Similar Search Results

Agency Problem and Ownership Structure : Outside Blockholder as a Signal

Stepanov, Sergey - 2015

We propose a model in which an entrepreneur, seeking outside financing, sells a large equity share to an outside blockholder in order to signal his low propensity to extract private benefits. A conventional theoretical rationale for the presence of an outside blockholder is mitigation of the...

Persistent link: https://www.econbiz.de/10013033135

Diversification and ownership concentration

Parigi, Bruno Maria; Pelizzon, Loriana - 2005

We consider a mean-variance general equilibrium economy where the expected returns for controlling and non-controlling shareholders are different because the former are able to divert a fraction of the profits. We find that when investor protection is poor, asset return correlation affects...

Persistent link: https://www.econbiz.de/10010261366

Shareholder vs. Stakeholder: Ökonomische Fragestellungen

Schmidt, Reinhard H.; Weiß, Marco - 2003

Stakeholder berücksichtigt, auf der anderen Seite - werden geschildert und mit den Mitteln der ökonomischen Theorie bewertet …

Persistent link: https://www.econbiz.de/10010316241

The Complementary Roles of Board Incentives and Market Monitoring : Theory and Evidence

Swan, Peter L. - 2017

information about the actions of board members that reinforce market-based incentives …

Persistent link: https://www.econbiz.de/10012970238

The Complementary Roles of Board Incentives and Market Monitoring : Theory and Evidence

Swan, Peter L. - 2016

information about the actions of board members that reinforce market-based incentives …

Persistent link: https://www.econbiz.de/10012994357

The Complementary Roles of Board Incentives and Market Monitoring : Theory and Evidence

Swan, Peter L. - 2016

information about the actions of board members that reinforce market-based incentives …

Persistent link: https://www.econbiz.de/10012982159

The Complementary Roles of Board Incentives and Market Monitoring : Theory and Evidence

Swan, Peter L. - 2016

information about the actions of board members that reinforce market-based incentives …

Persistent link: https://www.econbiz.de/10012984920

The executive turnover risk premium

Peters, Florian; Wagner, Alexander F. - 2009

We establish that CEOs of companies experiencing volatile industry conditions are more likely to be dismissed. At the same time, industry risk is, accounting for various other factors, unlikely to be associated with CEO compensation other than through dismissal risk. Using this identification...

Persistent link: https://www.econbiz.de/10003961496

Governance Quality and Information Asymmetry

Elbadry, Ahmed - 2016

This paper explores the relationship between corporate governance and asymmetric information. We find that proxies for … consumption are inversely related to proxies for asymmetric information. Specifically, greater board independence, board … information as reflected in bid-ask spreads, volatility of the share price, share trade volumes and market value of shares traded …

Persistent link: https://www.econbiz.de/10013008983

Internal Control vs External Manipulation : A Model of Corporate Income Tax Evasion

Chen, Kong-Pin; Chu, C. Y. Cyrus - 2004

The purpose of this paper is to offer a formal model of corporate income tax evasion. While individual tax evasion is essentially a portfolio selection problem, corporate income tax evasion is much more complicated. When the owner of a firm decides to evade taxes, not only does it risk being...

Persistent link: https://www.econbiz.de/10014101705

1
2
3
4
5
6
7
8
9
10
Next
Last