Showing 1 - 10 of 3,850
This paper provides evidence on the impact of fund board quality on (a) the fund flow-performance relation, (b) persistence in fund performance, and (c) a fund's potential change of strategy following a period of underperformance. We use Morningstar's board quality ratings as a proxy for the...
Persistent link: https://www.econbiz.de/10013095008
This paper examines the relation between acquirer (abnormal) returns and governance characteristics of the board of directors of the acquiring firm. The central question is: Are higher (acquirer) abnormal returns associated with ‘better' board governance, having controlled for other factors...
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This study looks into a theoretical model exploring the effects of ownership shares and directors’ proportions as majority shareholders on earnings management. Furthermore, the primary objective of this research is to investigate the moderating role of board meeting frequency between ownership...
Persistent link: https://www.econbiz.de/10014526024
-end, domestic-equity mutual funds during the 1985 to 2002 period. We show that experienced large-fund portfolio managers outperform … their size, book-to-market, and momentum benchmarks, but that experienced small-fund portfolio managers underperform their … boards, we find that independent directors are crucial for terminating underperforming seasoned portfolio managers, as …
Persistent link: https://www.econbiz.de/10013064666
This study examined the relationship between the board characteristics and stock performance of commercial banks. Our analysis is based on a sample of 65 banks across 10 MENA countries and their quantitative data extracted between 2013 and 2022. This research employed pooled OLS, and fixed and...
Persistent link: https://www.econbiz.de/10014636540
This study examines the implications of board interlocks on stock liquidity using a sample of listed Brazilian firms. The instrumental variable two-stage least squares estimation is used to minimize endogeneity concerns. This study provides evidence that board interlocks are positively related...
Persistent link: https://www.econbiz.de/10013248345
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