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Ownership structure and voluntary disclosure in annual reports of Bangladesh
Rouf, Md. Abdur; Al-Harun, Abdullah - In: Pakistan Journal of Commerce and Social Sciences (PJCSS) 5 (2011) 1, pp. 129-139
This study examines the association between ownership structure and voluntary disclosure levels in the 2007 annual report of 94 samples of Bangladeshi listed companies. Ownership structure is provided by management ownership and institutional ownership. Using agency theory, it is argued that...
Persistent link: https://www.econbiz.de/10011938277
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Asymmetry and Spillover Effects in the North American Equity Markets
Pollard, Stephen K.; Sapra, Sunil K.; Canarella, Giorgio - In: Economics: The Open-Access, Open-Assessment E-Journal 1 (2007) 2007-12, pp. 1-52
In this paper we examine the issue of asymmetry in the return and volatility spillover effects from the US equity … market into the Canadian and Mexican equity markets. We model the conditional volatility of the returns in each of the three … considerably from those for Mexico. In particular, the empirical results indicate that volatility spillover effects, but not return …
Persistent link: https://www.econbiz.de/10010295295
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Stock returns and implied volatility: A new VAR approach
Lee, Bong Soo; Ryu, Doojin - In: Economics: The Open-Access, Open-Assessment E-Journal 7 (2013) 2013-3, pp. 1-20
The authors re-examine the return-volatility relationship and its dynamics under a new vector autoregression (VAR … the recently published VKOSPI (in Korea) - and their stock market indices, the authors find an asymmetric volatility …
Persistent link: https://www.econbiz.de/10010311635
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Diversification and control in emerging markets: The case of Chilean firms
Jara-Bertin, Mauricio; López Iturriaga, Felix J.; … - In: BRQ Business Research Quarterly 18 (2015) 4, pp. 259-274
We analyze the effect of two types of corporate diversification (business diversification and ownership diversification) on the market value of the Chilean firms. For a sample of 83 nonfinancial firms listed on the Santiago Stock Market from 2005 to 2013, we find a discount for both business and...
Persistent link: https://www.econbiz.de/10012118396
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Corporate governance in Latin American firms: Contestability of control and firm value
Jara Bertín, Mauricio; López Iturriaga, Felix J.; San … - In: BRQ Business Research Quarterly 22 (2019) 4, pp. 257-274
Using a sample of 595 firms listed in the capital markets of Argentina, Brazil, Chile, Colombia, Mexico, and Peru for the period of 2000-2015, we confirm prior literature by showing that when power distribution among several large shareholders (contestability) increases, firms' financial...
Persistent link: https://www.econbiz.de/10013327683
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Founder control, ownership structure and firm value: Evidence from entrepreneurial listed firms in China
Xia, Lijun - In: China Journal of Accounting Research 1 (2008), pp. 31-49
In emerging markets, the deviation between the ultimate controlling shareholders' voting rights and their cash flow rights (hereafter 'DVC') in the listed firms is quite prevalent. DVC could be introduced due to the ultimate controlling shareholders' opportunistic incentives, as well as by their...
Persistent link: https://www.econbiz.de/10011936972
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Corporate governance structure, legal environment, and valuation
Gul, Sajid; Rashid, Abdul; Muhammad, Faqir - In: Pakistan Journal of Commerce and Social Sciences (PJCSS) 11 (2017) 3, pp. 862-897
This study consists of two separate sections; both sections can be read individually but share a common theme in Corporate Governance (CG). In the first section, a unique approach is presented to test whether the manner through which corporate governance structure influence stock market...
Persistent link: https://www.econbiz.de/10011938578
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Restatement of the I-O coefficient stability problem
Dobrescu, Emilian - In: Journal of Economic Structures 2 (2013), pp. 1-67
The capacity of input-output tables to reflect the structural peculiarities of an economy and to forecast, on this basis, its evolution, depends essentially on the characteristics of the matrix A matrix of I-O (or technical) coefficients. However, the temporal behaviour of these coefficients is...
Persistent link: https://www.econbiz.de/10011551997
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Impact of democratic/non-democratic regimes on foreign direct investment in Pakistan: Pre and post September 11, 2001 scenarios
Nawaz, Tahir; Khan, Masood Amjad; Shah, Muhammad Akbar Ali - In: Pakistan Journal of Commerce and Social Sciences (PJCSS) 6 (2012) 1, pp. 67-82
observed that the volatility shocks are quite persistent and take a long time to die out. September 11, 2001incident and … thereafter war on terror has increased the conditional volatility of foreign direct investment and has statistically significant … volatility. One interesting finding of this study is that the impact of Non-Democratic regime before September, 11 scenario is …
Persistent link: https://www.econbiz.de/10011938300
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Short-Term Stock Price Reversals May Be Reversed
Kudryavtsev, Andrey - In: International Journal of Economic Sciences and Applied … 5 (2012) 3, pp. 129-146
making up the Dow Jones Industrial Index, I calculate intraday upside and downside volatility measures, following Becker et … document that for all the stocks in the sample, mean daily returns following the days when a stock's upside volatility measure … was higher or equal to its downside volatility measure are higher than following the days when the opposite relationship …
Persistent link: https://www.econbiz.de/10011310234