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, we find that the operating efficiency of the acquirers decreases around the acquisition, and up to three years after …-price return is not significantly associated with acquirer’s operating efficiency post-acquisition. Therefore, investors should be … merger efficiency gains. …
Persistent link: https://www.econbiz.de/10012888263
Persistent link: https://www.econbiz.de/10009699675
productivity. The results show that bank loans and director ownership had negative impact on the efficiency of firms; however … ; efficiency ; manufacturing ; GMM …
Persistent link: https://www.econbiz.de/10009376665
2395 listed companies in China from 2007 to 2020, we examine the investment efficiency of this ownership practice on … relationship with corporate investment efficiency by reducing overinvestment. Further institutional heterogeneity analysis reveals … effect of common institutional ownership on enterprises' investment efficiency is stronger. The empirical results are …
Persistent link: https://www.econbiz.de/10014383545
Die noch immer andauernde Wirtschafts- und Finanzkrise zeigt, wie wichtig funktionierende Bankenmärkte für die Stabilität einer Volkswirtschaft sind. Die weltweite Verflechtung der Bankenmärkte ermöglicht einerseits eine stärkere globale Diversifizierung der Bankenrisiken, andererseits...
Persistent link: https://www.econbiz.de/10010417339
The paper examines the impact of business group affiliation on cost of loans in an emerging market setting. It focuses on operational strategy, organizational structure and internationalization policies of business group firms and their impact on borrowing cost of affiliated firms. Bank loans...
Persistent link: https://www.econbiz.de/10011855158
In this work, we trace and analyze the emergence of the crisis in the Bulgarian banking system as well as the behavior of the central bank and other macroeconomic institutions. The average annual rate of growth in the net profits of the commercial banks for the period 2002-2008 amounted to...
Persistent link: https://www.econbiz.de/10010228493
This work analyzes the role of governance of financial entities in the current crisis. Neoliberal economic policies, deregulation and liberalization have characterized financial globalization, giving rise to the financialization of the economy. This paper, using the analysis-synthesis method,...
Persistent link: https://www.econbiz.de/10010228497
Theoretical approaches and demonstrated repertoires in the Islamic finance literature have formed a divergent and inconsistent system that did not truly value the importance of the Shariah Advisory Board’s quality and practices. The real impacts generated by the Shariah Advisory Board on the...
Persistent link: https://www.econbiz.de/10013459376
The primary purpose of this paper is to empirically investigate the impact of bank competition on financial stability in India. We use a dynamic panel model to examine whether an increase in bank competition hindrances financial stability of commercial banks in India over the period 1996 to...
Persistent link: https://www.econbiz.de/10012306682