Showing 161 - 170 of 172,141
This paper exploits the recent rise in corporate venture capitalists (CVC) to examine the effect of shareholders’ strategic incentives on firms’ IPO disclosure. CVCs’ investments are often driven by both financial and strategic incentives. I argue that, due to their strategic incentives,...
Persistent link: https://www.econbiz.de/10014353215
Risk disclosure is one of the practices of corporate governance. Disclosure of risk is an important aspect of a company’s financial reporting since it provides information on how various risks can occur, the company’s response to these risks, and the impact these risks have on the...
Persistent link: https://www.econbiz.de/10014460809
This study analyses the efficiency of banks under board gender diversity and examines the determinants of bank … efficiency. Using a two-step framework, the first stage result shows that banks experience about 7.9 per cent improvement in … their efficiency with board gender diversity on average. The second stage regression results reveal that gender diversity …
Persistent link: https://www.econbiz.de/10012895408
Sections 302 and 404 of the landmark Sarbanes-Oxley Act require firms to periodically assess and report control deficiencies to the audit committee as well as to the SEC. Section 302 specifically directs company management to identify and report control deficiencies while Section 404 provides...
Persistent link: https://www.econbiz.de/10014066430
I study the relation between corporate diversification and labor productivity in a sample of over 600,000 firms from 89 countries. Across the entire sample, greater diversification is associated with significantly lower labor productivity. Contrary to theories emphasizing the inefficient use of...
Persistent link: https://www.econbiz.de/10013134361
The stochastic frontier analysis is employed to investigate efficiency of publicly listed Australian banks over the … period 1985-2008. The results suggest that technical, cost and profit efficiency of Australian banks have improved over our … sample span. Large banks have attained a higher level of cost efficiency but lower level of technical efficiency compared to …
Persistent link: https://www.econbiz.de/10013151122
This study attempts to analyse the profit efficiency of Indian banks during 2008-2012 to offer an understanding of …. Sophisticated performance measurement techniques would be required to provide useful insights about the effectiveness, efficiency …-parametric, mathematical programming technique, to estimate profit efficiency (PE) of 66 Indian banks (26 public, 19 private and 21 foreign …
Persistent link: https://www.econbiz.de/10012953954
We show that financial constraints may benefit innovation by improving the efficiency of innovative activities. We … measure firm-level innovative efficiency by patents (or patent citations) scaled by R&D (research and development) investment … or the number of employees, and find that financial constraints are positively associated with innovative efficiency …
Persistent link: https://www.econbiz.de/10012940454
The study applies two-stage data envelopment analysis (DEA) and bootstrap to estimate the Profit Efficiency (PE) and … in efficiency, followed by foreign banks while the efficiency of Public sector banks was highest in 2008 showed …, Herfindahl-Hirschman Index(HHI), and ownership structure are significant determinants of bank efficiency. The study contributes …
Persistent link: https://www.econbiz.de/10012219526
efficiency of individual banks, are also of great importance to profitability (proxied by ROA and ROE ratios) of banking sectors …. Our results suggest that banking sector specific determinants affect the efficiency of banks in anticipated way …. Macroeconomic variables have statistically significant impact on both ROA and ROE. The sensitivity of efficiency to both groups of …
Persistent link: https://www.econbiz.de/10012981007