Similar Search Results

Renneboog, Luc; Trojanowski, G. - Tilburg University, Center for Economic Research - 2005

This paper examines the payout policies of UK firms listed on the London Stock Exchange during the 1990s.It complements the existing literature by analyzing the trends in both dividends and total payouts (including share repurchases).In a dynamic panel data regression setting, we relate target...

Persistent link: https://www.econbiz.de/10011090300

Econometric Modelling in Blockholder Systems of Corporate Governance

Manjon, M.C. - Tilburg University, Center for Economic Research - 2004

Persistent link: https://www.econbiz.de/10011090535

How do Mergers and Acquisitions Affect Bondholders in Europe? Evidence on the Impact and Spillover of Governance and Legal Standards

Renneboog, Luc; Szilagyi, P.G. - Tilburg University, Center for Economic Research - 2006

This paper contributes to the comparative corporate governance literature by showing how cross-country differences in … governance and legal standards affect the bondholder wealth effects of European merger and acquisitions (M&As).Using investment …

Persistent link: https://www.econbiz.de/10011090642

The Disciplining Role of Leverage in Dutch Firms

de Jong, A. - Tilburg University, Center for Economic Research - 2001

between leverage, Tobin s q and corporate governance characteristics for Dutch listed firms.Besides, our empirical analysis … governance structures.We test a structural equations model in which we deal with this simultaneous nature of the relation between …

Persistent link: https://www.econbiz.de/10011090661

The Impact of Ownership Structure on Firm Performance : Evidence From a Large Emerging Market

Douma, S.W.; George, R.; Kabir, M.R. - Tilburg University, Center for Economic Research - 2002

We examine how ownership structure affects the performance of firms using firm level data from a large emerging market, India.We specifically focus on a previously unexplored phenomenon, namely the differential role played by foreign institutional and foreign corporate shareholders.An...

Persistent link: https://www.econbiz.de/10011090733

Does Good Corporate Governance Lead to Stronger Productivity Growth?

Renneboog, Luc; Koeke, J. - Tilburg University, Center for Economic Research - 2002

This study investigates the impact of corporate governance and product market competition on total factor productivity … growth in Germany and the UK.For Germany, the prototype of a bank-based governance system, productivity grows faster in firms … significant in firms which experience financial difficulties or are in financial distress.For the UK, a market-based governance …

Persistent link: https://www.econbiz.de/10011091051

When do German Firms Change their Dividends?

Renneboog, Luc; Correia Da Silva, L.; Goergen, M. - Tilburg University, Center for Economic Research - 2002

Anecdotal evidence suggests that the dividend policy of German firms is more flexible than the one of their Anglo-American counterparts.This paper analyses the decision to change the dividend for a panel of 221 German firms from 1984 to 1994.The choice of the period of study is motivated by the...

Persistent link: https://www.econbiz.de/10011091618

The Dividend Policy of German Firms

Renneboog, Luc; Andres, C.; Betzer, A.; Goergen, M. - Tilburg University, Center for Economic Research - 2008

German firms pay out a lower proportion of their cash flows, but a higher proportion of their published profits than UK and US firms. We estimate partial adjustment models and report two major findings. First, German firms base their dividend decisions on cash flows rather than published...

Persistent link: https://www.econbiz.de/10011091720

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 … harmonization of the national legislations.With the help of 150 corporate governance lawyers from 30 European countries, we …-(American) corporate governance system has been started and we find that this is the case.We make predictions as to the consequences of the …

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 … governance indices which capture the major features of capital market laws in the analysed countries. The indices indicate how …

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