Showing 1 - 10 of 12,674
This paper examines and compares the dividend policies of American depository receipt (ADR) firms and U.S. firms and … identifies the factors that determine these policies for both types of companies. We find that ADR firms have higher dividend … comparisons and multivariate analysis show that the determining factors of dividend payout and stock repurchases differ between …
Persistent link: https://www.econbiz.de/10013040942
In order to examine non-linear predictability of the US and Japanese dividend-yield ratio, smooth transition regression … of non-linear risk aversion. Our findings support non-linearity in the US and Japanese dividend yield that might be …
Persistent link: https://www.econbiz.de/10012993353
Persistent link: https://www.econbiz.de/10011655596
This paper examines the relation between investor protection and real earnings management. We build on the work of La Porta et al. (2000), who found that countries with different legal systems protect investors differently. Using a sample of more than 13,000 unique firms in over 54 countries,...
Persistent link: https://www.econbiz.de/10013088446
Using a large sample of firms from 38 countries over the 2001-2012 period, we find evidence that following say on pay (SoP) laws, CEO pay growth rates decline and the sensitivity of CEO pay to firm performance improves. These changes are mostly concentrated on firms with high excess pay and...
Persistent link: https://www.econbiz.de/10013006494
Using a sample of about 90,000 observations from 38 countries over the 2001-2012 period, we provide three novel findings regarding say on pay (SoP) laws. First, we find robust evidence that SoP laws reduce CEO pay growth rates at firms. Second, such laws decrease the portion of total top...
Persistent link: https://www.econbiz.de/10013062816
Financial regulation is a much debated topic for some time. The history of financial instruments started at a time when people started giving value to physical objects over and above its inherent utility. Right from the very beginning of their existence, it has been acknowledged that financial...
Persistent link: https://www.econbiz.de/10012954603
Initial Public Offerings (IPOs) in the world's most important financial markets have been falling for the past decade …
Persistent link: https://www.econbiz.de/10013051774
This paper introduces the concept of false and misleading statements or omissions regarding companies in the bio-pharmaceutical industry, based on court decisions. Due to essential problem of stock market, “asymmetry of information,” if company’s public statements about material...
Persistent link: https://www.econbiz.de/10014032926
total number and 37% of the total volume of M&As around the world since the early 1990s. We survey the literature on cross …
Persistent link: https://www.econbiz.de/10013435159