Showing 1 - 10 of 6,872
Using the Ordinary Least Square (OLS) estimation technique based on a sample of 180 listed firms from 2008 to 2018, this study investigates the impact of institutional ownership on firm performance in the Bangladeshi setting. Consistent with the "active monitoring" view, the results indicate...
Persistent link: https://www.econbiz.de/10014284398
regulatory changes. This has important repercussions on corporate performance and risk. This paper examines the impact of insider … ownership on the default risk of Japanese firms. Design/methodology/approach We collected data from the Nikkei Corporate … default risk. Furthermore, ROA volatility and stock price volatility appear to be the major channels through which insider …
Persistent link: https://www.econbiz.de/10014636984
We examine how the market values operating assets in the presence of time-varying ex ante risk that these assets may be … fixed assets on the publicly listed firm’s balance sheet. Our results show that in periods when the risk of tunneling from …
Persistent link: https://www.econbiz.de/10013234137
This paper investigates how economic policy uncertainty affects firms' frequency and their choice of financial instruments to raise capital. By applying a three-step sequential framework over a sample of 6834 publicly listed US non-financial firms, we find that during periods of high economic...
Persistent link: https://www.econbiz.de/10013368393
and governance risk, and in developing policies. Among other things, these data may inform debates on the degree to which …
Persistent link: https://www.econbiz.de/10011581995
I examine large shareholders' externalities on other claim holders when firms are financially distressed. To this end, I develop a tractable dynamic model of the interplay between these blockholders and regular equity holders. Blockholders' information acquisition and investment decisions play a...
Persistent link: https://www.econbiz.de/10012891364
Life insurers' odds of being placed under regulatory control (for example, conservatorship or receivership) during the financial crisis years of 2008 and 2009 increased with deteriorating fundamentals at a much higher rate than during normal times or during the previous recession. However, no...
Persistent link: https://www.econbiz.de/10011602485
Persistent link: https://www.econbiz.de/10012405716
This study provides new stylized facts on the determinants of corporate failure and acquisition in Germany. It also offers important lessons for the design of empirical studies. We show that firms experiencing failure or acquisition are significantly different from surviving firms on a number of...
Persistent link: https://www.econbiz.de/10010297767
This study investigates the determinants of changes in corporate ownership and firm failure, taking into account different types of sellers and buyers of control blocks. For a large panel of German corporations we find that firms are more likely to fail or to be sold when performance is poor,...
Persistent link: https://www.econbiz.de/10010297800