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The causes of the global financial crisis were multi-faceted but revealed still unresolved weaknesses in national and international financial oversight and resolution frameworks. In particular, many governments in the crisis-hit countries had to provide unprecedented levels of support to contain...
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enterprise of social capital to value based management and the priorities of marketers. A plausible SCVA valuation method is …
Persistent link: https://www.econbiz.de/10005619665
B-shares listed in China are traded at substantial discounts to their corresponding A-shares although they have identical rights. We offer a governance explanation and suggest that relative to domestic investors, foreign investors care more about a firm’s governance quality. Results are...
Persistent link: https://www.econbiz.de/10010869438
This paper aims at explaining the differences in valuation of banking firms in Russia from a quality of governance … what price. We use price-to-book-value of equity (P/BV) multiple as standard measurement of valuation and the dependent … differences in valuation. We discover that external investors attach value to high concentration of ownership, sheer size of the …
Persistent link: https://www.econbiz.de/10005042720
This paper aims to add to the literature on the connection between corporate governance and company valuation …
Persistent link: https://www.econbiz.de/10010733699
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This paper reviews recent research on corporate governance, with a special focus on emerging markets. It finds that better corporate governance benefit firms through greater access to financing, lower cost of capital, better performance, and more favorable treatment of all stakeholders. Numerous...
Persistent link: https://www.econbiz.de/10011056991
This paper discusses the problems of nineteenth century share valuation and corporate governance. It is based on the …
Persistent link: https://www.econbiz.de/10005269457
The paper deals with a modification of CAPM, which takes into account distinction between insiders as agents who actually determine the managerial decisions in the company, and outsiders, which are identifi ed as all other investors who do not have direct infl uence on managerial decisions. This...
Persistent link: https://www.econbiz.de/10008458652