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State Antitakeover Laws and Voluntary Disclosure
Zhao, Yijiang - 2012
We test the relationship between takeover protection and voluntary disclosure in a setting of antitakeover laws in a firm's state of incorporation. After correcting for the endogeneity of firms' incorporation choice, we find that firms incorporated in states with more antitakeover laws have...
Persistent link: https://www.econbiz.de/10013101924
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Agency Cost of CEO Perquisite in the Bank Loan Contracts
Chan, Chia-Ying - 2017
This study investigates whether CEO perquisite of borrowing firms plays any significant role, both in terms of price and non-price settings, in financial contracts and reveals that lending banks demand significantly higher return (spread), more collateral, and stricter covenants from firms with...
Persistent link: https://www.econbiz.de/10012964677
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Leverage and growth: effect of stock options
Francis, Bill; Hasan, Iftekhar; Sharma, Zenu - Suomen Pankki - 2011
This paper investigates the potential effects of stock options on managers’ investment decisions and therefore on a firm’s growth or, alternatively, on its leverage-growth relationship. To structure the analysis addressing this issue, the paper utilizes a framework establishing a negative...
Persistent link: https://www.econbiz.de/10009358948
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Ownership structure and the cost of debt: Evidence from the Chinese corporate bond market
Chatterjee, Sris; Gu, Xian; Hasan, Iftekhar; Lu, Haitian - 2019
Drawing upon evidence from the Chinese corporate bond market, we study how ownership structure affects the cost of debt for firms. Our results show that state, institutional and foreign ownership formats reduce the cost of debt for firms. The benefits of state ownership are accentuated when the...
Persistent link: https://www.econbiz.de/10012148857
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State antitakeover laws and voluntary disclosure
Zhao, Yijiang; Allen, Arthur C.; Hasan, Iftekhar - In: Journal of financial and quantitative analysis : JFQA 48 (2013) 2, pp. 637-668
Persistent link: https://www.econbiz.de/10009790523
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Stress testing and bank efficiency : evidence from Europe
Hasan, Iftekhar; Pasiouras, Fotios - In: International journal of corporate finance and … 2 (2015) 2, pp. 1-20
Persistent link: https://www.econbiz.de/10011514624
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Bank performance, efficiency and owership in transition countries
Bonin, John (contributor); Hasan, Iftekhar (contributor);  … - 2004
Persistent link: https://www.econbiz.de/10002256687
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Bank Performance, Efficiency and Ownership in Transitition Countries
Bonin, John; Wachtel, Paul; Hasan, Iftekhar - 2007
efficiency for eleven transition countries in an unbalanced panel consisting of 225 banks and 856 observations. Applying … stochastic frontier estimation procedures, we compute profit and cost efficiency scores taking account of both time and country … effects directly. In second-stage regressions, we take these efficiency measures along with return on assets as dependent …
Persistent link: https://www.econbiz.de/10014224121
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Bank efficiency in South-Eastern Europe : the role of ownership, market power and institutional development
Fang, Yiwei; Hasan, Iftekhar; Marton, Katherin - In: The economics of transition 19 (2011) 3, pp. 495-520
Persistent link: https://www.econbiz.de/10009317555
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Do Activist Hedge Funds Target Female CEOs? The Role of CEO Gender in Hedge Fund Activism
Francis, Bill - 2020
Using a comprehensive hedge fund activism dataset, we find that activist hedge funds are about 52% more likely to target firms with female CEOs compared to firms with male CEOs. We find that firm fundamentals, the existence of a “glass cliff,” gender discrimination bias, and hedge fund...
Persistent link: https://www.econbiz.de/10012853950