper examines the effect of family ownership and control on executive compensation in listed firms during the … more often. The econometric analysis shows that family control and ownership concentration reduce CEO compensation whereas …
Persistent link: https://www.econbiz.de/10009651234
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The Performance Effects of Corporate Board of Directors
Palmberg, Johanna - Ratioinstitutet - 2012
This paper examines the relationship between the board-member independence, family control, and financial performance …
Persistent link: https://www.econbiz.de/10009651235
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Ownership Structure, Board Composition and Investment Performance
Eklund, Johan; Palmberg, Johanna; Wiberg, Daniel - Ratioinstitutet - 2009
In this paper the relation between ownership structure, board composition and firm performance is explored. A panel of Swedish listed firms is used to investigate how board composition affects firm performance. Board heterogeneity is measured as board size, age and gender diversity. The results...
Persistent link: https://www.econbiz.de/10005642418
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Ownership Structure, Control and Firm Performance: The Effects of Vote Differentiated Shares
Bjuggren, Per-Olof; Eklund, Johan; Wiberg, Daniel - Ratioinstitutet - 2005
This paper contributes to the literature on ownership, control and performance by exploring these relationships for … negative impact on investment performance and firm value when control instruments that separate votes from capital share are …
Persistent link: https://www.econbiz.de/10005642406
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Family Ownership and Returns on Investment – Founders, Heirs, and External Managers
Eklund, Johan E.; Palmberg, Johanna; Wiberg, Daniel - Ratioinstitutet - 2010
This paper investigates how family ownership, control, and management affect firms’ investment performance. We use the …
Persistent link: https://www.econbiz.de/10008563369
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China׳s secondary privatization: Perspectives from the Split-Share Structure Reform
Liao, Li; Liu, Bibo; Wang, Hao - In: Journal of Financial Economics 113 (2014) 3, pp. 500-518
-owned enterprises (SOEs), opening up the gate to China׳s secondary privatization. The expectation of privatization quickly boosted SOE … SOE performance are positively correlated to government agents’ privatization-led incentive of increasing state …-owned share value. In terms of privatization methodology, the reform adopted a market mechanism that played an effective …
Persistent link: https://www.econbiz.de/10011039280
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The Return to R&D and Seller-buyer Interactions: A Quantile Regression Approach
Westerberg, Hans Seerar - Ratioinstitutet - 2014
In this paper we analyze whether a firm’s return to its R&D stock is affected by seller-buyer interactions. We suggest that firms that are in close contact with their customers will be relatively more sensitive to their customers’ needs, and therefore adjust their R&D activities accordingly....
Persistent link: https://www.econbiz.de/10011096116
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Risk tolerance and entrepreneurship
Hvide, Hans K.; Panos, Georgios A. - In: Journal of Financial Economics 111 (2014) 1, pp. 200-223
A theoretical tradition argues that more risk tolerant individuals are more likely to become entrepreneurs but perform worse. We test and confirm these predictions with several risk tolerance proxies. Using investment data for 400,000 individuals, we find that common stock investors are around...
Persistent link: https://www.econbiz.de/10010718731
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Skatterna, företagandet och tillväxten
Du Rietz, Gunnar; Johansson, Dan - Ratioinstitutet - 2003
I artikeln studeras de samlade skatteeffekterna på lönsamheten för en entreprenör av att äga och driva, samt ärva, ett företag under perioden 1970-2002. De totala skatteeffekterna har gjort det olönsamt att äga och driva ett entreprenörslett företag under en stor del av perioden....
Persistent link: https://www.econbiz.de/10005190439