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Israel’s compliance with International Organization of Securities Commissions’ objectives and Principles of Securities Regulation has been assessed. The regulatory regime is well developed and in most respects is comparable with that of major jurisdictions. For the most part, it is...
Persistent link: https://www.econbiz.de/10011242660
This paper surveys the foreign exchange markets, money and secondary government security markets, and stock exchanges in 107 smaller economy countries. The underdevelopment of these markets impedes risk transfer, monetary policy, corporate financing, and the capacity to absorb capital inflows....
Persistent link: https://www.econbiz.de/10011245902
Previous empirical studies concerning corporate hedging have investigated several arguments that have been suggested to … explain why corporate hedging is value-enhancing. Another stream of research examined the direct impact of hedging on firm … understanding the value of hedging activities. This paper aims to present a comprehensive overview of the theoretical and empirical …
Persistent link: https://www.econbiz.de/10010960493
This paper analyzes the impact of blockownership dispersion on firm value. Blockholdings by multiple blockholders is a widespread phenomenon in the U.S. market. It is not clear, however, whether dispersion among blockholder is preferable to having a more concentrated ownership structure. To test...
Persistent link: https://www.econbiz.de/10010986382
The aim of this study is to research the influence of ownership structure on firm value in order to provide, from our knowledge, the first results for the case of the Bucharest stock exchange listed companies. Therefore, we have considered the shareholdings of the following types of...
Persistent link: https://www.econbiz.de/10011268823
This paper analyzes the impact of blockownership dispersion on firm value. Blockholdings by multiple blockholders is a widespread phenomenon in the U.S. market. It is not clear, however, whether dispersion among blockholder is preferable to having a more concentrated ownership structure. To test...
Persistent link: https://www.econbiz.de/10008513240
Purpose - The main purpose of the present research is to study the relationship between ownership concentration and the type of ownership, i.e. state, firm (legal persons), individual, family, institutional – on the value of the companies listed in Tehran Stock Exchange (TSE)....
Persistent link: https://www.econbiz.de/10010746917
Corporate governance mechanisms were generated, due to a conflict of interest between owners and managers and to eliminate the problems of representation and assured shareholders that their funds will not be wasted because of investing on non-profit activities. Improving corporate governance is...
Persistent link: https://www.econbiz.de/10010706259
This study first examines whether it is appropriate to integrate the 13 observed corporate governance mechanisms into the multiconstruct of information transparency, ownership structure, board structure, and firm value, and further explores whether a company's simultaneous adoption of the...
Persistent link: https://www.econbiz.de/10010816778
Multiple blockholder structures are a widespread phenomenon in the U.S. The theoretical literature, however, provides conflicting predictions on whether a single large blockholder or a set of dispersed smaller blockholders is better for firm value. Using U.S. data, we find a negative correlation...
Persistent link: https://www.econbiz.de/10011052874