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The Allocation of Economic Capital in Opaque Financial Conglomerates
Mierzejewski, Fernando - 2009
The capital structure of firms that face restrictions on liquidity (i.e. that cannot hedge continuously) is affected by the agency costs and moral-hazard implicit in the contracts they establish with stockholders and customers. It is demonstrated in this paper that then an optimal level of...
Persistent link: https://www.econbiz.de/10013159445
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Horizontal and Vertical Firm Networks, Corporate Performance and Product Market Competition
Bischoff, Oliver - 2015
This paper sheds new light on the assessment of firm networks via multiple directorships in terms of corporate firm performance. Using a large sample of European listed firms in the period from 2003 to 2011 and system GMM we find a significant compensation effect on corporate firm performance...
Persistent link: https://www.econbiz.de/10013024843
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GDP and insolvency
Staszkiewicz, Piotr W. - Volkswirtschaftliche Fakultät, … - 2013
The correlation analysis was conducted on dynamic of GDP and company failure rate for Poland, Europe and USA for the period 2003-2011; it was found a negative correlation. An analysis was undertaken for the relation between the rate of corporate failure in Poland and the rate of change of overall...
Persistent link: https://www.econbiz.de/10011259056
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CAUSES OF BANKRUPTCY IN EUROPE AND CROATIA
Novak, Branko; Sajter, Domagoj - Volkswirtschaftliche Fakultät, … - 2007
most part transferred from the corresponding German Insolvenzordnung (Insolvency law), German experiences in this field are …-Saxon legislative theory and practice is relatively different from those of mainland Europe, therefore making it attractive for …) insolvency causes will be studied. Euler Hermes Kreditversicherung and the Center for Insolvency and Reorganization at the …
Persistent link: https://www.econbiz.de/10005789381
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Pricing of retail deposits in Croatia: including the premium for country default
Vidakovic, Neven - Volkswirtschaftliche Fakultät, … - 2014
The pricing of interest rates on retail deposits in Croatia does not follow standard term structure or quantity premium for pricing deposits. Banks often pay no premium on time or on quantity of deposits. On one hand this is not surprising since the banking sector has been very liquid for last...
Persistent link: https://www.econbiz.de/10011107245
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On the fundamentals of winning virtuous strategies creation toward leveraged buyout transactions implementation during private equity investment in conditions of resonant absorption of discrete information in diffusion - type financial system with induced nonlinearities
Ledenyov, Dimitri O.; Ledenyov, Viktor O. - Volkswirtschaftliche Fakultät, … - 2014
induced nonlinearities. We formulate the Ledenyov theory on the winning virtuous strategies creation toward the leveraged …
Persistent link: https://www.econbiz.de/10011107335
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Identifying the Factors that Affect the Financial Sustainability in Balochistan Province of Pakistan
Sadiq, Waseem - Volkswirtschaftliche Fakultät, … - 2013
This study defines the factors affecting the financial sustainability in province of Balochistan. This research also describes that the financial sustainability in Balochistan is influenced by multiple diverse macro and micro level factors those create barriers and obstacles for development of...
Persistent link: https://www.econbiz.de/10011107356
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An Analysis of Withdrawn Shareholder Proposals
Foley, Maggie; Cebula, Richard; Jun, Chulhee - Volkswirtschaftliche Fakultät, … - 2013
This study visits the role of shareholder proposals in the governance of public corporations by studying withdrawn shareholder proposals. Among all shareholders, unions are the most likely to withdraw proposals. Furthermore, firms with a record of poor performance, lower insider ownership and...
Persistent link: https://www.econbiz.de/10011107357
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Value-Based Management and Corporate Governance: a Study of Serbian Corporations
Stancic, Predrag; Todorovic, Miroslav; Cupic, Milan - Volkswirtschaftliche Fakultät, … - 2012
The aim of this paper is to determine the place and role of corporate governance and performance measures in the efforts of managers to maximize shareholder value, and the attitude of Serbian corporations toward these issues. The paper first analyses the importance of corporate governance and...
Persistent link: https://www.econbiz.de/10011107418
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La structure du capital et la profitabilité Une étude empirique sur données de panel françaises
Kebewar, mazen - Volkswirtschaftliche Fakultät, … - 2012
explained by three essential theories: signaling theory, tax theory and the agency costs theory. From a sample of 9136 firms …
Persistent link: https://www.econbiz.de/10011107505