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Financial Frictions, Investment, and Institutions

Yafeh, Yishay - 2010

Financial frictions have been identified as key factors affecting economic fluctuations and growth. But, can institutional reforms reduce financial frictions? Based on a canonical investment model, we consider two potential channels: (i) financial transaction costs at the firm level; and (ii)...

Persistent link: https://www.econbiz.de/10014397491

Global Markets, Domestic Institutions : Corporate Law and Governance in a New Era of Cross-Border Deals

Milhaupt, Curtis J. - 2012

Markets for capital, products, and managerial talent are expanding rapidly across national borders, yet domestic laws and practices have never had greater impact on corporate structures and cross-border deals. Investors pursuing high returns and diversification, entrepreneurs seeking capital,...

Persistent link: https://www.econbiz.de/10012676852

Corporate Governance in Global Capital Markets

Sarra, Janis - 2014

Intro -- Contents -- Foreword -- Acknowledgments -- Introduction -- Part 1: Governance of the Corporation in the Context of Global Markets -- 1 Canadian Corporate Governance Reform: In Search of a Regulatory Role for Corporate Law -- 2 Oversight, Hindsight, and Foresight: Canadian Corporate...

Persistent link: https://www.econbiz.de/10012681575

Lessons from the financial crisis : causes, consequences, and our economic future

Kolb, Robert W. (ed.) - 2010 - Online-Ausg.

The world's best financial minds help us understand today's financial crisis With so much information saturating the …

Persistent link: https://www.econbiz.de/10012683401

Financial Regulation and Supervision in Corporate Governance of Banks

Kim, Hwa-Jin - 2017

This Essay discusses and analyzes the role of financial regulation and the state's interference through financial supervision with corporate governance of banks from economic and political perspectives. It suggests that the limits of corporate law and financial regulation cause the state to use...

Persistent link: https://www.econbiz.de/10012971113

Anti-Misconduct Policies, Corporate Governance and Capital Market Responses : International Evidence

Li, Changhong - 2017

Using a sample of 5,486 observations from 25 countries between 2009 and 2013, we investigate the signaling effects of anti-misconduct policies on market valuation, and address the roles played by internal corporate governance mechanisms and external institutional environments. The results show...

Persistent link: https://www.econbiz.de/10012964875

Explaining Top Management Turnover in Private Corporations : The Role of Cross-Country Legal Institutions and Capital Market Forces

Lel, Ugur - 2018

We find that the strength of countries' legal institutions can explain the ability of private firms to identify and terminate poorly performing managers. This finding is consistent with our hypothesis that governance problems in private firms are ameliorated by strong institutions that reduce...

Persistent link: https://www.econbiz.de/10012938429

Convergence Versus Divergence, Global Corporate Governance at the Crossroads : Governances Norms, Capital Markets & OECD Principles for Corporate Governance

Sarra, Janis P. - 2016

There is growing debate as to whether international corporate governance practices can or should converge. Effective corporate governance has been linked to the ability of corporations to compete in global capital markets. Corporations operating in diverse economies have capital structures that...

Persistent link: https://www.econbiz.de/10013000106

Financial Frictions, Investment and Tobin's q

Lorenzoni, Guido - 2007

We develop a model of investment with financial constraints and use it to investigate the relation between investment and Tobin's q. A firm is financed partly by insiders, who control its assets, and partly by outside investors. When their wealth is scarce, insiders earn a rate of return higher...

Persistent link: https://www.econbiz.de/10012465562

Islamic Finance : A Practical Perspective

Alam, Nafis; Gupta, Lokesh; Shanmugam, Bala - 2017

products and services in a range of counties throughout the world. Information technology including fintech, payment and … products and services in a range of counties throughout the world. Information technology including fintech, payment and … industry experience and has served as Consultant to many Financial Institutions, including the World Bank. He is also on the …

Persistent link: https://www.econbiz.de/10012398088