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Value creation in M&A transactions, conference calls, and shareholder protection
Fraunhoffer, Robert M.; Kim, Ho Young; Schiereck, Dirk - In: International Journal of Financial Studies : open … 6 (2018) 1, pp. 1-21
This study investigates whether conference calls accompanying M&A announcements in Europe provide valuable information for capital market participants and hence induce an abnormal stock price revaluation on the bidder’s equity. Based on handpicked data for transactions between 2008 and 2012 we...
Persistent link: https://www.econbiz.de/10011848217
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Chapter 1. Corporate Governance and Control
Becht, Marco; Bolton, Patrick; Röell, Ailsa - 2003
from this overview: regulation of large shareholder intervention may provide better protection to small shareholders; but …
Persistent link: https://www.econbiz.de/10014023875
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CORPORATE GOVERNANCE: CHALLENGES FOR LATIN AMERICA
LEFORT, FERNANDO; WALKER, EDUARDO - In: Abante 2 (2000) 2, pp. 99-111
Corporate Governance relates to mechanisms through which providers of resources to the firm get their share of resources in return. Adequate governance practices help develop capital markets and assist market forces in attaining efficient contracts. Convincing evidence exists that well developed...
Persistent link: https://www.econbiz.de/10005813742
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Chapter 12 Corporate Law and Governance
Becht, Marco; Bolton, Patrick; Röell, Ailsa - In: Handbook of law and economics : volume 2, (pp. 829-943). 2007
This chapter surveys the theoretical and empirical research on the main mechanisms of corporate law and governance, discusses the main legal and regulatory institutions in different countries, and examines the comparative governance literature. Corporate governance is concerned with the...
Persistent link: https://www.econbiz.de/10014023498
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Chapter 6. Law and Finance After a Decade of Research
La Porta, Rafael; Lopez-de-Silanes, Florencio; … - 2013
In the last dozen years, economists have produced a considerable body of research suggesting that the historical origin of a country’s laws is highly correlated with a broad range of its legal rules and regulations, as well as with economic outcomes. Much of this research has dealt with rules...
Persistent link: https://www.econbiz.de/10014025558
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The link between firm risk-taking and CEO power of listed firms on the Vietnamese stock market : the role of state ownership
Ngoc Thanh Tran; Thi Ngoc Dung Pham; Dien Duan Nguyen; … - In: Cogent business & management 11 (2024) 1, pp. 1-16
shareholder benefit. However, predicting CEO behaviour remains challenging, especially when considering CEO power (CEOP). Hence … 2010 to 2020. Utilizing the Entropy weight methodology, a CEOP index combines structural, ownership, and expert power … the Chief Executive Officer (CEO). Hence, this study explores the interaction between CEO power and firm risk-taking in …
Persistent link: https://www.econbiz.de/10014526511
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Bulgarian Mass Privatisation: Implications on Corporate Governance
Tchipev, Plamen D. - In: Mass Privatisation Schemes in Central and East European …
large process; there were signs that it is mostly a willingness to avoid the rigid legal regulation imposed on the …
Persistent link: https://www.econbiz.de/10011019173
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Going private transactions by U.S.-Listed Chinese companies: What drives the premiums paid?
Chen, Yea-Mow; Huang, Ying Sophie; Wang, David K.; Wu, … - In: International Review of Economics & Finance 32 (2014) C, pp. 79-91
This paper examines the premiums paid by U.S.-listed Chinese companies in going-private transactions over the period from 2010 to 2012 and tests several incentive hypotheses for taking public companies private. Apart from the factors representing perceived difficulties and potential litigation...
Persistent link: https://www.econbiz.de/10010930972
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Sarbanes-Oxley, governance, performance, and valuation
Basu, Nilanjan; Dimitrov, Orlin - In: Journal of Financial Regulation and Compliance 18 (2010) February, pp. 32-45
Purpose – The purpose of this paper is to examine the effect of the passage of the Sarbanes-Oxley Act (SOX) on a number of governance and governance-related characteristics, such as board structure and committee composition, as well as the effect of those changes (if any) on both accounting...
Persistent link: https://www.econbiz.de/10009395131
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Efficient Markets and the Law: A Predictable Past and an Uncertain Future
Hu, Henry T.C. - In: Annual Review of Financial Economics 4 (2012) 1, pp. 179-214
failed to influence—federal securities regulation and state corporate law, and the prospective roles for the EMH in these … contexts. In federal securities regulation, the EMH has offered a theoretical construct to accompany the general belief in the …
Persistent link: https://www.econbiz.de/10010603964