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Corporate Governance Convergence : Evidence from Takeover Regulation Reforms in Europe

Renneboog, Luc; Goergen, M.; Martynova, M. - Tilburg University, Center for Economic Research - 2005

This paper contributes to the research on corporate governance by predicting the effects of European takeover … regulation.In particular, we investigate whether the recent reforms of takeover regulation in Europe are leading to a … collected the main changes in takeover regulation.We assess whether a process of convergence towards the Anglo …

Persistent link: https://www.econbiz.de/10011092169

A Corporate Governance Index : Convergence and Diversity of National Corporate Governance Regulations

Renneboog, Luc; Martynova, M. - Tilburg University, Center for Economic Research - 2010

The issue of appropriate corporate governance framework has been a focal point of recent reforms in many countries. This study provides a comprehensive comparative analysis of corporate governance regulatory systems and their evolution over the last 15 years in 30 European countries and the US....

Persistent link: https://www.econbiz.de/10011092184

The Trade-Off Between Risk and Control in Corporate Ownership

Manjon, M.C. - Tilburg University, Center for Economic Research - 2003

This paper analyses the risk control trade o$ in corporate ownership. It presents a simple model in which large shareholders decide their share depending on their risk aversion, risk-neutral effects attached to rm size and the e$ectiveness of di$erent (external and internal) mechanisms for...

Persistent link: https://www.econbiz.de/10011092247

Institutional Investor Preferences and Executive Compensation (Revision of 2011-103)

McCahery, J.A.; Sautner, Z. - Tilburg University, Center for Economic Research - 2012

Abstract: In this paper, we investigate the attitudes of institutional investors, such as hedge funds, insurance companies, mutual funds and pension funds, towards a key corporate governance mechanism, namely executive compensation. We document the preferences they have about both the level and...

Persistent link: https://www.econbiz.de/10011092357

Leveraged Public to Private Transactions in the UK

Renneboog, Luc; Simons, T.; Wright, M. - Tilburg University, Center for Economic Research - 2005

free cash flows does not determine the premiums nor are PTPs a defensive reaction against a takeover. …

Persistent link: https://www.econbiz.de/10011092360

Leveraged Buyouts in the U.K. and Continental Europe : Retrospect and Prospect

Renneboog, Luc; Wright, M.; Simons, T.; Scholes, L. - Tilburg University, Center for Economic Research - 2006

Persistent link: https://www.econbiz.de/10011092566

Internal and External Discipline Following Securities Class Actions

Humphery-Jenner, M. - Tilburg University, Center for Economic Research - 2011

Companies are sometimes accused of misleading the market. The SEC can punish this with enforcement actions. Alternatively, shareholders can seek redress through a shareholder class action (SCA). While some literature has examined SEC actions, it has not examined SCAs, and has not examined...

Persistent link: https://www.econbiz.de/10011092569

The Wage Premium of Foreign Ownership: Evidence from European Mergers and Acquisitions

Oberhofer, Harald; Stöckl, Matthias; Winner, Hannes - In: Economics - The Open-Access, Open-Assessment E-Journal 6 (2012), pp. 1-27

The authors provide evidence on the impact of foreign ownership on labor market outcomes analyzing pay differences between foreign-acquired and domestically owned firms. For this purpose, they use firm-level data from 16 European countries over the time period 19992006. Combing propensity score...

Persistent link: https://www.econbiz.de/10010981399

Financial systems - importance, differences and convergence

Schmidt, Reinhard H.; Hryckiewicz, Aneta - House of Finance, Goethe Universität Frankfurt am Main - 2006

This paper provides an overview of conceptual issues and recent research findings concerning the structure and the role of financial systems and an introduction into the new research area of comparative financial systems. The authors start by pointing out the importance of financial systems in...

Persistent link: https://www.econbiz.de/10010982196

Kursunterschiede und Renditen deutscher Stamm- und Vorzugsaktien

Daske, Stefan; Ehrhardt, Olaf - Sonderforschungsbereich 373, Quantifikation und … - 2002

In der vorliegenden Untersuchung betrachten wir die Grundgesamtheit der deutschen Unternehmen, von denen im Zeitraum 1956 bis 1998 Stamm- und stimmrechtslose Vorzugsaktien börsennotiert waren. Zwischen beiden Aktiengattungen besteht mit durchschnittlich 17,2 Prozentpunkten ein ökonomisch und...

Persistent link: https://www.econbiz.de/10010983535