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This dissertation consists of two essays on corporate finance. Essay one examines whether corporate governance affects firm performance after capital investments. I find that among firms with weak corporate governance, those with high abnormal capital investments have significantly lower stock...
Persistent link: https://www.econbiz.de/10009429353
Corporate governance aims to reduce expropriation of investors by managers. This thesis identifies and empirically examines three corporate governance mechanisms: cross-listing in the United States, close bank-firm relationships in Germany and corporate ownership structure in an emerging market....
Persistent link: https://www.econbiz.de/10009460742
The merger wave that took place during the first phase of globalization, which lasted from 1895 to 1914, changed the … merger announcements; thereby, a higher market value is the recipe for success and not firm size. Encouraged by the results … values stemming from a merger announcement, another question would arise. Which type of shareholder gains from higher market …
Persistent link: https://www.econbiz.de/10009475337
. Problems that may occur during post-merger integration include the incompatibility of the partners? technologies and the … Unternehmen nicht den richtigen Partner findet oder keine Unterst?tzung von seinen Investoren erh?lt. W?hrend der Post-Merger …
Persistent link: https://www.econbiz.de/10009481003
Den Aufsichtsräten innerhalb des deutschen Corporate Governance Systems ist in den letzten Jahren erhöhte Aufmerksamkeit zugekommen. Es wurden Empfehlungen und gesetzliche Vorschriften formuliert, die die Zusammensetzung des Aufsichtsratsgremiums sowie dessen Tätigkeiten betreffen. Diesem...
Persistent link: https://www.econbiz.de/10009475315
Ausgangspunkt der vorliegenden Arbeit ist die Feststellung, dass sich die ?konomische Theorie trotz der mehr als 160j?hrigen Geschichte gewerbsm??iger medialer Berichterstattung ?ber das Geschehen rund um M?rkte und Unternehmen lange Zeit kaum mit den Massenmedien besch?ftigt hat. Dabei kann...
Persistent link: https://www.econbiz.de/10009481006
The first part of this thesis analyzes and quantifies the magnitude of executive remuneration disclosure of the world’s 245 largest exchange-listed banks, using annual reports as the primary source of information, and the diverse disclosure rules in the 31 countries in which these banks are...
Persistent link: https://www.econbiz.de/10009451182
Die Europäische Union hat es sich zum Ziel gemacht, auf eine gute und vor allem effektive Corporate Governance hinzuwirken. Mit dieser Zielsetzung wurde in einer Abänderungsrichtlinie festgelegt, dass kapitalmarktorientierte Unternehmen künftig umfassende Informationen (das sog. Corporate...
Persistent link: https://www.econbiz.de/10009428987
The goal of this thesis is to identify the main political and economic implications of Dubai’s debt crisis and subsequent bailout by her wealthier and more powerful sister emirate Abu Dhabi. This paper examines the implications of the bailout of Dubai on two levels: Dubai’s relationship with...
Persistent link: https://www.econbiz.de/10009429418
This dissertation investigates the antecedents and consequences to pay disparity between the CEO and non-CEO executives from an equity-based perspective. While the principles of agency theory suggest that CEOs are granted higher compensation packages to better align their motives to those of the...
Persistent link: https://www.econbiz.de/10009431422