Showing 1 - 10 of 6,622
I examine the relation between Tobin's Q and the structure of foreign equity ownership for a sample of 945 industrial firms listed in the 1st Section of the Tokyo Stock Exchange. I find evidence of significant curvilinear relation between Q and the fraction of common stocks owned by foreigners...
Persistent link: https://www.econbiz.de/10005045128
This paper aims to analyse the relation between the returns of companies that participate in mergers as well as the takeover ratios of output-value (Tobin's qs) of each absorbing (henceforth Bidder) and each absorbed (henceforth Target) company for the period 2000–2006. The returns of...
Persistent link: https://www.econbiz.de/10008580400
Building upon labor market theory, we investigate whether under- or over-investing in CEOs (i.e., strategically paying above or below a CEO's predicted labor market compensation rate) affects long-term firm value and whether there are diminishing returns to these investments. Our results...
Persistent link: https://www.econbiz.de/10011117149
Usualmente los textos de finanzas presentan por lo menos un capítulo sobre análisis financiero, entendido como análisis de razones financieras. Se enseñan muchos cursos en análisis financiero y se gasta una enorme cantidad de tiempo en cómo calcular las razones financieras basados en...
Persistent link: https://www.econbiz.de/10010762968
Purpose – The purpose of this paper is to document the determinants and value relevance of corporate disclosure and transparency on the Ghana Stock Exchange (GSE). Design/methodology/approach – The paper employs the Fama and French model by relating firm value to firm level characteristics,...
Persistent link: https://www.econbiz.de/10010688416
This paper examines empirically the effects of ownership structure on the firm performance for a panel of Indian …, institutional, and directorial ownership on firm performance. Using firm level panel data framework, we show that a large fraction … differences in ownership structure across firms can explain their performance differences in an emerging economy like India. Using …
Persistent link: https://www.econbiz.de/10010765319
-sector corporations from India and Australia. We conducted a comparative study of 16 Indian and 20 Australian companies in which the …
Persistent link: https://www.econbiz.de/10009352427
This paper analyzes the impact of blockownership dispersion on firm value. Blockholdings by multiple blockholders is a widespread phenomenon in the U.S. market. It is not clear, however, whether dispersion among blockholder is preferable to having a more concentrated ownership structure. To test...
Persistent link: https://www.econbiz.de/10010986382
This article analyzes the relationship between two types of performances, one on the ground (of a tennis court) and the other on the floor (of the stock market). The empirical application looks into the tennis player, Rafael Nadal, and his endorsing firms. The findings show a positive reaction...
Persistent link: https://www.econbiz.de/10010989731
In today's knowledge-based industry, the role of intellectual capitals in creating value for the business units is more effective than financial capitals. The accounting system plays a crucial role in finding appropriate strategies for achieving suitable methods of evaluating intellectual...
Persistent link: https://www.econbiz.de/10010850220