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The survey of real outcomes of insolvency proceedings in the Czech Republic analysed by this study took place during … of certain crucial data as to the actual outcome of insolvency proceedings in the Czech Republic, i.e. especially as to … basic information on the structure of the insolvency act in the Czech Republic and possible changes in legislation that …
Persistent link: https://www.econbiz.de/10011195423
This paper investigates the effects of managerial mergers- and acquisitions-related investment strategies on the exit risk of firms. Using a sample of hyperactive bidders, I show that managerial excessive acquisitiveness can precipitate firm exit. Overbidding is associated with weak corporate...
Persistent link: https://www.econbiz.de/10010868881
On May 11-12, 2011, SUERF, the Belgian Financial Forum, the Brussels Finance Institute and the Centre for European Policy Studies (CEPS) jointly organised the 29th SUERF Colloquium New paradigms in money and finance? The papers included in this SUERF Study are based on contributions to the...
Persistent link: https://www.econbiz.de/10011070913
's projected liquidity for the end of 2000 was DM 40.5 million although it was - because of the costs of an already planned …
Persistent link: https://www.econbiz.de/10012757909
When executives ignore the well being of the company's shareholders for the sake of personal profit and upset the precarious balance of the stock markets, putting into question the ethics of the business world and shifting public opinion, legislators must respond quickly and efficiently with new...
Persistent link: https://www.econbiz.de/10012735233
context of this model we explore interactions between financial distress costs and debtholder/equityholder agency problems and …
Persistent link: https://www.econbiz.de/10012735618
, enters into an offsetting, broker-backed long call-spread, and signs a stock loan/collateral agreement. Two months later, the … funding by the broker/banker of a segregated collateral account. The wake up call that complex equity deals may carry …
Persistent link: https://www.econbiz.de/10012706991
Gompers et al. [Gompers, P., Ishii, J., Metrick, A., 2003. Corporate governance and equity prices. Quarterly Journal of Economics 118, 107-155] created G-Index, a summary measure of corporate governance based on 24 firm-specific provisions, and showed that more democratic firms are more...
Persistent link: https://www.econbiz.de/10012710009
We create a broad measure of corporate governance, Gov-Score, based on a new dataset provided by Institutional Shareholder Services. Gov-Score is a composite measure of 51 factors encompassing eight corporate governance categories: audit, board of directors, charter/bylaws, director education,...
Persistent link: https://www.econbiz.de/10012710148
We provide evidence that creditors play an active role in the governance of corporations well outside of payment default states. By examining the SEC filings of all U.S. nonfinancial firms from 1996 through 2008, we document that, in any given year, between 10 percent and 20 percent of firms...
Persistent link: https://www.econbiz.de/10012713895