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Private Equity, LBOs, and Corporate Governance : International Evidence
Siegel, Donald S. - 2011
We review the governance role of private equity (PE) firms in companies that have experienced an LBO. We conjecture that PE firms may provide powerful remedies to agency conflicts associated with public and private firms, such as managerial entrenchment and opportunism
Persistent link: https://www.econbiz.de/10013131653
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Global Ownership and Corporate Control Networks
Rungi, Armando - 2019
In this contribution, at first, we introduce a basic network framework to study pyramidal structures and wedges between ownership and control of companies. Then, we apply it to a dataset of 53.5 million of companies operating in 208 countries. Among others, we detect a strong concentration of...
Persistent link: https://www.econbiz.de/10012901128
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International Corporate Governance Spillovers : Evidence from Cross-Border Mergers and Acquisitions
Albuquerque, Rui A. - 2018
We test the hypothesis that foreign direct investment promotes corporate governance spillovers in the host country. Using firm-level data from 64 countries during the period 2005-2014, we find that cross-border M&A activity is associated with subsequent improvements in the governance of...
Persistent link: https://www.econbiz.de/10012938394
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The Governance Transfer of Blockholders : Evidence from Block Acquisitions and Earnings Management around the World
Dai, Lili - 2017
We examine the governance transfer effect of corporate blockholders in a sample of 892 block acquisitions across 42 countries from 1990 to 2008. Using earnings management as a proxy for corporate governance outcome, we find that target firms' earnings management is aligned with that of block...
Persistent link: https://www.econbiz.de/10012974044
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International Corporate Governance Spillovers : Evidence from Cross-Border Mergers and Acquisitions
Albuquerque, Rui A. - 2018
We test the hypothesis that foreign direct investment promotes corporate governance spillovers in the host country. Using firm-level data from 64 countries during the period 2005-2014, we find that cross-border M&A activity is associated with subsequent improvements in the governance of...
Persistent link: https://www.econbiz.de/10012923482
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Explaining Top Management Turnover in Private Corporations : The Role of Cross-Country Legal Institutions and Capital Market Forces
Lel, Ugur - 2018
terminate poorly performing managers. This finding is consistent with our hypothesis that governance problems in private firms … performing managers. Comparing private firms to their public counterparts, we find that private firms have a lower propensity to … replace poorly performing managers than public firms do and that public firms' exposure to capital market forces (the market …
Persistent link: https://www.econbiz.de/10012938429
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Good and Bad Banks? Governance, Human Capital of Top Managers and Performance
García-Cestona, Miguel - 2014
managers. Some authors have pointed out that neither the formal governance institutions (i.e. the composition of the different …
Persistent link: https://www.econbiz.de/10013046348
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Corporate Governance Reforms Around the World and Cross-Border Acquisitions
Kim, E. Han - 2013
This paper provides comprehensive, detailed documentation of major corporate governance reforms (CGRs) undertaken by 26 advanced and emerging economies. Have these reforms impacted corporate investment decisions by altering investor protection (IP)? To answer this question, we estimate the CGRs'...
Persistent link: https://www.econbiz.de/10013082009
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Shareholders at the Gate? Institutional Investors and Cross-Border Mergers and Acquisitions
Ferreira, Miguel A. - 2009
-border portfolio investments of institutional money managers and cross-border M&As are complements in promoting financial integration …
Persistent link: https://www.econbiz.de/10013158587
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Antitakeover Statutes and Internal Corporate Governance
Lee, Choonsik - 2015
Persistent link: https://www.econbiz.de/10013010589