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Opportunity for group study by graduate students on current topics related to management not otherwise included in curriculum. From the course home page: Course Description This is a course on how corporations make use of the insights and tools of risk management. Most courses on derivatives,...
Persistent link: https://www.econbiz.de/10009432744
This paper studies the incentives for transparency under different forms of corporate governance in a context of product market competition. This paper endogenizes the governance and financial structure of firms and determines a strategic decision on the degree of transparency in a context of...
Persistent link: https://www.econbiz.de/10009460045
This Paper studies the incentives for transparency under different forms of corporate governance in a context of product market competition. This Paper endogenizes the governance and financial structure of firms and determines a strategic decision on the degree of transparency in a context of...
Persistent link: https://www.econbiz.de/10009460052
This paper studies optimal financial contracts and product market competition under a strategic transparency decision. When firms seeking outside finance resort to actively monitored debt in order to commit against opportunistic behaviour, the dominant lender can influence corporate...
Persistent link: https://www.econbiz.de/10009460186
This thesis employs data from 34,222 firms in 47 countries from 1987 to 2009, which corresponds to 248,156 firm year observations. Inspired by recent stock price crash risk studies, this thesis differentiates stock price crash risk from traditional stock price risk in explaining capital...
Persistent link: https://www.econbiz.de/10009484205
The initial view of the advantages of ownership concentration in joint stock companies was determined by the concern about the opportunistic managerial behavior. The growing importance of knowledge and human capital in the operation of firms shifts the focus of concern: excessive ownership...
Persistent link: https://www.econbiz.de/10009476880
characteristic for emerging markets, including Poland, where large shareholders have the power to monitor managers and can act as a …
Persistent link: https://www.econbiz.de/10009460742
shareholders and management. Existing literature is mainly concerned with the impact of managerial ownership on firm performance …. Little evidence is provided on the impact of general ownership concentration, including multiple large shareholders, on firm … largest three shareholders own more than 60% ownership of company. Industrial companies hold direct controls of European non …
Persistent link: https://www.econbiz.de/10009461307
ratios. Thus theBEE transactions are adding no significant value to current shareholders in the targetcompanies.The findings …
Persistent link: https://www.econbiz.de/10009447605
As economies are increasingly driven by services, the introduction of newservices to satisfy customers and improve firm value is becoming a critical issue formanagers. In my dissertation, I take a step in improving the understanding of serviceinnovations.In the first essay, I look at the...
Persistent link: https://www.econbiz.de/10009464858