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The Political Economy of Corporate Control

Perotti, Enrico; Thadden, Ernst-Ludwig von - Tinbergen Instituut - 2005

In a democracy, a political majority can influence both the corporategovernance structure and the return to human and financial capital.We argue that when financial wealth is sufficiently diffused, thereis political support for a strong governance role for dispersed equitymarket investors, and...

Persistent link: https://www.econbiz.de/10011256718

Did the Sarbanes-Oxley Act of 2002 make Firms less Opaque? Evidence from Analyst Earnings Forecasts

Arping, Stefan; Sautner, Zacharias - Tinbergen Instituut - 2010

We study whether the Sarbanes-Oxley Act (SOX) of 2002 made firms less opaque. For identification, we use a difference-in-differences estimation approach and compare EU firms that are cross-listed in the US—and therefore subject to SOX—with comparable EU firms that are not cross-listed. We...

Persistent link: https://www.econbiz.de/10011256989

Blockholder Dispersion and Firm Value

Konijn, Sander J.J.; Kraeussl, Roman; Lucas, Andre - Tinbergen Instituut - 2009

This discussion paper resulted in a publication in the Journal of Corporate Finance (2011). Vol. 17, issue 5. This paper analyzes the impact of blockownership dispersion on firm value. Blockholdings by multiple blockholders is a widespread phenomenon in the U.S. market. It is not clear, however,...

Persistent link: https://www.econbiz.de/10011257055

Does Corporate Governance Effects Firm Performance in Case of Pakistani Market

Javid, Attiya Yasmin; Iqbal, Robina - Volkswirtschaftliche Fakultät, … - 2008

and transparency for a sample of 50 firms listed on the Karachi Stock Exchange. The firm value is measured by Tobin’s Q … performance, where as disclosure and transparency index has no significant effect on firm performance. However we point out those … practices can not be covered with transparent disclosures and transparency standards. …

Persistent link: https://www.econbiz.de/10011257835

Corporate governance of financial intermediaries: convergence and divergence

Nedelchev, Miroslav - Volkswirtschaftliche Fakultät, … - 2012

external corporate governance is defined by the globalization. The auditors have convergence their practices for transparency …

Persistent link: https://www.econbiz.de/10011258010

Law, Finance and Development: Further Analyses of Longitudinal Data

Sarkar, Prabirjit; Singh, Ajit - Volkswirtschaftliche Fakultät, … - 2009

This paper analyses a longitudinal dataset on legal protection of shareholders over a 36 year period, 1970-2005 for four advanced countries, UK, France, Germany and the US. It examines two aspects of the legal origin hypothesis - whether shareholder protection is higher in the common law...

Persistent link: https://www.econbiz.de/10011258064

КОРПОРАТИВНО УПРАВЛЕНИЕ НА ФИНАНСОВИ ПОСРЕДНИЦИ: КОНВЕРГЕНЦИЯ И ДИВЕРГЕНЦИЯ

Nedelchev, Miroslav - Volkswirtschaftliche Fakultät, … - 2012

external corporate governance is define by the globalization. The auditors convergence their practices for transparency to …

Persistent link: https://www.econbiz.de/10011258184

Market Concentration, Corporate Governance and Innovation: Partial and Combined Effects in US-Listed Firms

Hashem, Nawar; Ugur, Mehmet - Volkswirtschaftliche Fakultät, … - 2012

Existing research on the relationship between market concentration and innovation has produced conflicting findings. In addition, the emerging literature on the relationship between corporate governance and innovation tends to focus only on partial effects of corporate governance on innovation....

Persistent link: https://www.econbiz.de/10011258419

Corporate governance, affirmative action and firm value: evidence from post-apartheid South African firms

Ntim, collins g; Opong, kwaku k; Danbolt, jo - Volkswirtschaftliche Fakultät, … - 2010

Research Question/Issue: The post-Apartheid South African (SA) corporate governance (CG) model is a unique hybridisation of the traditional Anglo-American and Continental European-Asian CG models, distinctively requiring firms to explicitly comply with a number of affirmative action and...

Persistent link: https://www.econbiz.de/10011258442

Large shareholders and firm risk-taking behavior

Boubaker, Sabri; Nguyen, Pascal; Rouatbi, Wael - Volkswirtschaftliche Fakultät, … - 2012

We investigate whether multiple large shareholders (MLS) affect corporate risk-taking. Using hand-collected data on French publicly-listed companies over the period 2003-2007, we show that the presence, number and voting power of MLS, other than the largest controlling shareholder (LCS), are...

Persistent link: https://www.econbiz.de/10011258526