Showing 1 - 10 of 1,172
Purpose Past studies show that companies’ connection with the government (or politically connected companies (PCCs)) contributed negatively to their financial performance. The grabbing hand theory suggests that political connection demand companies to serve political and social obligation that...
Persistent link: https://www.econbiz.de/10014839527
Purpose The purpose of this paper is to examine the relationship between accounting conservatism, corporate governance and political connection in listed firms in Malaysia where political influence plays a significant role in the capital market and in many business dealings....
Persistent link: https://www.econbiz.de/10014675974
Purpose – This paper aims to investigate whether there is heterogeneity in the relationship between the bank loan interest rate and its determinants using the quantile regression method and to reconcile some conflicting findings in prior literature. Design/methodology/approach – First, the...
Persistent link: https://www.econbiz.de/10014989985
Purpose – The purpose of this paper is to examine the influence of perceived corruption on debt financing and ownership structure decisions of firms within the context of ten African countries. Design/methodology/approach – The paper analyses 15-year (1996-2010) data pertaining to 556...
Persistent link: https://www.econbiz.de/10014864043
Purpose – The purpose of this paper is to examine the role of industry peers in shaping firm debt maturity decisions. Design/methodology/approach – The authors use idiosyncratic equity shocks as instruments to disentangle industry fixed and peer effects. The authors also employ a three-stage...
Persistent link: https://www.econbiz.de/10014941207
Purpose – The purpose of this study is to investigate the relationship between dominant shareholders, whose voting rights exceed cash flow rights (excess control), and firms’ cost of capital, including both equity capital and debt. Design/methodology/approach – This research is conducted...
Persistent link: https://www.econbiz.de/10014785726
Purpose This paper aims to investigate the extent to which corporate governance (CG) systems adopted by Latin American listed firms affect their cost of equity capital. Several studies on the link between the two aforementioned dimensions have been carried out, but none in the context of Latin...
Persistent link: https://www.econbiz.de/10014695391
Purpose – The purpose of this paper is to examine the relationship between corporate governance (CG) and firms’ bond recovery rates (RRs). The authors hypothesize that governance features impact RRs by controlling agency costs that result from conflicts between bondholders and shareholders....
Persistent link: https://www.econbiz.de/10014941510
historical yields and base acreage, may lead to production distortions by altering a farmer's access to credit or enabling the … farmer to receive more favorable credit terms. The authors estimate the impact of decoupled direct payments under the 2002 … Farm Bill on the credit terms of farm operators, specifically the interest rate on short‐term operating loans. If farm …
Persistent link: https://www.econbiz.de/10014667113
I have never met Lynn Stout. Of course, just like any person even remotely interested in corporate governance and US corporate law, I know her insightful writings. But I do not know her personally. I know for a fact, however, that Lynn Stout is a nice person. And an excessively nice person she...
Persistent link: https://www.econbiz.de/10014584886