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proven an appropriate business, growth and financial strategy with which banks in Nigeria can cope in their dynamic operating … business environment improving firm returns, maximizing shareholders’ wealth. Research findings using the paired t-test of data … in 2005 made shareholders better-off. This implies the post merger and acquisition desire of bank managements to reward …
Persistent link: https://www.econbiz.de/10009743348
Does a decline in shareholder litigation enhance managers’ monitoring efforts by ensuring adequate firm risk management? We explore how state Universal Demand laws (which limit shareholder litigation as a mechanism to discipline managers, UD law hereafter), affects bank holding companies’...
Persistent link: https://www.econbiz.de/10013213688
.This essay argues that the effort to employ shareholders as agents of public values and, thereby, to inculcate corporate … mistakenly assumes that shareholders' interests are aligned with those of non-shareholder stakeholders. Because this alignment is … decisions, JP Morgan shareholders benefited from this risk-taking. Accordingly, shareholders were poorly positioned to address …
Persistent link: https://www.econbiz.de/10013003172
mandatory for shareholders to submit justifications in shareholder proposals on value creation or capital formation of … rights that favor long-term shareholders; and (4) making it mandatory for both shareholders and management to reveal to the …
Persistent link: https://www.econbiz.de/10012913452
The SEC’s proposed climate disclosure rule has generated substantial controversy. Among the concerns raised by commentators is that the rule is unnecessary because investors can obtain sufficient climate-related disclosure through private ordering. We examine one mechanism for private ordering...
Persistent link: https://www.econbiz.de/10014349749
This paper examines digital finance usage in the UK, US, India and Nigeria. Using data from the global financial … development indicators, the findings reveal that the UK and US have higher digital finance usage than India and Nigeria. The US … has higher credit card usage compared to the UK while the UK has higher debit card usage compared to the US. Also, Nigeria …
Persistent link: https://www.econbiz.de/10012509977
In moral hazard models, bank shareholders have incentives to transfer wealth from the deposit insurer - that is … despite the difficult financial environment, shareholders' risk-taking incentive was confined primarily to a small fraction of …
Persistent link: https://www.econbiz.de/10001630859
claims still have economic value. Such actions raise a number of legal issues with respect to the rights of shareholders …. This paper aims to consider how to strike a balance between the need to protect the legitimate rights of shareholders and … and preserves market discipline. The paper examines the nature of the shareholders' rights and the legal protection …
Persistent link: https://www.econbiz.de/10013130445
This article investigates how recent failures of seven publicly-traded commercial banks and the banking crises of 2008 affect the wealth, the systematic and nonsystematic risk, and total risk of commercial banks. We find that the total risk of medium-sized banks is slightly more affected by the...
Persistent link: https://www.econbiz.de/10013100968
for banks, which ensure that the costs of failure are primarily born by shareholders, instead of taxpayers and the wider … order to “replace” existing shareholders. This paper focuses on bank recovery and resolution in the European Union and in … examines appropriate safeguards for shareholders and the extent to which such safeguards exist in bank recovery and resolution …
Persistent link: https://www.econbiz.de/10013090244