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Corporate Governance and Investor Reactions to Seasoned Equity Offerings

Huang, Rongbing; Tompkins, James G - 2009

We study the role of corporate governance in abnormal returns around announcements of seasoned equity offerings (SEOs) by publicly traded U. S. firms from 2001 - 2004. We find that investors react more positively for firms in which different people hold the CEO and board chairman positions. We...

Persistent link: https://www.econbiz.de/10009458997

Governance Structures, Ethnicity, and Audit Fees of Malaysian Listed Firms

Yatim, Puan; Kent, Pamela; Clarkson, Peter - 2006

This study examines the association between external audit fees, and board and audit committee characteristics of 736 Malaysian listed firms. It is hypothesised that good corporate governance practices reduce auditors' risk assessments, resulting in lower audit fees. Drawing on the existence of...

Persistent link: https://www.econbiz.de/10009441721

Group Polarization on Corporate Boards: Theory and Evidence on Board Decisions about Acquisition Premiums, Executive Compensation, and Diversification.

Zhu, Hongquan - 2009

This dissertation examines how a fundamental group decision-making bias referred to as group polarization may influence boards’ major strategic decisions (i.e. acquisition premiums, executive compensation, and diversification) and the diffusion of practices through interlock networks. I begin...

Persistent link: https://www.econbiz.de/10009476655

Enterprise Risk Management: An Empirical Analysis of Factors Associated with the Extent of Implementation

Beasley, Mark S.; Clune, Richard; Hermanson, Dana - 2005

Enterprise risk management (ERM) has emerged as a new paradigm for managing the portfolio of risks that face organizations, and policy makers continue to focus on mechanisms to improve corporate governance and risk management. Despite these developments, there is little research on factors...

Persistent link: https://www.econbiz.de/10009459108

The Effect of Governance on Credit Decisions and Perceptions of Reporting Reliability

Holder-Webb, Lori; Sharma, Divesh S. - 2010

We conduct an experiment to examine how lending decisions are affected by lender perceptions of reporting and governance quality. We perform a set of experiments to determine whether lenders are sensitive to the quality of governance as measured by board composition along multiple dimensions,...

Persistent link: https://www.econbiz.de/10009459049

Essays in Corporate Governance: Issues and Evidence from Equity Carve-Outs

Kayanga, Andrew Mulindwa - 2008

This dissertation consists of three essays examining the relation between corporate governance and firm performance. The theme of this study is that the widely documented long-term underperformance in equity carve-outs can be partly explained by weak corporate governance. The first essay...

Persistent link: https://www.econbiz.de/10009451104

Impact of M & A on firm performance in India: Implications for concentration of ownership and insider entrenchment

Bhaumik, Sumon Kumar; Selarka, Ekta - 2008

examines the impact of M & A on profitability of firms in India, where the corporate landscape is dominated by family-owned and … results indicate that, during the 1995-2002 period, M & A in India led to deterioration in firm performance. We also find that …-owned and group affiliated firms in India. …

Persistent link: https://www.econbiz.de/10009477189

When Managers Bypass Shareholder Approval of Board Appointments: Evidence from the Private Security Market?

Arena, Matteo; Ferris, Stephen P - 2007

This paper investigates the influence of managerial entrenchment on private placements by examining the firm's decision to appoint representatives of the private investors to the board without shareholder approval. By analyzing a sample of U.S. firms that appoint directors in combination with...

Persistent link: https://www.econbiz.de/10009484532

In High Gear: A Case Study of the Hees-Edper Corporate Group

Strangeland, David; Daniels, Ronald J.; Morck, Randall - 1995

This study compares firms in the Hees-Edper Group with a number of other independent firms of similar size and in the same industries over a four-year period from 1988 to 1992, just prior to the first release of news that the Hees-Edper group was in financial trouble. During that period,...

Persistent link: https://www.econbiz.de/10009438865

Corporate Governance Ratings in Emerging Markets: Implications for Market Valuation, Internal Firm-Performance, Dividend Payouts and Policy

Baker, Edward; Godridge, Ben; Gottesman, Aron; Morey, … - 2007

This paper utilizes a new data set from AllianceBernstein that, unlike other corporate governance data, has country-level and monthly-updated firm-level governance ratings for 22 emerging markets countries for almost a five year period. With these data we examine the relationship of firm-level...

Persistent link: https://www.econbiz.de/10009440652

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