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The most recent financial crisis has spurred a number of mergers and acquisitions in the financial industry, specifically banks. This study examines the hypothesis that mergers and acquisitions did not produce better performing institutions and industries during the 2006 to 2008 period. Data...
Persistent link: https://www.econbiz.de/10013106270
This paper explores some consequences for economic efficiency of creative accounting practices by merging companies. It … assumes semi-strong information efficiency in the markets for capital and for corporate control; and/or the use of executive …, enhancing their own apparent performance.The consequences for economic efficiency can include: allocating control of a business …
Persistent link: https://www.econbiz.de/10013071332
Persistent link: https://www.econbiz.de/10009001851
Our research tests the difference in investment efficiency between state-owned enterprises (SOEs) and private firms and … then evaluates the effect of privatisation and equitisation policies on the investment efficiency of former state owned …
Persistent link: https://www.econbiz.de/10010499591
This paper investigates the impact of corporate governance on bank efficiency across a sample of 139 commercial banks … implementing rigorous corporate governance structures is associated with higher costs for banks and a lower level of efficiency …, tight risk management is associated with both higher cost and technical efficiency for more capitalized banks, while rigid …
Persistent link: https://www.econbiz.de/10012936415
Persistent link: https://www.econbiz.de/10012977302
This paper explores the potential role of anti-takeover provisions (ATPs) in long-term value creation. Using multiple research designs, we find that long-term focused (innovative) firms benefit from takeover protection. We also find that the protected innovative firms are less likely to engage...
Persistent link: https://www.econbiz.de/10013049867
the trend of gender diversity without proper evaluation of executives’ skills could damage bank efficiency. Finally, this …
Persistent link: https://www.econbiz.de/10013250702
prohibiting abstention, strategic behavior, and/or coordination may reduce efficiency …
Persistent link: https://www.econbiz.de/10011646416
and boards may impact investment efficiency, information quality, project profits, and management rents in a non …
Persistent link: https://www.econbiz.de/10014506660