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Accounting for Stock Options
Bulow, Jeremy - 2006
Employee stock options differ substantially from traded options. Most expire within 90 days of the termination of employment, and are forfeited if the employee leaves before vesting. The major accounting standards boards are in agreement that options should be expensed, but companies have...
Persistent link: https://www.econbiz.de/10012735470
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The Corporate Governance of Banks
Macey, Jonathan R. - 2005
The study argues that commercial banks pose unique corporate governance problems for managers and regulators, as well as for claimants on the banks' cash flows, such as investors and depositors. The authors support the general principle that fiduciary duties should be owed exclusively to...
Persistent link: https://www.econbiz.de/10012784370
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The Declining Credit Quality of Us Corporate Debt : Myth or Reality?
Blume, Marshall E. - 2011
In recent years, the number of downgrades in corporate bond ratings has exceeded the number of upgrades. This fact has led some to conclude that the credit quality of U.S. corporate debt has declined. However, declining credit quality is not the only possible explanation. An alternative...
Persistent link: https://www.econbiz.de/10012757420
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Corporate Governance and Merger Activity in the U.S : Making Sense of the 1980s and 1990s
Holmström, Bengt R. - 2003
This paper describes and considers explanations for changes in corporate governance and merger activity in the United States since 1980. Corporate governance in the 1980s was dominated by intense merger activity distinguished by the prevalence of leveraged buyouts (LBOs) and hostility. After a...
Persistent link: https://www.econbiz.de/10012740626
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Investor’s Commitment Bias and Escalation of Firm’s Investment Decision
HAMZA, Fadhila; JARBOUI, Anis - In: Economia. Seria Management 15 (2012) 2, pp. 327-345
This study examines the reasons of perseverance in firm’s investment decision. It shows the possible influence of three … firm’s investment decisions escalation. This study aims to provide evidence as to whether investor considers the financial … and risk’s perception features (financial strength and risk profile) to persevere his initial investment decision while he …
Persistent link: https://www.econbiz.de/10010857628
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Objectives and constraints of entrepreneurs: evidence from small and medium-sized enterprises in Russia and Bulgaria
Pissarides, Francesca; Singer, Miroslav; Svenjar, Jan … - European Bank for Reconstruction and Development (EBRD) - 2000
We analyse the principal objectives and constraints of small and medium-sized enterprises (SMEs), using data from a survey of 437 owners and top managers (CEOs) of SMEs in Russia and Bulgaria. The CEOs display similar views and identify a small number of specific constraints as being the most...
Persistent link: https://www.econbiz.de/10008595685
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CEO emotional bias and dividend policy: Bayesian network method
Ali, Azouzi Mohamed; Anis, Jarboui - In: Business and Economic Horizons (BEH) 7 (2012) 1, pp. 1-18
relationship between overconfidence and financial decisions has studied investment, financing decisions and firm values. However …
Persistent link: https://www.econbiz.de/10010734000
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Budget Constraints and Profitability: Evidence from a Transition Economy
Rizov, Marian - LICOS Centre for Institutions and Economic Performance, … - 2002
A conceptual framework for analyzing the credit rationing and the link between credit access and profitability is … and its impact on profitability in transition economies. The results from the switching regression suggest that the … presence of credit market constraints does impinge on profitability of credit rationed firms and support the credit crunch …
Persistent link: https://www.econbiz.de/10005590815
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Realizing investment value
Bygrave, William D. (contributor) - 1994
Persistent link: https://www.econbiz.de/10004177142