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Which Institutional Investors Matter for Firm Survival and Performance?

Smith, Janet Kiholm - 2013

We assess the diverse roles of institutional investors in impacting survival and performance of chronically underperforming firms and contrast the results for consistently overperforming firms. We find material differences in institutional investor roles between these two samples....

Persistent link: https://www.econbiz.de/10013089768

Cross-Border Mergers and Acquisitions and Country Risk Ratings : Evidence from U.S. Financials

Kiymaz, Halil - 2013

This study reports how country risk and macroeconomic conditions influence the wealth gains of U.S. financial firms involved in international mergers and takeovers. The findings suggest that U.S. financials experience weakly significant wealth gains around announcement date. The wealth gains are...

Persistent link: https://www.econbiz.de/10013090140

Dodd-Frank, Securitization, and the Subprime Mortgage Crisis

Hoffman, Stephen P. - 2013

There are few things more constant in life than the rise and fall of financial markets. When markets crash, however, we are forced to restore them while learning from our mistakes. In the wake of the recent subprime mortgage crisis, Congress has drastically but deservedly overhauled the...

Persistent link: https://www.econbiz.de/10013090228

Director Shareownership and Corporate Performance in South Africa

Ntim, Collins G. - 2013

This paper investigates the relationship between director shareownership and corporate performance in South Africa using a sample of 169 listed firms from 2002 to 2007. Our results suggest a statistically significant and positive association between director shareownership and corporate...

Persistent link: https://www.econbiz.de/10013090497

Does Institutional Ownership Promote the Transformation of Underperforming Firms?

Erenburg, Grigori - 2013

We focus on firms that chronically underperform and evaluate ways that institutional investors can facilitate the redeployment of assets to higher valued uses. Our evidence indicates that institutional holdings affect firm survival. Increases in institutional holdings are associated with...

Persistent link: https://www.econbiz.de/10013091476

Bankers’ Pay after the 2008 Crisis : Regulatory Reforms in the US and the EU

Ferrarini, Guido - 2013

We examine the political dynamics which led to the codification of the Principles and Standards for sound compensation practices at financial institutions at international (G 20) level and to their subsequent implementation on both sides of the Atlantic. We show that the regulation of bankers'...

Persistent link: https://www.econbiz.de/10013091649

Directors' Remuneration Before and after the Crisis : Measuring the Impact of Reforms in Europe

Barontini, Roberto - 2014

Persistent link: https://www.econbiz.de/10013064153

Social and Environmental Accounting as Symbolic and Substantive Means of Legitimation : The Case of HIV/AIDS Reporting in South Africa

Soobaroyen, Teerooven - 2014

We develop an interpretive framework which combines Suchman's (1995) work on the dynamics of organisational legitimacy and Ashforth and Gibbs' (1990) concepts of symbolic and substantive management to investigate how and why public corporations rely on symbolic and substantive social...

Persistent link: https://www.econbiz.de/10013065726

Investment Duration and Corporate Governance

Lee, Youngjoo - 2014

This paper analyzes the relation between institutional investment duration and corporate governance using a new metric …'s governance structure. Consistent with this conjecture, a broadly defined index of corporate governance increases with the … duration of institutional ownership. We also show that the relation between investment duration and corporate governance varies …

Persistent link: https://www.econbiz.de/10013066385

Public vs Private Ownership, Board Structure and Fund Manager Turnover

Adams, John C. - 2014

We examine the relation between organizational structure (public vs private) and managerial turnover in a large sample of U.S. offered mutual funds. Consistent with the hypothesis that publicly traded firms focus more on shorter term performance, we find that public sponsors are more sensitive...

Persistent link: https://www.econbiz.de/10013070669