Narrow search
Showing 1 - 10 of 139
Cover Image
Does CEO turnover matter in China? Evidence from the stock market
Pessarossi, Pierre; Weill, Laurent - In: Journal of Economics and Business 70 (2013) C, pp. 27-42
We study the consequences of CEO turnover announcements on the stock prices of firms in China, where most listed firms remain majority-owned by the state. Our proposition is that state ownership may affect stock market reaction to CEO replacement because state-owned firms often pursue multiple,...
Persistent link: https://www.econbiz.de/10010730437
Cover Image
The Strange Kind of Corporate Governance
Eric, Dejan - In: Economic Analysis 40 (2007), pp. 41-57
The paper refers to the development of corporate governance phenomenon in the Federal Republic of Yugoslavia (FRY) during the 1990s of the twentieth century. It is about the country established by disintegration of the former socialist Yugoslavia, which was in the immediate war zone, under the...
Persistent link: https://www.econbiz.de/10010742000
Cover Image
Does Competition Matter for Corporate Governance? The Role of Country Characteristics
Cosset, Jean-Claude; Somé, Hyacinthe Y.; Valery, Pascale - Centre Interuniversitaire sur le Risque, les Politiques … - 2012
We investigate the empirical relation between competition and corporate governance and the effect of country characteristics on this relation. We find that competition is associated with strong corporate governance, but only in less developed countries. We next examine the impact of corporate...
Persistent link: https://www.econbiz.de/10010583560
Cover Image
A bright side of financial constraints in cash management
Luo, Mi - In: Journal of Corporate Finance 17 (2011) 5, pp. 1430-1444
This paper tests whether financial constraints play a disciplinary role in cash dissipation in the presence of agency problems. We hypothesize that when firms have difficulty raising external funds, empire-building managers of cash-rich firms will be less likely to spend cash on negative NPV...
Persistent link: https://www.econbiz.de/10010574237
Cover Image
Corporate governance, corporate finance and stock markets in emerging countries
Singh, Ajit - Volkswirtschaftliche Fakultät, … - 2003
This paper focuses on the inter-relationship between corporate governance, financing of corporate growth and stock market development in emerging countries. It explores both theoretically and empirically the nature of the inter-relationships between these phenomena, as well their implications...
Persistent link: https://www.econbiz.de/10008615038
Cover Image
Are the Institutions of the Stock Market and the Market for Corporate Control Evolutionary Advances for Developing Countries?
Singh, Ajit - Volkswirtschaftliche Fakultät, … - 2010
This paper explores the question of whether the institution of the stock market is likely to be helpful to developing countries in promoting their real economy and ensuring fast industrial growth. The case for and against the stock market inevitably involves a discussion of the important related...
Persistent link: https://www.econbiz.de/10008490555
Cover Image
The impact of investor protection law on corporate policy and performance: Evidence from the blue sky laws
Agrawal, Ashwini K. - In: Journal of Financial Economics 107 (2013) 2, pp. 417-435
Recent studies have debated the impact of investor protection law on corporate behavior and value. I exploit the staggered passage of state securities fraud statutes (“blue sky laws”) in the United States to estimate the causal effects of investor protection law on firm financing decisions...
Persistent link: https://www.econbiz.de/10011039263
Cover Image
Corporate Governance, Innovation and Firm Age: Insights and New Evidence
Krafft, Jackie; Quatraro, Francesco; Ravix, Jacques-Laurent - Groupe de REcherche en Droit, Économie, Gestion … - 2015
This paper investigates the relationship between corporate governance (CG) and innovation according to firms’ age by … combining insights from the recent strand of contributions analysing CG and innovation with the lifecycle literature. We find a … negative relationship between CG and innovation which is stronger for young firms than for mature ones. The empirical analysis …
Persistent link: https://www.econbiz.de/10011123172
Cover Image
The relationship between corporate governance and community engagement: Evidence from the Australian mining companies
Lin, Philip T.; Li, Bin; Bu, Danlu - In: Resources Policy 43 (2015) C, pp. 28-39
We investigate whether effective corporate governance mechanisms help improve firm-level community engagement activities, using a sample of Australian mining companies for the period 2005–2013. We firstly document that effective board structure and functionality positively contribute to mining...
Persistent link: https://www.econbiz.de/10011209912
Cover Image
Agency cost, corporate governance and ownership structure: the case of Pakistan
Sajid, Gul; Muhammad, Sajid; Nasir, Razzaq; Farman, Afzal - Volkswirtschaftliche Fakultät, … - 2012
The article attempts to investigate the role of ownership structure and corporate governance in mitigating agency cost in a sample of 50 firms selected on the basis of market capitalization from “Karachi Stock Exchange” during the period 2003 to 2006. We used the proxy asset utilisation...
Persistent link: https://www.econbiz.de/10011260596