Showing 41 - 50 of 17,875
Persistent link: https://www.econbiz.de/10003307756
Persistent link: https://www.econbiz.de/10011879442
The purpose of this study is to test the free cash flow agency theory hypothesis; namely, (a) whether differences in industrial sector affect a company's propensity to pay dividends, and (b) whether institutional ownership is able to substitute for the propensity to pay dividends as a bonding...
Persistent link: https://www.econbiz.de/10012296715
This article investigates the impact that successful hostile and friendly takeovers have on the rates of top management change for U.K. target firms. The results shows that hostile takeovers are associated with a greater degree of both top executive and top team forced departure rates compared...
Persistent link: https://www.econbiz.de/10013004215
This paper aims to provide empirical evidence on the effects of CEO's share option remuneration and CEO's stock ownership on leasing. Financial contracting theory suggests that ownership structure is important determinant of capital structure, debt financing and leasing. Also, lease financing is...
Persistent link: https://www.econbiz.de/10013107829
A panel of corporate ownership data, stretching back to 1902, shows that the Canadian corporate sector began the century with a predominance of large pyramidal corporate groups controlled by wealthy families or individuals. By mid-century, widely held firms predominated. But, from the 1970s on,...
Persistent link: https://www.econbiz.de/10013081371
A considerable number of studies have examined the relationship between corporate governance (CG) structures and corporate performance (e.g., Yermack, 1996; Gompers et al., 2003; Beiner et al., 2006; Renders et al., 2010; Ntim et al., 2012; Kumar & Zattoni 2013; Griffin, et al., 2014). In contrast, despite its...
Persistent link: https://www.econbiz.de/10011761181
In the U.K., between 1955 and 1970, dual class shares quickly lost popularity without any regulatory intervention. The decline in the use of dual class shares was positively correlated with the relative valuations of one-share-one-vote and dual class firms, which in turn were related to media...
Persistent link: https://www.econbiz.de/10012975021
We explore the effect of institutional directors on Chief Executive Officer (CEO) pay (total, fixed, and variable compensation). We delve particularly into the impact of pressure-sensitive and pressure-resistant institutional directors, who, respectively, represent institutional investors who...
Persistent link: https://www.econbiz.de/10012297875
Persistent link: https://www.econbiz.de/10001429362