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patterns. The paper also suggests an important role for banks in helping predators accumulate, and avoid the disclosure of …
Persistent link: https://www.econbiz.de/10011608338
Corporate governance is concerned with the resolution of collective action problems among dispersed investors and the reconciliation of conflicts of interest between various corporate claimholders. In this survey we review the theoretical and empirical research on the main mechanisms of...
Persistent link: https://www.econbiz.de/10014023875
This chapter surveys the theoretical and empirical research on the main mechanisms of corporate law and governance, discusses the main legal and regulatory institutions in different countries, and examines the comparative governance literature. Corporate governance is concerned with the...
Persistent link: https://www.econbiz.de/10014023498
takeovers to test whether group structure, large shareholders, and bank control affect their value to shareholders. First, I … find that takeovers increase bidder value, but generally not that of the business group surrounding it. Second, majority … shareholder. Fourth, the worst takeovers are completed by firms that are majority-controlled by financial institutions. …
Persistent link: https://www.econbiz.de/10011608484
In this study we provide evidence of cross-sectional dependence of bidder-shareholder wealth and target’s board characteristics. More specifically we provide evidence that the percentage of non-executives, the board size, the stock holdings of executives, and the other directorships held by...
Persistent link: https://www.econbiz.de/10005162855
takeovers to test whether group structure, large shareholders, and bank control affect their value to shareholders. First, I … find that takeovers increase bidder value, but generally not that of the business group surrounding it. Second, majority … shareholder. Fourth, the worst takeovers are completed by firms that are majority-controlled by financial institutions. …
Persistent link: https://www.econbiz.de/10005423210
This study analyzes the effect that banks' investments in corporate social responsibility (CSR) have on bank … performance. I find that banks' investments in CSR have a positive impact on financial performance, measured in terms of both … constituents value bank CSR activities. I find that CSR-related value creation is primarily a result of banks' external investments …
Persistent link: https://www.econbiz.de/10012321121
Debtholder stewardship refers to the involvement of corporate creditors in a firm’s governance framework with the aim of improving corporate decision-making. This article develops the theory of debtholder stewardship by identifying the mechanisms of debtholder influence, assessing their...
Persistent link: https://www.econbiz.de/10013403912
Recent studies indicate that lending portfoliocomposition in Islamic banks is concentrated towardsdebt-based lending … portfolio; however, the ideal lending portfoliocomposition in Islamic banks should be an equity-based lending portfolio. This … article explores the effects of the internal governance factors on lending portfolio compositionofIslamic banks in the GCC …
Persistent link: https://www.econbiz.de/10014420389
(long-term incentive) for commercial banks (conventional and Islamic banks) in MENA countries. Specifically, we take board … Islamic banks in testing these relationships. Using a sample of 65 banks in MENA countries for the period between 2009 and …
Persistent link: https://www.econbiz.de/10014502318