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This research paper brings forward a non-standard convertible zero-coupon bond endowed with a set of distinctive features attached to it so as to strengthen the corporate governance of the issuer, namely that conversion actually takes place at maturity date only; that conversion is mandatory; it...
Persistent link: https://www.econbiz.de/10010323155
.However, this is counterbalanced if creditor rights and the efficiency of credit contract enforcement are stronger in the target …
Persistent link: https://www.econbiz.de/10011090642
September 2008, arguably suggest a greater willingness to subordinate market efficiency in favor of other governmental goals. A … microstructure, and governmental goals. Foremost are those relating to the informational predicate on which market efficiency rests …
Persistent link: https://www.econbiz.de/10010603964
It is the objective of this paper to determine the voting premium for French shares by comparing the values of voting and non-voting shares, and to analyze the value of the voting rights. The study uses data for 25 French companies which had both types of shares outstanding and traded on the...
Persistent link: https://www.econbiz.de/10010316303
This research paper brings forward a non-standard convertible zero-coupon bond endowed with a set of distinctive features attached to it so as to strengthen the corporate governance of the issuer, namely that conversion actually takes place at maturity date only; that conversion is mandatory; it...
Persistent link: https://www.econbiz.de/10008498501
This study examines the impact of ESG ratings on mutual fund holdings, stock returns, corporate investment, and corporate ESG practices, using panel event studies. Looking specifically at changes in the MSCI ESG rating, we document that rating downgrades reduce ownership by mutual funds with a...
Persistent link: https://www.econbiz.de/10013492122
Can corporate governance ratings reduce problems of asymmetric information between companies and investors? To answer this question, we set out to examine the information basis for providing such ratings by reviewing corporate governance attributes that are required or recommended in laws,...
Persistent link: https://www.econbiz.de/10010469303
The aim of the research was to determine the impact of selected corporate governance mechanisms on the scope of disclosures related to control system over financial reporting in Poland and Germany. The research group comprised of companies from the Warsaw WIG 30 index and the German DAX index in...
Persistent link: https://www.econbiz.de/10012395278
Intellectual capital (IC) has been widely recognized as an important resource in creating value and competitive advantage for companies. This study therefore examined the effect of corporate governance on intellectual capital disclosure and market capitalization through the use of the companies...
Persistent link: https://www.econbiz.de/10012626141
' current income (dividends) is moderated by technical efficiency (te) and profitability. The study employs econometrics on … this study, a company's dividend policy is influenced by its TD levels, which are controlled by its efficiency and … profitability, efficiency, and dividend distribution choices to ascertain whether the companies' operating effectiveness and …
Persistent link: https://www.econbiz.de/10014485338