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"The paper evaluates the effects of privatization in the post-communist economies and China. In post-communist economies privatization to foreign owners results in a rapid improvement in performance of firms, while performance effects of privatization to domestic owners are less impressive and...
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The paper evaluates the effects of privatization in the post-communist economies and China. In post-communist economies privatization to foreign owners results in arapid improvement in performance of firms, while performance effects of privatization to domestic owners are less impressive and...
Persistent link: https://www.econbiz.de/10012747074
We examine how the publication of intentional financial crimes committed by listed firms is interpreted by financial markets, using a systematic and quantitative review of existing empirical studies. Specifically, we conduct a meta-regression analysis and investigate the extent and nature of the...
Persistent link: https://www.econbiz.de/10012297534
We provide the first quantitative synthesis of the literature on how financial markets react to the disclosure of financial crimes committed by listed firms. While consensus expects negative stock price returns, the exact size of the effect is far from clear. We survey 111 studies published over...
Persistent link: https://www.econbiz.de/10014307133