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We analyse the influence of the board of directors and ownership structure on the valuation of IPOs in the Spanish capital market during the period 1998-2013. After controlling for other influences such as the auditor's reputation, the underwriter's reputation and the level of information...
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The main goal of this work is to develop an exploratory analysis of the board composition of Spanish companies that belong to innovative economic sectors. We seek to contribute to the inconclusive literature that analyses the relationship between board composition and innovation, exploring the...
Persistent link: https://www.econbiz.de/10013043198
Although the role of institutional investors as shareholders has been widely studied, the literature provides little evidence on the role of institutional investors as directors. Therefore, this article analyzes the influence of directors who represent institutional investors in three aspects of...
Persistent link: https://www.econbiz.de/10013034132
This study offers insight into the role of board politicization on the Spanish cajas' performance from a dual perspective. First, we analyze the effect of a new kind of political directors who occupy board seats as representatives of stakeholders outside the public administrations while...
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last six years and, at the same time there is evidence that Spain moved earlier towards a balanced boardroom at legislative … on corporate governance and avoid risks that could affect company value. Once more in Spain main shareholders or founding … and professional profile of board diversity. Neither of the regulations coming from the European Commission and the Spain …
Persistent link: https://www.econbiz.de/10014037065