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The paper examines the relationship between managerial share ownership and firm performance for British stock-exchange listed firms. We seek to establish a link between the predictions of agency theory and the corporate control environment using key governance and disclosure thresholds as...
Persistent link: https://www.econbiz.de/10014185326
) little susceptibility to manipulation; (iv) timeliness; (v) scalable from the individual bank to the system. We show how this …
Persistent link: https://www.econbiz.de/10013002156
lawyers as bank directors. That rise has been precipitous, raising the question of why lawyer-directors now sit on most bank … management and significant increases in bank value. In particular, banks with lawyer-directors assume more risk in ordinary (non … face today. They are also more likely to make complex information, sourced from multiple experts, more accessible to a bank …
Persistent link: https://www.econbiz.de/10012841607
since the financial crisis of 2007-08 to address weaknesses in bank risk culture. The paper suggests that shortcomings in …
Persistent link: https://www.econbiz.de/10012894261
In August 2007 the United Kingdom experienced its first bank run in over 140 years. Although Northern Rock was not a … particularly large bank (it was at the time ranked 7th in terms of assets) it was nevertheless a significant retail bank and a … outside the bank as depositors rushed to withdraw their deposits. There was always a fear that this could spark a systemic run …
Persistent link: https://www.econbiz.de/10011689937
In August 2007 the United Kingdom experienced its first bank run in over 140 years. Although Northern Rock was not a … particularly large bank (it was at the time ranked 7th in terms of assets) it was nevertheless a significant retail bank and a … outside the bank as depositors rushed to withdraw their deposits. There was always a fear that this could spark a systemic run …
Persistent link: https://www.econbiz.de/10011705347
Persistent link: https://www.econbiz.de/10001667999
Persistent link: https://www.econbiz.de/10009268881
Persistent link: https://www.econbiz.de/10001244115
This paper examines why some firms have no debt in their capital structures despite the potential benefits of debt financing. It adds new insights to this zero-leverage phenomenon by addressing two unexplored questions: Does a firm have zero leverage as a consequence of financial constraints or...
Persistent link: https://www.econbiz.de/10013095282