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Managerial Entrenchment means that management control a significant portion of the equity in the firm and his/her actions is inconsistent with maximizing aim of the Institute. This research examined the impact of managerial entrenchment on cost of capital stock by analyzing of changes in levels....
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We find that listed parents' carve-outs have investment-cash flow sensitivities 80% lower than unlisted parents' carve …
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In this study, we examine international differences in firms' cost of equity capital around the world. Specifically, we investigate whether the effectiveness of labor protection regulations is systematically related to firms' cost of equity capital and how the presence of controlling...
Persistent link: https://www.econbiz.de/10013121462
This paper analyses the performance consequences of board structure changes in Ghana for the study period 2000 to 2009. We predict that board structure changes prompted by the introduction of the Ghanaian Code in 2003 should lead to better firm performance. The results show that duality...
Persistent link: https://www.econbiz.de/10012854747
The prior literature establishes that trust affects investment, however, whether it leads to investment efficiency is … unaddressed. This study seeks to investigate the relationship between societal trust and corporate investment efficiency. The … study documents a positive association between societal trust and corporate investment efficiency. Using data from 30 …
Persistent link: https://www.econbiz.de/10012850241
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