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Institutionelle Investoren und Corporate Governance: Eine empirische Analyse
Steiger, Max - 1998
Eine der herausragenden Entwicklungen auf den internationalen Finanzmarkten in den letzten Jahren ist die Institutionalisierung, d. h. die zunehmende Delegation privater Ersparnisse an professionelle Kapitalanleger - den institutionellen Investoren. Darunter sind private...
Persistent link: https://www.econbiz.de/10010300917
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Corporate governance and firm characteristics as explanatory factors of shareholder activism: Validation through the French context
Souha, Siala Bouaziz; Anis, Jarboui - In: Cogent Economics & Finance 4 (2016) 1, pp. 1-19
This study deals with the major determinants of company shareholder activism investigated with according to a set of SBF 120 listed firms. Based on a sample of 77 companies, observed over the period 2008-2012, we are led to conclude that some firm governance characteristics do appear to affect...
Persistent link: https://www.econbiz.de/10011559202
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On the cash-flow and control rights of contingent capital
Mitchell, Chris - 2018
This paper develops a model of banking to study the risk-taking consequences of contingent capital (CC). It begins with the observation that partial conversion of CC provides its owners with a portfolio of equity and debt. Since the former (latter) asset typically induces a preference for risk...
Persistent link: https://www.econbiz.de/10012013655
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The role of institutional investors in improving board of director attributes around the world
Alshabibi, Badar - In: Journal of Risk and Financial Management 14 (2021) 4, pp. 1-33
structures. Drawing from the agency theory and institutional theory, the results show that foreign institutional investors are …
Persistent link: https://www.econbiz.de/10012611723
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Shareholder Activists and Frictions in the CEO Labor Market
Keusch, Thomas - 2021
Using hand-collected data on CEO appointments during shareholder activism campaigns, this study examines whether shareholder involvement in CEO recruiting affects frictions in CEO hiring decisions. The results indicate that appointments of CEOs who are recruited with shareholder activist...
Persistent link: https://www.econbiz.de/10012655973
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Aktienbasierte Langfristanreize im Rahmen der Vorstandsverguetung: Evidenz auf Basis Deutscher Prime Standard Unternehmen
Rapp, Marc Steffen; Schaller, Philipp; Wolff, Michael - 2009
-based incentives as a governance mechanism to mitigate the agency problem in complex firms with high information asymmetry. …While in the US stock-based incentives are commonly used since the 50s of the last century, in Germany they were … incentives. In the meantime the legal environment has changed significantly and today even the German Corporate Governance Code …
Persistent link: https://www.econbiz.de/10010305700
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The marketability of bank assets and managerial rents: implications for financial stability
Fecht, Falko; Wagner, Wolf - 2007
adverse return shocks. However, limiting the hold-up problem also diminishes bank managers' rents, reducing their incentives …
Persistent link: https://www.econbiz.de/10010295931
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Management Control and Innovative Activity
Czarnitzki, Dirk; Kraft, Kornelius - 2000
This paper discusses theoretically the different incentives of managers versus firm owners to invest in innovative …
Persistent link: https://www.econbiz.de/10010297732
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Endogenous governance transparency and product market competition
Hidalgo-Cabrillana, Ana - In: SERIEs - Journal of the Spanish Economic Association 4 (2013) 1, pp. 113-136
This paper analyzes the determinants of governance transparency. In our model, entrepreneurs optimally decide the precision of their earning reporting by trading off the possibility of expropriating profits against the capacity to attract external funding.We find that information is only...
Persistent link: https://www.econbiz.de/10010317073
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Managerial hedging and portfolio monitoring
Bisin, Alberto; Gottardi, Piero; Rampini, Adriano A. - 2004
firms. We study the agency problem between shareholders and a manager when the manager can hedge his incentive compensation …
Persistent link: https://www.econbiz.de/10010261074