Similar Search Results

Elhauge, Einer - 2016

Horizontal shareholdings exist when a common set of investors own significant shares in corporations that are horizontal competitors in a product market. Economic models show that substantial horizontal shareholdings are likely to anticompetitively raise prices when the owned businesses compete...

Persistent link: https://www.econbiz.de/10013004193

Mutual Fund Performance, Management Teams, and Boards

Adams, John C. - 2016

The recent surge in the use of team-managed funds in the mutual fund industry suggests that the benefits of team management might outweigh its costs. However, extant empirical evidence is not consistent with the view that team managed funds generate superior returns relative to individual...

Persistent link: https://www.econbiz.de/10013007572

Subprime Governance : Agency Costs in Vertically Integrated Banks and the 2008 Mortgage Crisis

Gartenberg, Claudine Madras - 2015

performance crucially depends on corporate governance. Prior research has argued that the vertical integration of mortgage … improved loan performance only in those firms with strong corporate governance and that this performance …-integration relationship strongly decreases and actually reverses as governance quality decreases. We interpret these findings as suggesting …

Persistent link: https://www.econbiz.de/10013010655

The Role of Risk Management in Corporate Governance

Ellul, Andrew - 2015

Failures of banks' governance and risk management functions have been identified as key causes of the 2007 …-2008 financial crisis. This article reviews the empirical literature that investigates the relationship between governance structures … that conventional governance structures alone may be unable to restrain risk-taking in banks and thus the presence of a …

Persistent link: https://www.econbiz.de/10013012356

Cross-border Buyout Performance

Tian, Siyang - 2020

This paper examines the importance of institutional quality in cross-border buyout performance. Using 2,639 cross-border buyout investments during 1998-2007 in 38 countries, we find that the higher the institutional quality of the country where the portfolio company is located, the higher the...

Persistent link: https://www.econbiz.de/10012849752

Fiduciary Principles in Banking Law

Tuch, Andrew F. - 2020

When are banks fiduciaries of their customers and clients? This question is of more than theoretical interest given the organizational structure of modern financial institutions and the broad-ranging functions they perform. In this chapter of the Oxford Handbook of Fiduciary Law, I canvass...

Persistent link: https://www.econbiz.de/10012851902

The Strategies of Anticompetitive Common Ownership

Hemphill, C. Scott - 2020

corporate governance scholarship.In this Article, we examine the causal mechanisms that might link common ownership to …

Persistent link: https://www.econbiz.de/10012851909

Debtholder Wealth Effects in Mergers and Acquisitions : Evidence from the CDS Market

Huettermann, Kai - 2020

This paper examines changes in Credit Default Swap (CDS) spreads as a proxy for default risk after M&A announcement for the companies involved. Existing literature extensively documents wealth effects triggered by M&A announcements from the shareholders' perspective, but there is limited...

Persistent link: https://www.econbiz.de/10012852376

Buy Low, Sell High? Do Private Equity Fund Managers Have Market Timing Abilities?

Jenkinson, Tim - 2020

When investors commit capital to a private equity fund, the money is not immediately invested but is called by the fund manager throughout an investment period of up to five years. This business model allows private equity fund managers to invest the committed capital at their own discretion,...

Persistent link: https://www.econbiz.de/10012852570

Institutional Ownership and Firms’ Thrust to Compete

Andreou, Panayiotis C. - 2020

This paper provides evidence on the impact of different types of institutional investors on a firm's thrust to compete. A firm's thrust to compete, as an attribute of corporate culture, captures the relative importance of corporate values that push a firm to achieve shareholder value in the...

Persistent link: https://www.econbiz.de/10012852909