Similar Search Results

Corporate Finance In Europe Confronting Theory With Practice

Brounen, Brounen, D.; de Jong, de Jong, A.; Koedijk, … - Erasmus Research Institute of Management (ERIM), … - 2004

In this paper we present the results of an international survey among 313 CFOs on capital budgeting, cost of capital, capital structure, and corporate governance. We extend previous results of Graham and Harvey (2001) by broadening their sample internationally, by including corporate governance,...

Persistent link: https://www.econbiz.de/10010730904

The Role of Self-Regulation in Corporate Governance

de Jong, de Jong, A.; DeJong, D.V.; Mertens, Mertens, G.M.H. - Erasmus Research Institute of Management (ERIM), … - 2001

This paper assesses the effectiveness of self-regulation to promote investor interests. The Netherlands provides an … States Securities and Exchange Commission has closely followed the Dutch "experiment" in self-regulation. We begin by … successful evolution of corporate governance practices in the Netherlands through self-regulation. The one exception to this …

Persistent link: https://www.econbiz.de/10010731323

Do Banks Influence the Capital Structure Choices of Firms?

Verbeek, Marno; Daniševská, P.; de Jong, de Jong, A. - Erasmus Research Institute of Management (ERIM), … - 2004

This paper investigates three capital structure decisions – leverage, debt maturity and the source of debt – in a simultaneous setting. Moreover, we investigate whether these choices are influenced by the involvement of banks in a firm. Our results based on a panel of Dutch firms show that...

Persistent link: https://www.econbiz.de/10010731273

Capital Structure Policies in Europe: Survey Evidence

Brounen, Brounen, D.; de Jong, de Jong, A.; Koedijk, … - Erasmus Research Institute of Management (ERIM), … - 2005

In this paper we present the results of an international survey among 313 CFOs on capital structure choice. We document several interesting insights on how theoretical concepts are being applied by professionals in the U.K., the Netherlands, Germany, and France and we directly compare our...

Persistent link: https://www.econbiz.de/10010837612

Corporate Governance and Acquisitions: Acquirer Wealth Effects in the Netherlands

de Jong, de Jong, A.; van der Poel, van der Poel, A.M.; … - Erasmus Research Institute of Management (ERIM), … - 2007

We examine 865 acquisitions by Dutch industrial firms over the period 1993–2004. Theoretical work based on principal–agent problems predicts that managers of exchange-listed corporations may pursue acquisitions even when these do not add value for the shareholders. Corporate governance...

Persistent link: https://www.econbiz.de/10010730980

Shareholders’ Voting at General Meetings: Evidence from the Netherlands

de Jong, de Jong, A.; Mertens, Mertens, G.M.H.; … - Erasmus Research Institute of Management (ERIM), … - 2004

We study annual general meetings of shareholders in the Netherlands. The Dutch corporate governance system is characterized by relatively concentrated shareholdings and large stakes owned by pension funds, banks and insurance companies. The legal protection of shareholders is poor due to...

Persistent link: https://www.econbiz.de/10010730998

Corporate Governance and the Cost of Debt of Large European Firms

van Dijk, Dick; Schauten, Schauten, M.B.J. - Erasmus Research Institute of Management (ERIM), … - 2010

This paper examines the effects of different corporate governance mechanisms on the cost of debt for large European firms and documents a novel interaction effect between shareholder rights and disclosure. Improved disclosure leads to a lower credit spread only if shareholder rights are low. A...

Persistent link: https://www.econbiz.de/10010837530

When Do Managers Seek Private Equity Backing in Public-to-Private Transactions?

van Dijk, Dick; Fidrmuc, Fidrmuc, J.P.; Roosenboom, … - Erasmus Research Institute of Management (ERIM), … - 2007

Over the last decade, the going private market has experienced a considerable boom in size and also has become more interesting for private equity investors that are looking to partner with incumbent management. This offers managers the choice to take the firm private themselves in a traditional...

Persistent link: https://www.econbiz.de/10010837590

Corporate Governance and the Value of Excess Cash Holdings of Large European Firms

van Dijk, Dick; Schauten, Schauten, M.B.J.; van der … - Erasmus Research Institute of Management (ERIM), … - 2008

We examine the relation between the quality of corporate governance and the value of excess cash for large European firms (FTSEurofirst 300 Index). We use Deminor ratings for Shareholder rights, Takeover defences, Disclosure and Board as proxies for the quality of corporate governance. We find...

Persistent link: https://www.econbiz.de/10010837639

The Geography of Equity Listing and Financial Centre Competition in Mainland China and Hong Kong

Karreman, Karreman, B.; van der Knaap, van der Knaap, G.A. - Erasmus Research Institute of Management (ERIM), … - 2010

This study examines the changing competitiveness of financial centres in mainland China and Hong Kong based on the geography of equity listing of mainland Chinese firms. Pre-listing firm characteristics are used to explore firms’ motives for listing on a particular exchange and whether these...

Persistent link: https://www.econbiz.de/10010731336