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Liquidity and corporate governance: evidence from family firms
Yu-Thompson, Yin; Lu-Andrews, Ran; Fu, Liang - In: Review of Accounting and Finance 15 (2016) 2, pp. 144-173
controlling shareholders may improve family firms’ corporate and stock liquidity, compared to non-family firms. Design … firms are more conservative by hoarding more corporate liquid assets (as measured by accounting balance sheet liquidity … exhibit higher level of stock liquidity and lower liquidity risk as measured by effective bid–ask spread than non-family firms …
Persistent link: https://www.econbiz.de/10014989811
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Investment spending and corporate governance
Dedoussis, Elias; Papadaki, Afroditi - In: Managerial Finance 36 (2010) 3, pp. 201-224
Greek listed firms exercise on the relation between investment and liquidity constraints. Design … with similar corporate governance systems, a possible source of separation (in the absence of bank‐controlled firms and …
Persistent link: https://www.econbiz.de/10014940096
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Adam Smith und die Bankenregulierung Ein Widerspruch zu einer sonst liberalen Wirtschaftspolitik?
Kremser, Christian E. W. - In: Zeitschrift für Wirtschaftspolitik 63 (2014) 3, pp. 293-328
Abstract Proponents of liberal economic policies in the financial market often refer to the moral and economic authority of Adam Smith, the founder of economics as a science, to add weight to their recommendations. They think, they can do so, because Adam Smith is in these circles considered a...
Persistent link: https://www.econbiz.de/10014630814
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A Cross-country Study of Corporate Financial Structure and the Flexibility Issue / Eine Querschnittsanalyse der Finanzstruktur von Unternehmen und der Flexibilitätsaspekt
Rivaud-Danset, Dorothée - In: Jahrbücher für Nationalökonomie und Statistik 221 (2001) 5-6, pp. 689-709
improves with liquidity. For non-financial firms, sources of liquidity are twofold: internal, by keeping cash, and external … bank and firm, typical of a ‘procedure-based’ banking model and a ‘Exit-dominated’ financial system (versus a ‘Voice … financial system differences by focusing on corporate liquidity.  …
Persistent link: https://www.econbiz.de/10014608861
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Science vs. Ideology: A Comment on Lynn Stout's New Thinking on "Shareholder Primacy"
Robé, Jean-Philippe - In: Accounting, Economics, and Law 2 (2012) 2
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
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D&O Insurance, Corporate Governance and Mandatory Disclosure: An Empirical Legal Study of Taiwan
Chen, Chun-Yuan - In: Asian Journal of Law and Economics 7 (2016) 1, pp. 19-62
Abstract The purpose of this paper is to test the signal effect of Directors and Officers (D&O) insurance and to analyze the necessity of mandatory disclosure of D&O insurance in Taiwan. D&O insurance is usually viewed as a signal mechanism of insured firms’ corporate governance and thus its...
Persistent link: https://www.econbiz.de/10014585153
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R&D, Liquidity Constraints, and Corporate Governance / Investitionen in FuE, Finanzierungsrestriktionen und Unternehmenssteuerung
Haid, Alfred; Weigand, Jürgen - In: Jahrbücher für Nationalökonomie und Statistik 221 (2001) 2, pp. 145-167
funds. No such liquidity constraints are found for manager-controlled firms. Further, for these firms we observe a …
Persistent link: https://www.econbiz.de/10014608824
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Auswirkungen von Mehrfachmandaten deutscher Vorstands- und Aufsichtsratsvorsitzender auf den Unternehmenserfolg / The Impact of Multiple Board Memberships of CEOs and Chairmen of S...
Balsmeier, Benjamin; Buchwald, Achim; Peters, Heiko - In: Jahrbücher für Nationalökonomie und Statistik 230 (2010) 5, pp. 547-570
Summary Members of management boards as well as supervisory boards often attract public criticism when they are simultaneously active in several other boards. We use a panel data set of the biggest German corporations for the period from 1996-2006 to estimate the impact of multiple board...
Persistent link: https://www.econbiz.de/10014609302
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Owners, Managers, and Entrepreneurship in The Corporate Firm
Ioannides, Stavros - In: Journal des �conomistes et des �tudes Humaines 12 (2002) 1
The “atemporal” character of Kirzner’s notion of alertness and discovery, and his insistence that entrepreneurship is independent of factor ownership have attracted many criticisms from within the Austrian camp. However, it is precisely these elements of his theory of entrepreneurship that...
Persistent link: https://www.econbiz.de/10014612427
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Herbert Spencer on Corporate Governance
Mingardi, Alberto - In: Man and the Economy 2 (2015) 2, pp. 195-214
Abstract Herbert Spencer (1820–1903) wrote on the emergence of railroad corporations and corporate governance matters. Since Spencer is typically considered a staunch libertarian, the fact that he expressed some criticisms over the emergent corporate capitalism might surprise many. But what...
Persistent link: https://www.econbiz.de/10014615695