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The purpose of this study sought to examine the overall performance of Chin Teck Plantation Bhd with explicit risk factors and macroeconomic factor on profitability performance. The data obtained from annual report of Chin Teck Plantation Bhd. Starting from 2011-2015. The measurement of index...
Persistent link: https://www.econbiz.de/10015255646
The purpose of this study is to examine the overall performance of Vivocom Intl Holdings Berhad with specific risk and corporate governance variables on profitability performance. The data obtained from annual report of Vivocom Intl Holdings Berhad starting from 2011-2015. The measurement of...
Persistent link: https://www.econbiz.de/10015255716
The use of equity derivatives to conceal economic ownership of shares (“hidden ownership”) is increasingly drawing attention from the financial community, as is the exercise of voting power without corresponding economic interest (“empty voting”). Market participants and commentators...
Persistent link: https://www.econbiz.de/10015215295
The use of equity derivatives to conceal economic ownership of shares (“hidden ownership”) is increasingly drawing attention from the financial community, as is the exercise of voting power without corresponding economic interest (“empty voting”). Market participants and commentators...
Persistent link: https://www.econbiz.de/10015216111
The use of equity derivatives to conceal economic ownership of shares (“hidden ownership”) is increasingly drawing attention from the financial community, as is the exercise of voting power without corresponding economic interest (“empty voting”). Market participants and commentators...
Persistent link: https://www.econbiz.de/10015216643
This study examines whether the threat of exit by blockholders can alleviate managers' moral hazard problems when they have reputation concerns in stock markets. When future cash flows decline over time, the threat of exit and reputation concerns both discipline managers. However, when future...
Persistent link: https://www.econbiz.de/10015270472
This paper examines the effects of improvement in creditors’ rights protection on firms’ financing choices and securities issuance. To address these issues, I exploit exogenous variation in creditors’ rights protection induced by the staggered adoption of anti-recharacterization laws by...
Persistent link: https://www.econbiz.de/10015216178
Using a cross-country quarterly firm-level dataset, we empirically examine the impact of the COVID-19 pandemic on the trade credit channel of firms. In contrast to the impact on trade credit documented during earlier crisis episodes, we find that firms with poor credit quality obtain lower...
Persistent link: https://www.econbiz.de/10015264606
One of the arguments often advanced for implementing a stronger insolvency and bankruptcy framework is that it enhances … insolvency regime reduces firms' likelihood of defaulting on their debt. In particular, we examine whether it reduces default … risk during increased economic uncertainty and various external shocks. Our results confirm that a stronger insolvency …
Persistent link: https://www.econbiz.de/10015265282
The resilience of firms to industry-wide shocks has positive externalities in industries with systemic risk, such as banking. We study the resilience of banks to macroeconomic slowdowns in a context of lax microprudential regulations: Colombia during the 1980s. Multiple banks performed poorly...
Persistent link: https://www.econbiz.de/10015269106