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Poland and Romania made important steps of it, Bulgaria was about to change it radically and Slovakia seemed to had it …. Tchipev, involved scholars from Bulgaria, Czech Republic, Poland, Romania, Slovakia, The Netherlands and the United Kingdom … Bulgaria and Czech Republic after the official distributive process started an intensive intra-fund exchange of packages of …
Persistent link: https://www.econbiz.de/10011019157
presents the results from a comparative research on mass privatisation schemes in Bulgaria, Czech Republic, Poland, Romania … analytical model. Chaperet 1 presents the data and results for Bulgaria. The Bulgarian case shaped in almost 90% of all the …
Persistent link: https://www.econbiz.de/10011019173
easily accessible information. Bulgaria has a relatively well developed legal framework for ensuring fair disclosure. Its … that the issue is resolved finally or completely. The proposed paper analyses the disclosure process in Bulgaria. It is …
Persistent link: https://www.econbiz.de/10009220662
In this paper, we show that ownership structures vary considerably across Europe, and that the dominant form of ownership is not necessarily the most efficient one. These findings are in contradiction to similar research based on US samples. The results also demonstrate that firms without a...
Persistent link: https://www.econbiz.de/10010884735
Persistent link: https://www.econbiz.de/10010904581
Although recent research documents a positive relation between corporate transparency and the proportion of independent directors, the direction of causality is unclear. We examine a regulatory shock that substantially increased board independence for some firms, and find that information...
Persistent link: https://www.econbiz.de/10010906191
We document, describe and interpret changes in New Zealand corporate board characteristics between 1995 and 2010, a period centred around the 2003 introduction of the NZX Corporate Governance Best Practice Code. Unsurprisingly, the representation of non-executive, independent and female...
Persistent link: https://www.econbiz.de/10010907415
This study applies event study methodology to the outcomes of the 2005 election of the German Bundestag. Results are compared to those of Goldman, Rocholl and So (2009) who found that following the 2000 presidential election in the US, value effects were positive for firms connected to the...
Persistent link: https://www.econbiz.de/10010942347
We use a sample of 3677 European IPOs during the period 1998–2012 to examine how the adoptions of corporate governance codes by Member States of the European Union (EU) have affected IPO underpricing on Member State-regulated markets, where issuers are subject to corporate governance rules...
Persistent link: https://www.econbiz.de/10010943181
This article provides a framework for analysing the character and degree of ownership engagement by institutional investors.It argues that the general term “institutional investor” in itself doesn’t say very much about the quality or degree of ownership engagement. It is therefore an...
Persistent link: https://www.econbiz.de/10011007280