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Do Bond Issuers Shop for Favorable Credit Ratings?

Kronlund, Mathias - 2019

This paper provides evidence of ratings shopping in the corporate bond market. By estimating systematic differences in agencies' biases about any given firm's bonds, I show that new bonds are more likely to be rated by agencies that are positively biased towards the firm---a pattern that is...

Persistent link: https://www.econbiz.de/10012905996

Do Lenders Still Monitor? Leveraged Lending and the Search for Covenants

Tung, Frederick - 2021

It was once conventional wisdom that lenders routinely influenced corporate managers’ decision making. Covenants constrained borrower risk taking and compelled specific affirmative obligations to protect lenders. Recent policy discussion, however, laments loan markets’ turn to various forms...

Persistent link: https://www.econbiz.de/10013217331

Do Lenders Still Monitor? Leveraged Lending and the Search for Covenants

Tung, Frederick - 2021

Persistent link: https://www.econbiz.de/10013313078

Credit booms and bank risk in Southeast Asian countries : does credit information sharing matter?

Tran Hung Son; Nguyen, Dat T.; Nguyen Khuong Vinh; … - In: Asia-Pacific journal of business administration 16 (2024) 2, pp. 352-366

Persistent link: https://www.econbiz.de/10014514435

Corporate governance and stock price synchronicity: Empirical evidence from Vietnam

In: International Journal of Financial Studies 8 (2020) 2, pp. 1-13

This research is conducted to investigate the impact of corporate governance on stock price synchronicity in the context of the Vietnamese market. The paper tests four hypotheses proposing the effect of four crucial components of corporate governance including board size, board independence,...

Persistent link: https://www.econbiz.de/10013200269

How pervasive is corporate fraud?

Dyck, Alexander; Morse, Adair; Zingales, Luigi - 2023

We provide a lower-bound estimate of the undetected share of corporate fraud. To identify the hidden part of the "iceberg," we exploit Arthur Andersen's demise, which triggered added scrutiny on Arthur Andersen's former clients and thereby increased the detection likelihood of preexisting...

Persistent link: https://www.econbiz.de/10013531824

Board Characteristics Best Practices and Financial Performance. Evidence from the European Capital Market

Müller, Victor-Octavian; Ienciu, Ionel-Alin; Bonaci, … - In: Amfiteatru Economic Journal 16 (2014) 36, pp. 672-683

This study investigates board characteristics best practices in the particular context of European listed companies. The theoretical grounding of the paper is done by discussing board composition and board compensation related studies, mainly belonging to the corporate governance literature. The...

Persistent link: https://www.econbiz.de/10011724876

Block ownership and companies' R&D intensity : the moderating effect of culture

AlHares, Aws; Ntim, Collins G.; King, David - 2018

This study seeks to examine the impact of Block Ownership structure on risk-taking as measured by R&D Intensity in OECD countries. The study uses a panel data of 200 companies from Anglo American and European countries between 2010 and 2014. The ordinary least squares regression is used to...

Persistent link: https://www.econbiz.de/10011786504

Board Characteristics Best Practices and Financial Performance. Evidence from the European Capital Market

Müller, Victor-Octavian; Ienciu, Ionel-Alin; Bonaci, … - In: The AMFITEATRU ECONOMIC journal 16 (2014) 36, pp. 672-672

Persistent link: https://www.econbiz.de/10010890074

Internal Audit Function, Organizational Culture and Their Influence on Corporate Governance

Cerasela, Spãtariu Elena; Carata? Maria Alina - In: Ovidius University Annals, Economic Sciences Series XIV (2014) 1, pp. 738-742

Through this paper the authors are trying to highlight the strategic role that internal audit function holds in … increasing the efficiency of corporate governance. The research starts with a comprehensive approach to internal audit and … internal control, our intention being to identify synergies between the internal audit function and its impact on the quality …

Persistent link: https://www.econbiz.de/10010940623