Using data on over 4,000 individual residential addresses, we find that geographic distance between directors and corporate headquarters is related to information acquisition and board decisions. The fraction of a board's unaffiliated directors who live near headquarters is higher when...

We study the impact of accelerated vesting of equity awards on takeovers, whereby the restricted stock and/or stock options of the target CEO immediately vest and become unrestricted upon the close of the acquisition. We find that takeover premiums are significantly larger when the target CEO...

This paper examines dividend policy of Thai listed companies over the period 2002-2008. The results show that larger and more profitable firms with higher free cash flows and retained earnings to equity tend to pay higher dividends. In addition, the evidence indicates that firms with higher...

This paper explores the contribution of various financial measures in explaining the variability in a firm's dividend payments. Ordinary least squares analysis of data from 2003 to 2007 shows that approximately 71% of the variability in dividend payments is explained by the firm's expected...

Mutual fund holdings data reveal a significant impact of mutual funds on the capital expenditures ("CapEx'') of their portfolio companies. Following the shock to mutual fund ownership caused by the 2003 scandal, during which 25 fund families experienced significant outflows of capital, firms...

India's tryst with corporate governance is not new, yet not ideal. When in 1996 the Confederation of Indian Industry (‘CII') undertook the first institutional initiative on corporate governance in India (leading to the 1998 report on ‘Desired Corporate Governance: A Code'), the ideals of...

Corporate Governance models vary from country to country however the main principles of every Corporate Governance model derives from fundamental mechanisms of governance as insider (stakeholder model) and outsider (shareholder model) systems. Insider model of corporate governance is mostly...

El presente trabajo pretende contribuir al análisis y medición de la prima de riesgo país que se aplica en las finanzas corporativas para la valuación de empresas en mercados emergentes, especialmente aplicable a las particularidades que se presentan en las valoraciones de empresas de...

This study examines the impact of shareholder rights on the wealth effects of privately negotiated stock repurchases. Our results show that wealth gains are lower when shareholder rights are more suppressed. We also find that the premium paid for shares is inversely related to the strength of...

'Incredible India' has been established as a brand by government initiative, which can be used as a marketing tool to promote the Indian authenticity of their products. At the same time, India tops A T Kearney's list of emerging markets for global retailers for the last two years.'Who drives...