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Strategies in financial services, the shareholders and the system: Is bigger and broader better?
Walter, Ingo - 2002
, however measured, and the range of activities conducted by them Is size positively related to total returns to shareholders …? If so, does this involve gains in efficiency or transfers of wealth to shareholders from other constituencies, or maybe … shareholders and customers, or can it work against their interests in ways that may ultimately impede shareholder value as well …
Persistent link: https://www.econbiz.de/10010295527
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Cultural transmission and discrimination
Sáez-Martí, María; Zenou, Yves - 2005
Each worker belongs to either the majority or the minority group and, irrespective of the group she belongs to, can have good or bad work habits. These traits are transmitted from one generation to the next through a learning and imitation process which depends on parents' purposeful investment...
Persistent link: https://www.econbiz.de/10010267690
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Individual and corporate social responsibility
Bénabou, Roland; Tirole, Jean - 2009
Society's demands for individual and corporate social responsibility as an alternative response to market and distributive failures are becoming increasingly prominent. We first draw on recent developments in the psychology and economics of prosocial behavior to shed light on this trend, which...
Persistent link: https://www.econbiz.de/10010269689
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Linking corporate reputation and shareholder value using the publication of reputation rankings
Tischer, Sven; Hildebrandt, Lutz - 2011
Good corporate reputation is seen as one of the most valuable assets. It is believed to cause a multitude of favorable impacts within different stakeholder groups. As a consequence, a multitude of studies analyzed the relationship between corporate reputation and financial performance. However,...
Persistent link: https://www.econbiz.de/10010281513
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A japán vállalatirányítás (corporate governance) átalakulása
Ozsvald, Éva - 2013
The pressures to accommodate to the global standards of corporate governance (CG) for Japanese public companies had grown strong since the mid-1990s. A series of legal reforms has led to the formal imitation of the market oriented Anglo-American model which, however, was not accompanied by the...
Persistent link: https://www.econbiz.de/10010494542
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On statistical methods for labor market evaluation under interference between units
Karlsson, Maria; Lundin, Mathias - 2016
Evaluation studies aim to provide answers to important questions like: How does this program or policy intervention affect the outcome variables of interest? In order to answer such questions, using the traditional statistical evaluation (or causal inference) methods, some conditions must be...
Persistent link: https://www.econbiz.de/10011695407
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Real versus financial frictions to capital investment
Bayraktar, Nihal; Sakellaris, Plutarchos; Vermeulen, Philip - 2005
We formulate and estimate a structural model of firm investment behavior that specifies the exact channel through which financial frictions bite. The model also allows for the existence of both convex and non-convex costs to adjusting capital. Essentially, we move beyond simply testing and...
Persistent link: https://www.econbiz.de/10011604612
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Financing obstacles and growth: an analysis for euro area non-financial corporations
Coluzzi, Chiara; Ferrando, Annalisa; … - 2009
This paper investigates whether financial obstacles, and, more generally, financial pressure faced by firms, significantly affect firm growth. For this purpose, we use an unbalanced panel of about 1,000,000 observations for around 155,000 non-financial corporations in five euro area countries....
Persistent link: https://www.econbiz.de/10011605043
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Do Financing Constraints Matter for Outward Foreign Direct Investment Decisions? Evidence from India
Sasidharan, Subash; Padmaja, M. - 2016
This study examines the role of financing constraints in explaining outward FDI decisions using unique firm level panel data on Indian manufacturing during the period 2007-2014. We consider the role of both internal finance and external finance in firm decisions on outward FDI and employ...
Persistent link: https://www.econbiz.de/10012142460
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No derivative shareholder suits in Europe: A model of percentage limits and collusion
Grechenig, Kristoffel; Sekyra, Michael - 2010
this phenomenon on the basis of percentage limits which require share-holders to hold a minimum amount of shares in order … to bring a lawsuit. We show that, under this legal regime, managers will collude with large shareholders by means of … settlements or bribes that impose a negative externality on small shareholders. Contrary to conventional agency models, we find …
Persistent link: https://www.econbiz.de/10010270439