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We construct a comprehensive panel data of 96 publicly traded European utilities over the period 1994-2005 in order to study the relationship between the capital structure of regulated firms, regulated prices, and investments, and examine if and how this interaction is affected by ownership...
Persistent link: https://www.econbiz.de/10014223408
This paper examines the effect of mandatory pre-grant patent publications on the innovation of venture capital (VC … relative improvements in innovation outputs for companies whose pre-AIPA patent applications received more "revise and resubmit …
Persistent link: https://www.econbiz.de/10013307016
Using a stochastic frontier model and a comprehensive dataset, we study factors that affect corporate efficiency in … efficiency, and (iii) high competition is less conductive to efficiency than moderate or low competition. In terms of ownership …, we find that (iv) efficiency increases when a majority owner must deal with minority shareholders and that (v) domestic …
Persistent link: https://www.econbiz.de/10010510115
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Vital in preserving managerial accountability, the firmly established one share, one vote rule provides shareholders with limited rights to elect directors who appoint managers and to approve certain extraordinary transactions. Without the deterrents of risk of capital loss and fear of removal,...
Persistent link: https://www.econbiz.de/10013133457
This paper explores an extensive novel panel-data set covering more than 4,000 listed firms in 16 European countries to study the effects of shareholder protection on ownership structure and firm performance. Recent research criticizes the existing law and finance literature using (i)...
Persistent link: https://www.econbiz.de/10012975606
Company value results from how well a company has managed its resources to achieve business benefits. However, there are always risks associated with conducting business, and effective risk management (ERM) can help reduce those risks so that they stay in the way of the entity's performance...
Persistent link: https://www.econbiz.de/10014636095
successfully integrated to create a comprehensive legal and regulatory system that will promote the safety and efficiency of stem … products. My solutions achieve this ambitious aim without stifling the scientific innovation crucial to this emerging field …
Persistent link: https://www.econbiz.de/10014162099