Due to the recent global scandals of large corporations in the most developed markets of the world, the competition of emerging markets to attract global FDI and the decreasing returns of the global stock markets, corporate governance is the “hot” topic both in the world and in Turkey. The...

Islamic banks play a significant role in the financial sector in a number of emerging markets especially countries with a large Muslim population. The objectives of Islamic banks are fundamentally different from those of conventional banks. While conventional banks seek to maximize their...

This chapter examines private pension funds'preferences for shareholder activism in Poland in closely-held firms that dominate stock exchanges in emerging markets. The results show that the major institutional investors engage in a limited spectrum of shareholder activities. Most often, they...

In the last decade, the Chinese government-owned banks have undergone a privatization program resulting in considerable changes in ownership of Chinese banks. These changes invite important questions to be answered. In particular how have banks changed in terms of performance indicators with...

The chapter focuses on the issues concerning corporate governance in emerging markets, with a case study on Romania…Its complex structure covers the ways in which corporate governance is defined by specialists, the historical aspects concerning its appearance and development in the European...

As the governance of financial institutions is becoming an important issue, there are many papers empirically investigating the governance issues of banks, which are stock companies. However, cooperative structured financial institutions (co-ops), which have a unique governance structure...

We document the association between a firm's payout policy and its stock's liquidity. In particular, we show that dividend-paying firms have a more liquid market for their stock and measures of a stock's liquidity is positively linked to its probability of being a dividend payer. Furthermore,...

The term ‘corporate governance’ stands for a set of relations between management, large and small shareholders and other interest groups. A good corporate governance system is the basic postulate of sustainable economic growth, increase in economic system efficiency and a guarantee for...

Executive pay regulation is widely discussed as a measure to reduce financial mismanagement in corporations. We show that the professional team sports industry, the only industry with substantial experience in the regulation of compensation arrangements, provides valuable insights for the...

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...