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Incentivierung des Managements bei Unternehmenskäufen/Buy-Outs mit Private Equity Investoren - eine empirische Untersuchung

Schalast, Christoph; Buxkaemper, Marius; Büchler, Christian - Frankfurt School of Finance and Management - 2011

Since years, incentives for the management have become a standard upon acquisitions of companies by Private Equity Investors - so-called Buy-Outs. However, until this date there are no empirical studies available on the arrangements of management participations and potential conflicts of...

Persistent link: https://www.econbiz.de/10009018224

GOVERNANCE CODES: FACTS OR FICTIONS? A STUDY OF GOVERNANCE CODES IN COLOMBIA

JULIÁN BENAVIDES FRANCO*; MONTALVÁN, SAMUEL MONGRUT - In: ESTUDIOS GERENCIALES (2010)

This article studies the effects on accounting performance and financing decisions of Colombian firms after issuing a corporate governance code. We assemble a database of Colombian issuers and test the hypotheses of improved performance and higher leverage after issuing a code. The results show...

Persistent link: https://www.econbiz.de/10009020057

The proposals of ABI and Confindustria to modify the legislative decree n. 231/2001

Mancini, Chiara; Panucci, Marcella - In: BANCARIA 02 (2011) February

The legislative decree n. 231/2001 had a significant influence on corporate behaviour with regard to the prevention of economic crimes, to the self-analysis of risks and to the review of organizational processes. However, the ambiguity of some rules and the heterogeneity of case law have been a...

Persistent link: https://www.econbiz.de/10009132681

Building Legal Indexes to explain Recovery Rates: An Analysis of the French and UK Bankruptcy Codes

Blazy, Régis; Nigam, Nirjhar - Laboratoire de Recherche en Gestion (LaRGE), Institut … - 2011

) accessibility, (2) exclusivity, (3) bankruptcy costs, (4) production of information, (5) protection of the debtor’s assets, (6 …) protection of claims, (7) coordination of creditors, (8) decision power, (9) sanction of faulty management, and (10) inclination … that are associated to higher total recovery rates: namely, accessibility of the procedure, protection of the debtor …

Persistent link: https://www.econbiz.de/10008800454

Assessing China's Top-Down Securities Markets

Allen, William T.; Shen, Han - National Bureau of Economic Research (NBER) - 2011

China's securities markets are unlike those of Amsterdam, London or New York. Those markets evolved over centuries from myriad interactions among those seeking finance on the one hand and savers seeking rewarding investments on the other. Such spontaneous securities markets did emerge throughout...

Persistent link: https://www.econbiz.de/10008805027

Shell Oil Company in Nigeria: Impediment or Catalyst of Socio-Economic Development?

Kingston, Kato Gogo - Volkswirtschaftliche Fakultät, … - 2010

The aim of this paper is to investigate whether the She oil company, through investment and crude oil exploration, benefits socio-economic growth in Nigeria in general and in the Niger Delta of Nigeria in particular. In 1998, the United Nations Special Rapporteur's report on Nigeria accused...

Persistent link: https://www.econbiz.de/10008835337

Ventas en Corto: discusión regulatoria y propuesta para Colombia

Prieto, Ana Maria - In: ANÁLISIS - REVISTA DEL MERCADO DE VALORES (2010)

Las ventas en corto son una herramienta de desarrollodel mercado de valores y una parte esencial delas estrategias de trading alrededor del mundo. Lacrisis financiera subprime demostró que, más quesu prohibición, se debe buscar una reglamentaciónadecuada y una supervisión sólida de ellas....

Persistent link: https://www.econbiz.de/10008836568

2007: A Canadian Corporate Ownership Survey

Valsan, Calin - In: European Journal of Comparative Economics 7 (2010) 2, pp. 285-306

This study documents a decline in the levels of corporate ownership concentration between 1996 and 2007. When compared to previous studies, the incidence of ownership stakes of 20% or larger has decreased form 60% to 41% of the total population of publicly listed Canadian firms. Regional...

Persistent link: https://www.econbiz.de/10008837915

Become Independent! The Paradoxical Constraints of France’s Auto-Entrepreneur Regime

Levratto, Nadine; Serverin, Evelyne - EconomiX, Université Paris Ouest-Nanterre la Défense … - 2011

The Law on Economic Modernization of 4 August 2008 introduced a new form of individual entrepreneur, the auto-entrepreneur, the goal being to enhance the competitiveness of the French economy by promoting the entrepreneurial spirit. This paper proposes to discuss the auto-entrepreneur model with...

Persistent link: https://www.econbiz.de/10008838929

The Costs of Bankruptcy

Bris, Arturo; Welch, Ivo; Zhu, Ning - School of Management, Yale University - 2005

Our paper explores a comprehensive sample of small and large corporate bankruptcies in Arizona and New York from 1995-2001. We find that bankruptcy costs are very heterogeneous and sensitive to measurement method. Still, Chapter 7 liquidations appear no faster or cheaper (in terms of direct...

Persistent link: https://www.econbiz.de/10008854021