This paper examines how the institutional features of emerging economies (i.e., government ownership, political connections, and market reform) influence CEO pay-dispersion incentives. Consistent with our expectation, we find that CEO pay dispersion generally provides a tournament incentive in...

The purpose of this paper is to analyze the relationships between debts, dividends and ownership concentration. Are these mechanisms substitutable or complementary?We propose a three simultaneous equations system for two samples of Tunisian firms (31 quoted companies 73 non-quoted private firms)...

This paper examines the effects of controlling shareholders on corporate fraud. Using a sample of Chinese listed firms for 2004-2019, we find that the absence of an ultimate controlling shareholder increases the risk of corporate fraud. We use an instrumental variable approach to alleviate the...

This paper examines the impacts of dividend policy and ownership structure on stock price volatility in the Vietnamese market. The study also tests for the moderating effect of foreign/state ownership on the dividend policy–price volatility relation. The authors use a comprehensive panel...

Despite developments of recent theoretical and numerous empirical studies on the policies effectively adopted by companies, the dividend distribution policy (DDP) remains largely unexplained. In this regard, the main purpose of the current study is to empirically examine the effects of both CEO...

This study examines the effect of corporate ownership on information asymmetry as measured by bid-ask spread in the emerging markets of China. Government ownership has significant and positive impacts on bid-ask spread during the period 1995–2000, but disappears afterward during 2001–2003....

This empirical study extends the existing, yet limited, literature on the influence of ownership concentration and family control on auditor choice. Following prior studies, a firm is considered using a higher-quality audit when its external auditor is one of Big 4 audit firms. The sample...

This paper reports on an empirical analysis of 42,094 public/private companies in China and 21 Eastern European countries to grasp the actual state and determinants of board gender diversity in emerging market firms. We confirmed that firms in these countries are comparable to those in advanced...

This paper investigates the link between corporate governance and cash holdings. We use a data set of firms listed on Pakistan Stock Exchange (PSX) and econometric techniques for panel data We show that institutional, family, and managerial ownership have negative impact on corporate cash...