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Using the Ordinary Least Square (OLS) estimation technique based on a sample of 180 listed firms from 2008 to 2018, this study investigates the impact of institutional ownership on firm performance in the Bangladeshi setting. Consistent with the "active monitoring" view, the results indicate...
Persistent link: https://www.econbiz.de/10014332723
Using a unique sample of exchangeable bond issues carried out in seven countries since the 2000s, this paper investigates the role of hybrid debt in the privatization of state-owned enterprises (SOEs) via government-controlled investment vehicles. This research shows that so far, sixteen series...
Persistent link: https://www.econbiz.de/10014516373
Die Anzahl an börsennotierten Unternehmen in Deutschland und weiteren Industrieländern wie dem Vereinigten Königreich und den USA nimmt seit mehreren Jahren ab. Es gibt deutlich mehr Börsenabgänge als Börsengänge. Zu diesem Trend tragen verschiedene Einflussfaktoren bei. Durch eine gute...
Persistent link: https://www.econbiz.de/10011794488
We examine whether business groups' influence on cash holdings depends on ownership. Group affiliation can increase firms' agency costs or benefit firms by providing an internal capital market, especially in transition economies characterized by weak investor protection and difficult external...
Persistent link: https://www.econbiz.de/10011937016
We study the dynamic causal effects of the shareholding ratio of controlling shareholder on tunneling behavior in China. We use control-right-transfers as the event to conduct the study. We obtain 394 control-right-transfer samples in China corporate control market from 2001 to 2008. We use...
Persistent link: https://www.econbiz.de/10011937033
In Romania, the requirements on corporate governance are relatively recent compared to other member-states of the European Union, as they have been introduced in the national legislation since 2006. The objective of the present study is to assess the implementation, at this initial level, of the...
Persistent link: https://www.econbiz.de/10015195952
This study aims to develop a real business life case on the two-step leveraged buyout transaction. Also, it is to share the case with the audience that might be globally related since the financial system has been global. And, consequently the language of financial reporting has been becoming...
Persistent link: https://www.econbiz.de/10015196082
Relying on a US bank sample, we document the double-edged sword of dividends on the bank's riskiness. Paying dividends exposes banks to stricter market discipline, then decreases the risk-taking behaviors of bank management compared with non-payers, consistent with the Dividend-Stability...
Persistent link: https://www.econbiz.de/10014001425
This study provides up-to-date evidence concerning the relationship between government ownership and R&D investments in the Chinese context. Using a large sample comprised of 15,138 observations from A-share firms traded on the Shanghai and Shenzhen stock exchange between 2009 and 2018, the...
Persistent link: https://www.econbiz.de/10014505548
This study examines the relationship between a board meeting and banks performance in Africa. This paper provides insight on this question after taking into account the endogeneity of the relationship between board meetings and performance. Specifically, we use the GMM technique and a sample of...
Persistent link: https://www.econbiz.de/10014505703