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Shareholder activism and its impact on profitability, return, and valuation of the firms in India
Shingade, Sudam; Rastogi, Shailesh; Bhimavarapu, … - In: Journal of risk and financial management : JRFM 15 (2022) 4, pp. 1-20
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
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Government subsidisation and shareholder wealth impact : evidence from Malaysia
Sinnadurai, Philip; Ravichandran K. Subramaniam; S. … - In: Journal of risk and financial management : JRFM 14 (2021) 9, pp. 1-24
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
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Understanding post-privatisation performance of statutory bodies subject to government shareholding : a suggested theoretical framework, for malaysian researchers
Sinnadurai, Philip; S. Susela Devi - In: Journal of risk and financial management : JRFM 15 (2022) 5, pp. 1-15
The purpose of this concept paper is to suggest a theoretical framework for understanding the post-privatisation performance of statutory bodies, subject to government shareholding. We identify a suitable model, from the analytical economics literature. We argue that this model is a...
Persistent link: https://www.econbiz.de/10013273495
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CSR and firm risk : is shareholder activism a double-edged sword?
Bozos, Konstantinos; King, Timothy; Koutmos, Dimitrios - In: Journal of risk and financial management : JRFM 15 (2022) 11, pp. 1-22
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
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Impact of change in promoters' shareholding pattern on the performance of small-cap-value equity stocks in the national stock exchange of India
Khatwani, Ritesh Ashok; Raghuram, Gopala; Mishra, Mahima; … - In: Journal of risk and financial management : JRFM 16 (2023) 1, pp. 1-15
This paper studies the impact of a change in promoter shareholding on small-cap-value stocks. NIFTY Small Cap 250 index stocks within the top 20th percentile of the book-to-market (B/M) ratio of the same universe have been considered for this study. The paper uses regression analysis for...
Persistent link: https://www.econbiz.de/10014295010
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Corporate governance and dividend policy in the presence of controlling shareholders
Rodrigues, Ricardo; Felício, J. Augusto; Matos, Pedro Verga - In: Journal of risk and financial management : JRFM 13 (2020) 8/162, pp. 1-15
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
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The role of institutional investors in improving board of director attributes around the world
Alshabibi, Badar - In: Journal of risk and financial management : JRFM 14 (2021) 4, pp. 1-33
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
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Reforms protecting minority shareholders and firm performance : international evidence
Burunciuc, Corina; Gonenc, Halit - In: Journal of risk and financial management : JRFM 14 (2021) 1/5, pp. 1-24
This study investigates the effect of corporate governance reforms protecting minority shareholders on the firm value …
Persistent link: https://www.econbiz.de/10012404169
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The role of investor relations and good corporate governance on firm performance in the case of the companies listed on the Bucharest Stock Exchange
Mihail, Bogdan Aurelian; Dumitrescu, Dalina; Serban, Daniela - In: Journal of risk and financial management : JRFM 14 (2021) 12, pp. 1-12
The objective of this paper is to investigate the role of Investor Relations (IR) in the performance of companies listed on the Bucharest Stock Exchange. The study is motivated by the findings in the literature that investor relations may boost information disclosure, analyst following,...
Persistent link: https://www.econbiz.de/10012798373
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The relationship between governance quality and the cost of equity capital in Italian listed firms : an update
Bertoncelli, Francesca; Fandella, Paola; Sironi, Emiliano - In: Journal of risk and financial management : JRFM 14 (2021) 3, pp. 1-16
This paper investigates the relationship between corporate governance quality and the cost of equity capital, intended as the discount rate the market applies to a firm’s expected future cash flows to evaluate the current share price. Using data from the Italian listed corporations in 2018,...
Persistent link: https://www.econbiz.de/10012520050