The governance theory constitutes a rich framework analysis and explanatory of the relation between the rapprochement strategies and the shareholders' value and stock exchange of the firm. In addition, research available in modern finance does not take into account the effect of the control...

Way back in 1934, Graham and Dodd observed the importance of earning power in investment theory. According to them, history of actual earning with a reasonable expectation should be approximated in future. The empirical study of Ball and Brown (1968) contends that of all the sources of...

This chapter will consider and add to the research on corporate governance in New Zealand listed companies. There is little evidence of investigation over the past ten years of the issue of the levels of common ownership and control in large listed companies in New Zealand. We will use...

The article considers the role of independent directors in the governance of companies. It puts forth the role of independent directors in the good governance of companies and looks at the issues that question the independence of the independent directors

Tennant, a leading producer of floor cleaning equipment, must determine how to create, finance, structure, staff, govern, measure and manage a new venture for developing a fundamentally new product line. In 2005, Tennant Company had developed an innovative, environmentally friendly, cleaning...

Public capital markets play an important role in financing the activities of non-financial companies in the United Kingdom, providing them with the main alternative to bank loans and private sources of finance. Although a small number of UK companies issue public bonds and equity, those that do...