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Havenly Acquisitions
Col, Burcin - 2019
We explore the valuation, tax and post-merger performance consequences of M&As with tax haven firms. Using an international sample of cross-border mergers over the period 1989 to 2010, we find that acquirers of tax haven firms decrease their effective tax rates significantly in two years...
Persistent link: https://www.econbiz.de/10012905023
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Mergers and the Market for Busy Directors : An International Analysis
Ferris, Stephen P. - 2020
Using 13,233 acquisitions from 57 countries, we examine M&A decisions made by busy boards. We find that few busy acquirers originate from emerging markets and that they tend to undertake cross-border mergers, favor public targets, finance with cash and equity, pursue non-diversifying mergers,...
Persistent link: https://www.econbiz.de/10012852398
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CEO Relative Age and Corporate Risk-Taking
Guo, Junru; He, Jia; Liu, Sibo; Wang, Yonglin - 2022
the arguable randomness of managers’ birth months and a novel data set containing the birth month information of 2 …
Persistent link: https://www.econbiz.de/10013404933
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CEO Tournaments : A Cross-Country Analysis of Causes, Cultural Influences and Consequences
Burns, Natasha - 2016
Using a cross-country sample, we examine the CEO tournament structure (measured alternatively as the ratio and the difference of pay between the CEO and other top executives within a firm). We find the tournament structure to vary systematically with firm and country cultural characteristics. In...
Persistent link: https://www.econbiz.de/10013008280
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CEO Tournaments : A Cross-Country Analysis of Causes, Cultural Influences and Consequences
Burns, Natasha - 2015
Using a cross-country sample, we examine the CEO tournament structure (measured alternatively as the ratio and the difference of pay between the CEO and other top executives within a firm). We find the tournament structure to vary systematically with firm and country cultural characteristics. In...
Persistent link: https://www.econbiz.de/10013035620
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Does Takeover Activity Cause Managerial Discipline? Evidence from International M&A Laws
Lel, Ugur - 2014
This paper exploits the staggered initiation of takeover laws across countries to examine whether the threat of … takeover enhances managerial discipline. We show that following the passage of takeover laws (1) poorly performing firms … control events. Our findings suggest that the threat of takeover causes managerial discipline through the incentives that the …
Persistent link: https://www.econbiz.de/10013068842
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Does corporate diversity really matter in the plantation sector? : empirical evidence from a world islamic leading country and market reaction
Hassan, Rohail; Maran Marimuthu - In: International Journal of Financial Studies : open … 5 (2017) 3, pp. 1-25
The paper examines demographic and cognitive diversity at top-level management and its impact on the performance of Malaysian-listed companies (Plantation and Energy Sectors). Although many organisations aspire to be socially diverse, diversity’s consequences for organisational performance...
Persistent link: https://www.econbiz.de/10011759988
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Corporate Governance in Extreme Institutional Environment : Evidence From Emerging Economy
Arslan, Muhammad - 2019
Corporate governance (CG) is often split among rule and principlebased methods to regulation in distinctive institutional contexts. Relying on an alternative theoretical framework (i.e. institutional theory), rather than the dominant agency theory, this study conceptualizes corporate governance...
Persistent link: https://www.econbiz.de/10012857828
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National Culture, Corporate Governance and Corruption : A Cross-country Analysis
Boateng, Agyenim - 2020
Drawing on institutional theory, we examine the impact of corporate governance (CG) on corruption. The interaction effects of national culture and CG on corruption are also examined. By employing a dataset of 149 countries, our baseline findings indicate that the quality of CG practices reduces...
Persistent link: https://www.econbiz.de/10012830545
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Determinants of Goodwill Impairment : International Evidence
Glaum, Martin - 2015
This study investigates the determinants of firms' decision to impair goodwill under IFRS. Our empirical analysis is based on data for the years 2005 to 2011 for 8,110 non-financial firm-years and 1,358 financial firm-years from 21 countries where firms apply IFRS. We specifically investigate...
Persistent link: https://www.econbiz.de/10013022446