Narrow search
Showing 1 - 10 of 481
Cover Image
Corporate governance and firm characteristics as explanatory factors of shareholder activism: Validation through the French context
Souha, Siala Bouaziz; Anis, Jarboui - In: Cogent Economics & Finance 4 (2016) 1, pp. 1-19
This study deals with the major determinants of company shareholder activism investigated with according to a set of SBF 120 listed firms. Based on a sample of 77 companies, observed over the period 2008-2012, we are led to conclude that some firm governance characteristics do appear to affect...
Persistent link: https://www.econbiz.de/10011559202
Cover Image
The role of institutional investors in improving board of director attributes around the world
Alshabibi, Badar - In: Journal of Risk and Financial Management 14 (2021) 4, pp. 1-33
structures. Drawing from the agency theory and institutional theory, the results show that foreign institutional investors are …
Persistent link: https://www.econbiz.de/10012611723
Cover Image
Endogenous governance transparency and product market competition
Hidalgo-Cabrillana, Ana - In: SERIEs - Journal of the Spanish Economic Association 4 (2013) 1, pp. 113-136
This paper analyzes the determinants of governance transparency. In our model, entrepreneurs optimally decide the precision of their earning reporting by trading off the possibility of expropriating profits against the capacity to attract external funding.We find that information is only...
Persistent link: https://www.econbiz.de/10010317073
Cover Image
How activist investors value target firms: Evidence from hedge fund presentations
Pfirrmann, Maximilian; Eichner, Korbinian - In: Journal of Corporate Accounting & Finance 35 (2024) 2, pp. 357-374
This research study provides insights on how activist hedge funds perform valuation analyses of target firms. Relevant data was hand-collected from a sample of activist hedge fund presentations. Based on the hedge funds’ valuation analyses, the undervaluation of the target firms amounts to...
Persistent link: https://www.econbiz.de/10014525544
Cover Image
The moderating effect of audit quality on the relation between shareholder activism and earnings management: Evidence from France
Andoh, Francis Kwaw; Osoro, Nehemiah E.; Luvanda, Eliab - In: Contemporary Economics 13 (2019) 1, pp. 63-78
The present paper aims to provide empirical evidence regarding the impact of shareholder activism on earnings management. Specifically, it is focused on investigating the moderating role of an external governance mechanism such as external audit quality. Based on a sample of French companies...
Persistent link: https://www.econbiz.de/10014544565
Cover Image
How Corporate Sociopolitical Activism (CSA) impacts portfolio allocations: An experiment
Enete, Shane; Sturr, Tim - In: International Journal of Corporate Social … 8 (2023) 1, pp. 1-11
If a firm signals that they identify on one end of the conservative-liberal spectrum, will political affiliation help predict how an investor will allocate their investment dollars to that firm? Using an experimental survey design with 1,494 participants, evidence was found that political...
Persistent link: https://www.econbiz.de/10014545990
Cover Image
Shareholder activism and its impact on profitability, return, and valuation of the firms in India
Shingade, Sudam; Rastogi, Shailesh; Bhimavarapu, … - In: Journal of Risk and Financial Management 15 (2022) 4, pp. 1-20
The paper's prime objective is to understand the impact of Shareholder activism on firm performance. This study is conducted in a unique setup where traditional activist investors such as pension funds and hedge funds are not present. However, the activism cases are increasing yearly in an...
Persistent link: https://www.econbiz.de/10013201451
Cover Image
CSR and firm risk: Is shareholder activism a double-edged sword?
Bozos, Konstantinos; King, Timothy; Koutmos, Dimitrios - In: Journal of Risk and Financial Management 15 (2022) 11, pp. 1-22
Few can argue with the notion that corporations should at least consider corporate social responsibility (CSR) to better understand the impact of their operations on society. However, recent empirical tests suggest CSR has an ambiguous impact on firm performance. To shed new light on this...
Persistent link: https://www.econbiz.de/10014332699
Cover Image
An Agency Perspective of Auditor Change in Small Firms
Keasey, Kevin; Watson, Robert - In: Journal of Small Business Finance 1 (1991) 1, pp. 45-59
This paper uses an agency theory perspective to develop an understanding of the determinants of auditor change for … capital, and when their existing loans are not secured. The results indicate some support for the agency arguments examined …
Persistent link: https://www.econbiz.de/10011310289
Cover Image
The Agency Advantage of Debt over the Lifecycle of the Firm
Vos, Ed; Forlong, Carolyn - In: Journal of Entrepreneurial and Small Business Finance 5 (1996) 3, pp. 193-211
. From these studies, agency theory has emerged as a good way to understand a firm's capital structure. This paper … empirically examines the role that agency theory plays in determining the capital structure of businesses as they move from being … debt has a negative agency advantage (defined as reducing agency costs of equity) for small businesses, a significant but …
Persistent link: https://www.econbiz.de/10011310366