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Finance, control, and profitability : the influence of German banks

Chirinko, Robert S.; Elston, Julie Ann Michelle - 2003

. Germany is the prototypical economy where universal banks allegedly exert substantial influence over firms. Despite frequent …

Persistent link: https://www.econbiz.de/10011511071

Entrepreneurial human capital, complementary assets, and takeover probability

Braun, Thorsten V.; Krispin, Sebastian; Lehmann, Erik - 2010

Although acquisitions of high tech entrepreneurial firms are of great popularity, the limited empirical evidence shows that these acquisitions often lead to dismal results in that a large number of acquired inventors leave the company after the acquisition and those that remain exhibit poor...

Persistent link: https://www.econbiz.de/10009514533

Dividend announcements reconsidered dividend changes versus dividend surprises

Andres, Christian; Betzer, André; Bongard, Inga van den; … - 2011

surprise. Using data from Germany, we find significant share price reactions after dividend announcements. Once we control for …

Persistent link: https://www.econbiz.de/10009405133

Determinants of Director Compensation in Two-Tier Systems : Evidence from German Panel Data

Andreas, Jörn Michael - 2010

Building on a unique panel data set of German Prime Standard companies for the period 2005-2008, this paper investigates the influencing factors of both director compensation levels and structure, i.e. the probability of performance-based compensation. Drawing on agency theory arguments and...

Persistent link: https://www.econbiz.de/10013150654

Relationship Banking and Conflicts of Interest : Evidence from German Initial Public Offerings

Klein, Peter G. - 2017

This paper investigates conflicts of interest associated with relationship banking. Using a sample of 270 German initial public offerings (IPOs), we ask if universal-bank-underwritten IPOs perform differently from IPOs underwritten by specialized investment banks. We find that universal-bank...

Persistent link: https://www.econbiz.de/10012958828

Shareholder Activism in Germany : Theoretical Considerations and Empirical Evidence

Schaefer, Henry - 2019

Germany is the largest economy in Europe and yet there has been very little research in the area of shareholder … recent empirical evidence that formal activism in Germany remains a relatively ineffective instrument for shareholder … information from various sources and represents as of today one of the most extensive research analysis for activism in Germany …

Persistent link: https://www.econbiz.de/10012905868

Evaluation of Exogenous Variables as P/E Determinants : Theoretical Aspects and Empirical Evidences of Balkan Capital Markets (2012–2015)

Zahariev, Andrey - 2017

The paper aims to evaluate the effect of exogenous variables on P/E determinants. The theoretical methodology of the research is to establish why and how many applications of P/E ratio have increased the importance of studying its determinants. That problem needs the paper to be focused on...

Persistent link: https://www.econbiz.de/10012968828

IPOs, the Level of Private Equity Engagement and Stock Performance Matters : Empirical Evidence from Germany

Oehler, Andreas - 2017

Research on IPOs commonly focuses on the relation between firms' pre IPO ownership structure and subsequent stock performance. We extend the literature by additionally focusing on companies' post IPO ownership structure, in particular private equity capital engagement, to analyze IPOs stock...

Persistent link: https://www.econbiz.de/10012968834

CEO Compensation and Credit Default Swaps : Evidence from the U.S. And Germany

Chiu, Hsin-Hui - 2017

the U.S. and Germany. In the U.S., we find a positive relation between equity-based compensation and credit default swap …

Persistent link: https://www.econbiz.de/10012974940

Inefficient or Just Different? Effects of Heterogeneity on Bank Efficiency Scores

Bos, Jaap W.B. - 2016

Persistent link: https://www.econbiz.de/10012989312