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We examine 802 investments by 33 Sovereign Wealth Funds (SWFs) in publicly traded companies between May 1985 and November 2009, and find that SWFs tend to invest in large, levered, profitable growth firms, usually headquartered in an OECD country. Announcements of SWF investments yield...
Persistent link: https://www.econbiz.de/10010279496
This study describes the newly created Monitor-FEEM Sovereign Wealth Fund Database and discusses the investment patterns and performance of 1,216 individual investments, worth over $357 billion, made by 35 sovereign wealth funds (SWFs) between January 1986 and September 2008. Approximately half...
Persistent link: https://www.econbiz.de/10005012141
This study describes the Indian corporate governance system and examines how the system has both supported and held back India's ascent to the top ranks of the world's economies. While on paper the country's legal system provides some of the best investor protection in the world, enforcement is...
Persistent link: https://www.econbiz.de/10010302556
This study describes the Indian corporate governance system and examines how the system has both supported and held back India's ascent to the top ranks of the world's economies. While on paper the country's legal system provides some of the best investor protection in the world, enforcement is...
Persistent link: https://www.econbiz.de/10008684986
of European firms paying dividends declines dramatically over this period, from 91 to 62 percent of listed companies …, while total real dividends paid and dividend payments as a fraction of total corporate profits increase significantly …. Dividends and earnings are concentrating as sharply among European as among American companies, and similar company …
Persistent link: https://www.econbiz.de/10012731782
of European firms paying dividends declines dramatically over this period, from 91 to 62 percent of listed companies …, while total real dividends paid and dividend payments as a fraction of total corporate profits increase significantly …. Dividends and earnings are concentrating as sharply among European as among American companies, and similar company …
Persistent link: https://www.econbiz.de/10012731880
Using a database of over 4100 listed industrial companies, we examine the evolution of cash dividends and share … States, the fraction of European firms paying dividends declines over this period, while total real dividends paid increase … listed firms. Our logistic regression analyses of the likelihood to pay dividends and repurchase shares, and our panel data …
Persistent link: https://www.econbiz.de/10012775546
We measure flexibility of dividend policy and study its impact on abnormal shareholders' returns in the European Union. When we use relative repurchase frequency and relative repurchase amounts as a measure of flexibility, civil law companies are more flexible. A more frequent use of repurchases...
Persistent link: https://www.econbiz.de/10012764407
impact corporate payout (dividends and share repurchases) policy or board organization and performance. Directors elected by …
Persistent link: https://www.econbiz.de/10012707530
French law mandates that employees of publicly listed companies can elect two types of directors to represent employees. Privatized companies must reserve board seats for directors elected by employees by right of employment, while employee-shareholders can elect a director whenever they hold at...
Persistent link: https://www.econbiz.de/10012750122