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CORPORATE GOVERNANCE: CHALLENGES FOR LATIN AMERICA
LEFORT, FERNANDO; WALKER, EDUARDO - In: Abante 2 (2000) 2, pp. 99-111
, property and control structures in Chile, Brazil, Mexico and East Asia. Also, the role of pension funds in Chilean corporate …
Persistent link: https://www.econbiz.de/10005813742
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Conflicts of Interest : Disclosure, Incentives, and the Market
Bahar, Rashid - 2007
Conflicts of interests are at the heart of numerous problems in business and finance. The law has not ignored them. The obligation to avoid or manage them finds its roots in the duty of loyalty. This duty is common to both the Anglo-American and Continental European legal traditions. Although...
Persistent link: https://www.econbiz.de/10012777619
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State of Integration in a Partial Integration State
Mishkin, Joshua - 2007
the economic effects of dividend taxation under a two tiered system and discusses the integration debate as it developed … Year 2004 Proposals featuring the elimination of the dividend tax. Senate and the House of Representatives versions of … following the Jobs Act, evidenced by a marked increase in dividend distributions. The Article refrains from passing premature …
Persistent link: https://www.econbiz.de/10012777714
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Accounting for Equity Transactions - Marking Equity to Market : 400 Years Overdue? Or, GAAP's Gap: Pacioli After the Dutch East India Company
Gumport, M. A. - 2014
It is time for accounting to recognize the existence of stock exchanges and stop treating the equity accounts of public corporations as if they belonged to 15th century private partnerships. When Pacioli's codification of the principles of accounting was published in 1494, stock exchanges did...
Persistent link: https://www.econbiz.de/10012709201
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Motivations of Listed Companies Effecting Share Buy-Backs
Mitchell, Jason D. - 2014
Forty-four companies are identified as having conducted 67 buy-backs since legislation permitting this procedure was introduced in November 1989. This paper compares and contrasts potential relative to provided motivations of Australian listed companies effecting share buy-backs over the period...
Persistent link: https://www.econbiz.de/10012753020
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Dividends and Politics (Revised)
Bank, Steven A. - 2010
of dividend policy in publicly quoted United Kingdom (U.K.) companies between 1950 and the present. The departure point … is the well-known partial adjustment model of dividend policy, which we augment to take into account the ideological … orientation of the party in power and other potentially salient proxies for politics (e.g. tax policy and dividend controls). The …
Persistent link: https://www.econbiz.de/10012717778
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Open Market Repurchases : Signaling or Managerial Opportunism?
Fried, Jesse M. - 2010
Managers conduct open market repurchases (OMRs) for a number of different reasons, including to distribute excess cash. However, the most widely discussed explanation for OMRs is the signaling theory: that managers announce OMRs to signal that the stock is underpriced. The first purpose of this...
Persistent link: https://www.econbiz.de/10012717919
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Direct Shareholder Control, Board Independence and Firm Value
Kawamura, Kohei - 2009
This paper studies whether poorly informed shareholders of a firm should be able to overturn its managerial decision directly, when the firm's (informed) board of directors is subject to moral hazard. We argue that if the shareholders or the CEO of a firm can easily recruit a highly independent...
Persistent link: https://www.econbiz.de/10012719077
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Sen v. Jagolinzer : 10b5-1 'Use/Misuse' - The Upcoming Scrutiny and Debate - Should 10b5-1 Order Instructions Be Disclosed?
Gumport, M. A. - 2009
In June 2008, a study by Sen confirmed previous findings that 10b5-1 insider stock sale programs (quot;plan salesquot;) are conducted after unusual price run ups, but Sen also found that, in months subsequent to plan sales, stock performance then essentially matched the market. Sen's results on...
Persistent link: https://www.econbiz.de/10012720482
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Accelerated Stock Repurchase Programs : Underreported and Overpriced? KLA-Tencor Addendum
Gumport, M. A. - 2009
The current study briefly considers KLA-Tencor's 2007 $750 million accelerated stock repurchase (ASR). Companies commonly indicate ASRs contractually promise execution of stock buybacks at a discount to market. To the contrary, analysis of a small sample of 2006-2007 ASRs finds:1) Inferior...
Persistent link: https://www.econbiz.de/10012720513