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Cornelli, Francesca; Kominek, Zbigniew; Ljungqvist, … - 2010

We test under what circumstances boards discipline managers and whether such interventions improve performance. We exploit exogenous variation due to the staggered adoption of corporate governance laws in formerly Communist countries coupled with detailed ‘hard’ information about the...

Persistent link: https://www.econbiz.de/10008702077

What is different about government-controlled acquirers in cross-border acquisitions?

Karolyi, G. Andrew; Liao, Rose C. - 2010

We examine the motives for and consequences of 5,317 failed and completed cross-border acquisitions constituting $619 billion of total activity that were led by government-controlled acquirers over the period from 1990 to 2008. We benchmark this activity at the aggregate country level and also...

Persistent link: https://www.econbiz.de/10008702754

European takeover law : the case for a neutral approach

Enriques, Luca - 2010

This paper argues that in revising the Takeover Bid Directive, EU policymakers should adopt a neutral approach toward … kind. Unfortunately, takeover rules cannot be crafted so as to hinder all the bad takeovers while at the same time … current EC legal framework for takeovers overall hinders takeover activity in the EU, the paper identifies three rationales …

Persistent link: https://www.econbiz.de/10008728815

Are there waves in merger activity after all?

Gärtner, Dennis (contributor); Halbheer, Daniel (contributor) - 2004 - September 2004, revised February 2006

This paper investigates the merger wave hypothesis for the US and the UK employing a Markov regime switching model. Using quarterly data covering the last thirty years, for the US, we identify the beginning of a merger wave in the mid 1990s but not the much-discussed 1980s merger wave. We argue...

Persistent link: https://www.econbiz.de/10002521615

Affiliated mutual funds and analyst optimism

Mola, Simona (contributor); Guidolin, Massimo (contributor) - 2007

Persistent link: https://www.econbiz.de/10003740614

Sovereign wealth fund investment patterns and performance

Bortolotti, Bernardo; Fotak, Veljko; Megginson, William L. - 2009

We examine 802 investments by 33 Sovereign Wealth Funds (SWFs) in publicly traded companies between May 1985 and November 2009, and find that SWFs tend to invest in large, levered, profitable growth firms, usually headquartered in an OECD country. Announcements of SWF investments yield...

Persistent link: https://www.econbiz.de/10008810291

The performance of socially responsible funds : does the screening process matter?

Capelle-Blancard, Gunther; Monjon, Stéphanie - 2011

Persistent link: https://www.econbiz.de/10009377815

SRI funds : investor demand, exogenous shocks and ESG profiles

Białkowski, Je̜drzej; Starks, Laura T. - 2016

Persistent link: https://www.econbiz.de/10011514482

As American as Apple Inc. : international tax and ownership nationality

Sanchirico, Chris William - 2014

The ownership nationality of large US multinational companies plays an implicit but important role in the current debate over how such companies should be taxed. This paper identifies that role and investigates what is actually known about where these companies’ shareholders reside

Persistent link: https://www.econbiz.de/10011387732

Evaluating Danish mutual fund performance

Christiansen, Michael - 2003

Persistent link: https://www.econbiz.de/10001746732

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