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The Role of Accounting Conservatism in a well-functioning Corporate Governance System
Narayanan, Supreena; Burkart, Mike - Volkswirtschaftliche Fakultät, … - 2005
with understanding the concept of accounting conservatism. In the second section we analyzed the Relevance of Accounting … conclusion of our research efforts. From this study, we conclude that there are several reasons to use accounting conservatism in … value of β3 in Table 1 indicates that there is a positive significant level of conservatism in accounting practices followed …
Persistent link: https://www.econbiz.de/10005837330
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Audits, audit quality and signalling mechanisms: concentrated ownership structures
Marianne, Ojo - Volkswirtschaftliche Fakultät, … - 2013
Do jurisdictions with concentrated ownership structures require less reliance on audits as corporate governance mechanisms and devices? Why do concentrated ownership structures still prevail in certain jurisdictions which are considered to be “market based corporate governance systems”? More...
Persistent link: https://www.econbiz.de/10011267870
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Audits, audit quality and signalling mechanisms: concentrated ownership structures
Marianne, Ojo - Volkswirtschaftliche Fakultät, … - 2013
Do jurisdictions with concentrated ownership structures require less reliance on audits as corporate governance mechanisms and devices? Why do concentrated ownership structures still prevail in certain jurisdictions which are considered to be “market based corporate governance systems”? More...
Persistent link: https://www.econbiz.de/10011261026
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A Comparative Analysis of the Legal Obstacles to Institutional Investor Activism in Europe and in the US
Santella, Paolo; Baffi, Enrico; Drago, Carlo; Lattuca, Dino - Volkswirtschaftliche Fakultät, … - 2008
Starting from the observation that at the multilateral level shareholder activism is considered as an important aspect of good corporate governance, this paper examines several legal and economic obstacles to institutional investor activism in the EU and in the US. We also examine the voting...
Persistent link: https://www.econbiz.de/10005836299
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Agency cost, corporate governance and ownership structure: the case of Pakistan
Sajid, Gul; Muhammad, Sajid; Nasir, Razzaq; Farman, Afzal - Volkswirtschaftliche Fakultät, … - 2012
The article attempts to investigate the role of ownership structure and corporate governance in mitigating agency cost in a sample of 50 firms selected on the basis of market capitalization from “Karachi Stock Exchange” during the period 2003 to 2006. We used the proxy asset utilisation...
Persistent link: https://www.econbiz.de/10011260596
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Ownership Structure and Corporate Control in Bulgaria
Tchipev, Plamen D - Volkswirtschaftliche Fakultät, … - 2001
The paper presents the actual ownership structure of public companies in Bulgaria on the basis of a survey of 104 of the companies traded on the Bulgarian Stock Exchange. It discusses as well the problems of disclosure of ownership information, focusing on the transposition of the EC Large...
Persistent link: https://www.econbiz.de/10011260600
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Privatisation versus capital market: the corporate governance case of Bulgaria
Tchipev, Plamen D - Volkswirtschaftliche Fakultät, … - 2000
The paper presents some of the results of a survey of ownership sructure. The survey uses the classic tradition in the treatment of the problem,stating that the means for effective control on the management of the enterprise are determined by the scale and the distribution of the shareholders’...
Persistent link: https://www.econbiz.de/10009654240
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Governance and performance of Tunisian banks
Trabelsi, Mohamed Ali - Volkswirtschaftliche Fakultät, … - 2009
Developing banking standards is an important process for a country’s financial and economic well being. Their importance incites governments to insure the stability and the good performance of their banking systems. Accordingly, several researchers pay a particular attention to banking...
Persistent link: https://www.econbiz.de/10008694021
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Ownership Structure and Firm Performance in Russia: The Case of Blue Chips of the Stock Market
Kuznetsov, Pavel; Muravyev, Alexander - Volkswirtschaftliche Fakultät, … - 2001
Based on panel data from 1995 – 1997, the paper focuses on the impact of ownership structure on the performance of Russian non-financial privatized companies that constitute the group of "blue chips" of the country's stock market. We find that ownership concentration results in higher...
Persistent link: https://www.econbiz.de/10008753071
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The puzzle of dual class stock in Russia: Explaining the price differential between common and preferred shares
Muravyev, Alexander - Volkswirtschaftliche Fakultät, … - 2004
This paper attempts to explain a large premium paid on common (voting) shares relative to preferred (non-voting) shares in the Russian stock market. Empirical analysis focuses on two main explanations relating the premium either to the voting right attached to common shares or to differences in...
Persistent link: https://www.econbiz.de/10008776870