The extent of voluntary corporate disclosure by companies in annual reports in recent years has increased due to various factors. A number of prior studies examined the relationship between ownership concentration and voluntary corporate disclosure. Their findings suggest there is less voluntary...

This article studies the relationship between ownership structure of French companies and their stock repurchase policy. According to financial theory, the presence of institutional investors negatively influences repurchasing policy because the preference of these investors is to reinvest in...

Taking the cost of trading as a liquidity proxy, we provide evidence of commonality in liquid-ity and look for sources of it in an emerging market, Turkey. We show that the commonality in non-index stocks is higher than the commonality in index stocks. As the position size to trade increases,...

Using a stochastic frontier model and a comprehensive dataset, we study factors that affect corporate efficiency in Europe. We find that (i) larger firms are less efficient than smaller firms, (ii) greater leverage contributes to corporate efficiency, and (iii) high competition is less...

В статье предложена система индикаторов уровня издержек финансирования субъектов хозяйствования, в основе которого лежит функция формирования рекомендаций...

We combine agency theory with the law and finance approach to analyze how the legal protection of investors and the corporate ownership structure affect the corporate investment in research and development (R&D). We use information from 1,091 firms from the five most R&D intensive industries in...

This study examines the effect of corporate social responsibility (CSR) towards primary stakeholders on the cost of equity capital in Chinese listed firms, and divides the sample into state-owned enterprises (SOEs) and non-state-owned enterprises (NSOEs) for comparison. We construct a set of CSR...

Целью статьи является исследование взаимосвязи и влияния циклического развития современной экономики на финансовую архитектуру субъектов хозяйствования. В...

This Technical Note focuses on banking sector structure in Germany. Germany’s banking system comprises three “pillarsâ€â€”private commercial banks, public sector banks, and cooperative banks—distinguished by the ownership structure and business orientation. The German...

В статье рассматриваются особенности структуры акционерного капитала российских промышленных предприятий на современном этапе (2013 год). Подтверждена...