countries, we document a positive and significant relationship between an acquirer's performance and its predecessors …

roles played by organizational structures, accountability and transparency in increasing the efficiency and effectiveness of … pointing out the potential role institutional form can play in central bank performance, little empirical work has been done to … investigate the hypothesis that institutional form is related to performance. This paper attempts to help fill this void. …

financial policy decisions. A standard deviation increase in peer firms' average leverage leads to about 5 percentage points …

​This study examines the performance impact of the relative quality of a CEO's compensation peers (peers selected to … determine a CEO's overall compensation) and bonus peers (peers selected to determine a CEO's relative-performance-based bonus …-based tournament, however, might contribute to RPQ's positive performance effect. Preliminary evidence also shows that high RPQ is not …

This study examines the performance impact of the relative quality of a CEO's compensation peers (peers selected to … determine a CEO's overall compensation) and bonus peers (peers selected to determine a CEO's relative-performance-based bonus …-based tournament, however, might contribute to RPQ's positive performance effect. Preliminary evidence also shows that high RPQ is not …

dominant ‘big four’ state-owned banks. This paper seeks to help predict the effects of this change by analysing the efficiency … efficiency. We present corroborating robustness checks and offer several credible mechanisms through which minority foreign … owners can increase Chinese bank efficiency. These findings suggest that minority foreign ownership of the big four is likely …

This study investigates whether the capital market values the efficiency of firms. After tracing stock returns and … efficiency changes of 399 listed insurance firms in 52 countries during the 2002-2008 period, the paper reports a positive and … statistically significant relationship between profit efficiency change and market adjusted stock returns. However, there is no …