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Institutional ownership and firm performance : evidence from an emerging economy
Abedin, Syeda Humayra; Haque, Humaira; Shahjahan, Tanjina; … - In: Journal of risk and financial management : JRFM 15 (2022) 12, pp. 1-17
Using the Ordinary Least Square (OLS) estimation technique based on a sample of 180 listed firms from 2008 to 2018, this study investigates the impact of institutional ownership on firm performance in the Bangladeshi setting. Consistent with the "active monitoring" view, the results indicate...
Persistent link: https://www.econbiz.de/10014284398
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Insider ownership and default risk : what does the data reveal about Japanese firms?
Haque, Humaira; Kabir, Md. Nurul; Abedin, Syeda Humayra; … - In: China Accounting and Finance Review 26 (2024) 3, pp. 354-384
regulatory changes. This has important repercussions on corporate performance and risk. This paper examines the impact of insider … ownership on the default risk of Japanese firms. Design/methodology/approach We collected data from the Nikkei Corporate … default risk. Furthermore, ROA volatility and stock price volatility appear to be the major channels through which insider …
Persistent link: https://www.econbiz.de/10014636984
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Efficient Markets and the Law: A Predictable Past and an Uncertain Future
Hu, Henry T.C. - In: Annual Review of Financial Economics 4 (2012) 1, pp. 179-214
This article analyzes the manifold situations in which the efficient-market hypothesis (EMH) has influenced—or has failed to influence—federal securities regulation and state corporate law, and the prospective roles for the EMH in these contexts. In federal securities regulation, the EMH has...
Persistent link: https://www.econbiz.de/10010603964
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Corporate Governance and State Expropriation Risk
Col, Burcin - 2019
consequences. It is equally important to consider the valuation effect of state expropriation risk as well as its interaction with … operate under some degree of state expropriation risk, receive a significantly lower premium. The target shareholders are not …
Persistent link: https://www.econbiz.de/10012905936
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Corporate Governance as Risk Regulation in China : A Comparative View of Risk Oversight, Risk Management, and Accountability
Harper Ho, Virginia E. - 2020
Risk management and oversight have long been recognized as core corporate governance issues and have gained renewed … on risk oversight and risk management. This article is the first to examine the intersections between corporate … governance and risk regulation in China from a comparative perspective. It surveys corporate governance tools that have been …
Persistent link: https://www.econbiz.de/10014166244
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Corporate Governance and Bankruptcy Risk
Darrat, Ali F. - 2014
knowledge, affect the relationship between corporate governance and the risk of bankruptcy. We find that having larger boards … reduces the risk of bankruptcy only for complex firms. Our results also suggest that the proportion of inside directors on the … board is inversely associated with the risk of bankruptcy in firms that require more specialist knowledge, and that the …
Persistent link: https://www.econbiz.de/10013069021
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Government Economic Policy Uncertainty, Corporate Cash Holdings, and the Value of Cash
Phan, Hieu V. - 2019
This research examines the relationships between government economic policy uncertainty and corporate cash holdings and the value of cash. We find robust evidence that policy uncertainty is positively related to corporate cash holdings due to firms' precautionary motives and investment delays....
Persistent link: https://www.econbiz.de/10012900719
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The Coming Shift in Shareholder Activism : From "Firm-Specific" to "Systematic Risk" Proxy Campaigns (and How to Enable Them)
Coffee, John C. - 2021
focuses on changes at a specific target company, and (2) systematic risk activism, which seeks to reduce the systematic risk … in a portfolio and thereby benefit diversified investors. Typically, such a systematic risk campaign may force a … carbon emissions or undertaking climate risk reforms). But, systematic risk activism faces an inherent difficulty: the party …
Persistent link: https://www.econbiz.de/10013214943
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Mandatory CEO Non-Duality, Agency Risk, and Shareholder Value
Guimarães, Rinaldo; Trevisan, Giuseppe - 2022
disclosure of the regulation indicates that the most suggestive mechanism is shareholders’ sentiment of managerial agency risk …
Persistent link: https://www.econbiz.de/10013405872
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The Influence of Risk Governance on Risk Outcomes - International Evidence
Lingel, Anna - 2013
In this paper we investigate risk governance in 60 major international financial institutions and its influence on risk … (calculated from equity returns). Risk governance has increased significantly during our sample period. We find the following … variables to be important in determining risk outcomes in subsequent periods: inclusion of the CRO in the senior executive team …
Persistent link: https://www.econbiz.de/10013089467