The importance of short-term financial decisions to company's value is considered by testing the following hypotheses: an extra euro invested in cash or in net working capital is valued less than one euro. Running panel data regressions, evidences prove that shareholders undervalue cash holdings...

Women on corporate boards have been the subject of an abundant literature (theoretical and empirical) in many countries, mainly in the United States, in the United Kingdom and in Scandinavian countries. Main results show an average slow progress and relatively low number of women on corporate...

We investigate the role of multiple large shareholders (MLS) in corporate risk-taking. Using a sample of publicly listed French family firms over the period 2003-2012, we show that the presence, number, and voting power of MLS are associated with higher risk-taking. Our results suggest that MLS...

The paper examines the relationship between investments and cash flows for a panel of 204 low- and medium-technology firms located in the UK, France, Italy and Spain, 108 of which underwent a buyout between 1997 and 2004. The control sample of non-buyouts is selected through a propensity score...

A comparative study of Corporate Governance structures at two organizations situated across the Atlantic Ocean has been conducted to understand the rationale for the observed differences from an international versus a nationally focused business perspective. A research based recommendation for...