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, profitability, corporate risk-taking behavior, and investment in Vietnam by using Generalized Method of Moments (GMM) methods. Using …Corporate risk-taking behavior and investment is a crucial factor in order to seek higher profits and a better trading … resources. Furthermore, it is essential to connect the short-term and long-term business and investment objectives plus …
Persistent link: https://www.econbiz.de/10013199675
, this study explores the link between CEOP and firm risk-taking (FRT) in selected firms on the stock market in Vietnam from … indicators. The SYS-GMM approach mitigates potential endogeneity issues, revealing a positive correlation between CEOP and FRT … the context of Vietnam. Powerful CEOs tend to gravitate towards risks, but effective governance mechanisms and board …
Persistent link: https://www.econbiz.de/10014526511
In this paper, we examine the relation between government ownership and stock price informativeness around the world. Using a sample of privatized firms from 41 countries between 1983 and 2007, we find strong and robust evidence that state ownership is associated with lower firm-level stock...
Persistent link: https://www.econbiz.de/10013061324
PurposeProper empirical tests of the effect of blockholders’ monitoring incentives on corporate governance are scant in the literature because the relationship between ownership structure and enforcement of corporate governance mechanisms is bidirectional. This study aims to address the...
Persistent link: https://www.econbiz.de/10014353507
The rise in state-owned enterprises (SOEs) as growing actors in international trade and investment has received renewed … investment environment open, this paper draws attention to particular perceptions of concerns or challenges that arise when SOEs … future government policies towards foreign trade and investment by SOEs. The information in the report is primarily drawn …
Persistent link: https://www.econbiz.de/10011582215
European regulators are concerned that US-based proxy advisors might export US corporate governance by not considering sufficiently the unique aspects of the local setting. In contrast, local proxy advisors are expected to have a deeper understanding of the local setting. Using the German...
Persistent link: https://www.econbiz.de/10012911974
&D investment decisions. Furthermore, a supplementary test confirms that government ownership has also a positive impact on board … the role of state ownership in R&D investment in China, especially after the most recent wave of privatization, namely …
Persistent link: https://www.econbiz.de/10014432213
A belief that markets are efficient is blamed for instigating the crisis we are in and lulling us into complacency as the crisis was approaching. But the debate about the role of such belief in the crisis is unfocused for two reasons. First, a lack of a common definition of market efficiency...
Persistent link: https://www.econbiz.de/10013148485
We investigate how the state's intervention in the investment decisions of Chinese local SOEs is affected by corporate … largely exogenous. We find that local SOEs' investment efficiency is positively associated with the extensiveness of pyramids … but negatively related to the geographical distance. The positive impact of pyramid-building on investment efficiency …
Persistent link: https://www.econbiz.de/10012927679