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incentives, risk aversion and extended investment horizons, which potentially influence the level and type of investments that …We explore the relation between family ownership and corporate investment policy. Our analysis centers on two … ownership structures. When dividing long-term investment into its two components of R&D and capital expenditures, we note that …
Persistent link: https://www.econbiz.de/10010574831
regulations on risk taking and the need for a consideration of ownership structures are amongst other issues which are considered … corporate governance theory. It also considers other alternatives whereby risk taking could be controlled. In recommending the …
Persistent link: https://www.econbiz.de/10011260501
regulations on risk taking and the need for a consideration of ownership structures are amongst other issues which are considered … corporate governance theory. It also considers other alternatives whereby risk taking could be controlled. In recommending the …
Persistent link: https://www.econbiz.de/10008805823
We show that the recent results on the Fundamental Theorem of Asset Pricing and the super-hedging theorem in the context of model uncertainty can be extended to the case in which the options available for static hedging (hedging options) are quoted with bid-ask spreads. In this set-up, we need...
Persistent link: https://www.econbiz.de/10010945692
in finance, insurance and economics with both internal contagion risk and external common risk. Key distributional …
Persistent link: https://www.econbiz.de/10010945693
use occupancy characteristics to compare the tail risk profiles of different commercial property exposures, and find …
Persistent link: https://www.econbiz.de/10010945694
Do jurisdictions with concentrated ownership structures require less reliance on audits as corporate governance mechanisms and devices? Why do concentrated ownership structures still prevail in certain jurisdictions which are considered to be “market based corporate governance systems”? More...
Persistent link: https://www.econbiz.de/10011267870
This paper aims to revisit and reinforce the early-development of Farmers Fox theory (Reddy et al. 2014a) through analyzing three cases in cross-border inbound acquisitions stream. A qualitative case method is adopted to explore findings from sampling cases include Vodafone-Hutchison telecom...
Persistent link: https://www.econbiz.de/10011251890
Whilst the benefits and potentials of the dual roles assumed by external auditors are emphasized, as well as the need to ensure that safeguards operating to guard against a compromise of objectivity and independence are in place, this paper also highlights the fact that even though such dual...
Persistent link: https://www.econbiz.de/10011260092
Do jurisdictions with concentrated ownership structures require less reliance on audits as corporate governance mechanisms and devices? Why do concentrated ownership structures still prevail in certain jurisdictions which are considered to be “market based corporate governance systems”? More...
Persistent link: https://www.econbiz.de/10011261026