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Contingent Convertible Bonds and its Impact on Risk-Taking of Managers

Walther, Thomas - 2019

This paper discusses how Contingent Convertible Bonds (CCB) influence the risk-taking behaviour of managers. A methodology to measure the impact is presented. The results show that the decision of issuing CCB to finance the firm's assets sets incentives to managers to increase risk, in case the...

Persistent link: https://www.econbiz.de/10012896410

Female Board Leadership, Firm Performance, and Corporate Governance : Evidence from China

Jiang, Fuxiu - 2019

Using a large sample of Chinese firms, we examine performance differences between firms with female and male chairs and the channels through which such differences arise. After controlling for the presence of female CEOs and non-chair female directors, we find that chairwoman firms perform...

Persistent link: https://www.econbiz.de/10012897552

151 Trading Strategies

Kakushadze, Zura - 2019

We provide detailed descriptions, including over 550 mathematical formulas, for over 150 trading strategies across a host of asset classes (and trading styles). This includes stocks, options, fixed income, futures, ETFs, indexes, commodities, foreign exchange, convertibles, structured assets,...

Persistent link: https://www.econbiz.de/10012898167

Institutional Investors and Cost Stickiness : Theory and Evidence

Chung, Chune Young - 2018

. Our findings are robust to different model specifications and are independent of the effect of internal governance …

Persistent link: https://www.econbiz.de/10012935177

Corporate Governance and the Insolvency Risk of Financial Institutions

Ali, Searat - 2018

We investigate whether corporate governance is related to insolvency risk of financial institutions. Using a large … sample of U.S. financial institutions over the 2005–2010 period, we find that corporate governance is positively related with … also find that “better” corporate governance increased insolvency risk relatively more for larger financial institutions …

Persistent link: https://www.econbiz.de/10012935690

Mergers and Acquisitions in the Global Insurance Industry : Valuation Effects

Cummins, J David - 2018

This paper examines whether global insurance mergers and acquisitions (M&As) create value for shareholders by conducting an event study of M&A transactions for the period 1990-2006. Insurance acquirers realized small positive cumulative average abnormal returns (CAARs), whereas targets realized...

Persistent link: https://www.econbiz.de/10012937508

Size, Leverage, and Risk-Taking of Financial Institutions

Bhagat, Sanjai - 2018

financial firms engage in excessive risk-taking mainly through increased leverage. Third, we find that bank corporate governance …

Persistent link: https://www.econbiz.de/10012940151

The Impact of Investor Protection Law on Corporate Policy : Evidence from the Blue Sky Laws

Agrawal, Ashwini K. - 2018

Recent studies have debated the impact of investor protection law on corporate behavior and value. I exploit the staggered passage of state securities fraud statutes (“blue sky laws”) in the United States to estimate the causal effects of investor protection law on firm financing decisions...

Persistent link: https://www.econbiz.de/10012940724

Financial Distress Prediction on Public Listed Banks in Indonesian Stock Exchange

Pasaribu, Rowland Bismark - 2017

A financial distress of company should be able anticipated smartly by its management to rerun the business without having any loss due to business failure. Thus, we need a model which could provide an early signal to company the probability of financial distress so that remedial efforts can be...

Persistent link: https://www.econbiz.de/10012942862

Good Corporate Governance Mechanism, Size, Managerial Ownership Structure, and Leverage at Earning Management in Indonesian Public's Banking

Pasaribu, Rowland Bismark - 2017

Corporate Social Responsibility Disclosure in Manufacture Public Companies at Indonesian Stock Exchange. This research aimed at knowing the influence of audit quality, proportion of independent commissioner, audit committee, firm size, managerial ownership and leverage. It used purposive...

Persistent link: https://www.econbiz.de/10012943080