Showing 1 - 10 of 220
This paper investigates the role of institutional investors in the improvement of corporate governance for the companies in which they invest (investee companies) using evidence about the attributes of boards of directors across 15 countries. Furthermore, this paper examines the extent to which...
Persistent link: https://www.econbiz.de/10012520883
Based on the impact of industry extreme return on the attention of institutional investors, taking Chinese A-share listed companies from 2011 to 2020 as a sample, this paper empirically tests the relationship between institutional investors’ distraction and executive compensation stickiness...
Persistent link: https://www.econbiz.de/10014305662
The paper’s prime objective is to understand the impact of Shareholder activism on firm performance. This study is conducted in a unique setup where traditional activist investors such as pension funds and hedge funds are not present. However, the activism cases are increasing yearly in an...
Persistent link: https://www.econbiz.de/10013168731
Few can argue with the notion that corporations should at least consider corporate social responsibility (CSR) to better understand the impact of their operations on society. However, recent empirical tests suggest CSR has an ambiguous impact on firm performance. To shed new light on this...
Persistent link: https://www.econbiz.de/10013474479
This paper investigates the nature of volatility spillovers between stock returns and hedge funds returns in twelve Asia Pacific countries in the 1997-2018 period. The sample period encompasses sub periods, 1997 Asia financial crisis, 2008 Global financial crisis and 2010 Eurozone crisis; these...
Persistent link: https://www.econbiz.de/10013399819
The primary goal of this study was to investigate the effects of changes in corporate governance elements on a company’s valuable resources (such as intellectual capital and its components). Previous studies have examined the impacts of some corporate governance characteristics on intellectual...
Persistent link: https://www.econbiz.de/10014305527
We re-examined the seasonal pattern in the excess returns of highly visible American firms. In contrast to the seasonality for risky, less visible firms, we found that highly visible stocks display return seasonality that shows the opposite trend. Fund managers are prone to gamesmanship, putting...
Persistent link: https://www.econbiz.de/10012534530
been addressed despite the importance of dividends for shareholders and the implications on the free cash-flow, whose … application may be a source of conflicts between managers and shareholders. In this paper, we study the influence of a set of … the importance of governance mechanisms toward the protection of shareholders’ interests, and reveal that the decisions on …
Persistent link: https://www.econbiz.de/10012322365
This study investigates the effect of corporate governance reforms protecting minority shareholders on the firm value …
Persistent link: https://www.econbiz.de/10012404169
This paper investigates the shareholder wealth impact of government investment in listed companies (and by extension, government subsidisation of those companies), using data from Malaysia. We distinguish two overlapping categories of government-related investors: those whose principal mission...
Persistent link: https://www.econbiz.de/10012627662