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Institutional ownership and firm performance : evidence from an emerging economy
Abedin, Syeda Humayra; Haque, Humaira; Shahjahan, Tanjina; … - In: Journal of risk and financial management : JRFM 15 (2022) 12, pp. 1-17
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
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Insider ownership and default risk : what does the data reveal about Japanese firms?
Haque, Humaira; Kabir, Md. Nurul; Abedin, Syeda Humayra; … - In: China Accounting and Finance Review 26 (2024) 3, pp. 354-384
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
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Does the Market Understand the Ex Ante Risk of Expropriation by Controlling Shareholders?
Cheung, Yan-Leung; Rau, P. Raghavendra; Stouraitis, Aris; … - 2021
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
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Raising capital amid economic policy uncertainty : an empirical investigation
Ashraf, Dawood; Khawaja, Mohsin; Bhatti, Muhammad Ishaq - In: Financial innovation : FIN 8 (2022), pp. 1-32
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
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Quantifying foreign institutional block ownership at publicly traded U.S. corporations
Coates, John C.; Fein, Ronald A.; Crenny, Kevin; Dong, … - 2016
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
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Large Shareholders and Financial Distress
Opp, Christian C. - 2019
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
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Did life insurers benefit from TARP or regulatory forbearance during the financial crisis of 2008-2009?
Barnes, Michelle L. - 2016 - This version: October 25, 2016
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
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Ultimate owner and risk of company performance
Staszkiewicz, Piotr; Szelągowska, Anna - In: Economic research 32 (2019) 1,4, pp. 3795-3812
Persistent link: https://www.econbiz.de/10012405716
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Determinants of acquisition and failure : stylized facts and lessons for empirical studies
Köke, F. Jens - 2001
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/10011446202
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Investment Propensity of Controlling Shareholders and Financial Constraints : Evidence around the World
Park, Jin Ho - 2012
This paper examines the effect of ownership structure of a controlling shareholder on the financial constraints of non-financial firms in 22 economies for the 1982-2009 period. We find that the overinvestment propensity of a controlling shareholder becomes less severe with an increase in...
Persistent link: https://www.econbiz.de/10013098983