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Impact of Disclosure and Corporate Governance on the Association Between Fair Value Gains and Losses and Stock Returns in the Commercial Banking Industry

Bhat, Gauri - 2013

In this paper, I examine the relations between risk management disclosures, governance, and the market pricing of the fair value gains and losses (FVGL) for US commercial bank holding companies (banks). I find that banks with strong corporate governance disclose more about their risk management...

Persistent link: https://www.econbiz.de/10014048368

Institutional investors and ESG preferences

López-de-Silanes, Florencio; McCahery, Joseph A.; … - 2022

We study the effect of environmental, social and governance (ESG) scores on the portfolio allocations of institutional investors. Using a unique data set, we find that institutional investor holdings (as measured by 13F filings) are strongly driven by the ESG quality of companies. While...

Persistent link: https://www.econbiz.de/10012939445

Investment efficiency, state-owned enterprises and privatisation : evidence from Vietnam in transition

O'Toole, Conor M.; Morgenroth, Edgar L. W.; Ha Thi Thu Thuy - 2015

Our research tests the difference in investment efficiency between state-owned enterprises (SOEs) and private firms and … then evaluates the effect of privatisation and equitisation policies on the investment efficiency of former state owned …

Persistent link: https://www.econbiz.de/10010499591

Corporate Governance and Efficiency in Banking : Evidence from Emerging Economies

Andries, Alin Marius - 2018

This paper investigates the impact of corporate governance on bank efficiency across a sample of 139 commercial banks … implementing rigorous corporate governance structures is associated with higher costs for banks and a lower level of efficiency …, tight risk management is associated with both higher cost and technical efficiency for more capitalized banks, while rigid …

Persistent link: https://www.econbiz.de/10012936415

Takeover Defenses : Entrenchment and Efficiency

Bhojraj, Sanjeev - 2014

This paper explores the potential role of anti-takeover provisions (ATPs) in long-term value creation. Using multiple research designs, we find that long-term focused (innovative) firms benefit from takeover protection. We also find that the protected innovative firms are less likely to engage...

Persistent link: https://www.econbiz.de/10013049867

The Effect of Voluntary Disclosure on Firm Risk and Firm Value : Evidence from Management Earnings Forecasts

Foerster, Stephen R. - 2013

This study investigates whether the voluntary disclosure of management earnings forecasts influences investors' assessment of firm risk and firm value. We find a significant negative relationship between the issuance of management earnings forecasts and a variety of measures of firm risk...

Persistent link: https://www.econbiz.de/10013088706

Too Complex to Depict? Innovation, 'Pure Information,' and the SEC Disclosure Paradigm

Hu, Henry T. C. - 2014

Persistent link: https://www.econbiz.de/10013065970

Institutional Investor Attention and Firm Disclosure

Abramova, Inna - 2019

We study how short-term changes in institutional owner attention affect managers' disclosure choices. Holding institutional ownership constant and controlling for industry-quarter effects, we find that managers respond to attention by increasing the number of forecasts and 8-K filings. Rather...

Persistent link: https://www.econbiz.de/10012900705

Disclosure Universes and Modes of Information : Banks, Innovation, and Divergent Regulatory Quests

Hu, Henry T. C. - 2014

Persistent link: https://www.econbiz.de/10013053461

ESG Disclosures in the Private Equity Industry

Abraham, Jefferson Kaduvinal; Olbert, Marcel; Vasvari, … - 2022

This paper offers the first systematic evidence on environmental, social and governance (ESG) disclosures provided by a global sample of private equity (PE) firms. Using historical websites from 2000 to 2021, we develop a novel measure of voluntary PE firm ESG disclosures. We find that these...

Persistent link: https://www.econbiz.de/10014238478