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This paper investigates the economic role of bank mergers in creating shareholder value based on the idea that shareholder wealth will increase if the consolidation leads to the aforementioned gains. This paper is divided into seven sections. The second section of my paper provides an academic...
Persistent link: https://www.econbiz.de/10009429056
This article addresses the question whether companies from emerging economies create shareholder value through foreign acquisitions. The popular business press usually views these foreign acquisitions very positively. The stock markets have often reacted negatively to the acquisitions. The...
Persistent link: https://www.econbiz.de/10009476641
Die Europäische Union hat es sich zum Ziel gemacht, auf eine gute und vor allem effektive Corporate Governance hinzuwirken. Mit dieser Zielsetzung wurde in einer Abänderungsrichtlinie festgelegt, dass kapitalmarktorientierte Unternehmen künftig umfassende Informationen (das sog. Corporate...
Persistent link: https://www.econbiz.de/10009428987
This dissertation investigates the antecedents and consequences to pay disparity between the CEO and non-CEO executives from an equity-based perspective. While the principles of agency theory suggest that CEOs are granted higher compensation packages to better align their motives to those of the...
Persistent link: https://www.econbiz.de/10009431422
companies' auditors. Limited research in the auditor selection process and PCAOB inspections suggest that managers, not audit … indicators, other than managers' recommendation, in evaluating auditors. In a setting where the manager recommends the auditor … companies' auditors. Limited research in the auditor selection process and PCAOB inspections suggest that managers, not audit …
Persistent link: https://www.econbiz.de/10009431425
The Bottom Line on Board Diversity: A Cost Benefit Analysis of the Business Rationales for Diversity on Corporate Boards critically examines the business rationales for diversity in order to determine whether they can or should be used to encourage greater diversity on the boards of major...
Persistent link: https://www.econbiz.de/10009432047
Opportunity for group study by graduate students on current topics related to management not otherwise included in curriculum. From the course home page: Course Description This is a course on how corporations make use of the insights and tools of risk management. Most courses on derivatives,...
Persistent link: https://www.econbiz.de/10009432744
schemes used by Hees-Edper firms encouraged managers to adopt high-risk strategies, and that the intercorporate co …
Persistent link: https://www.econbiz.de/10009438865
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
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