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Corporate Governance and Shareholder Value in Deutschland

Jürgens, Ulrich; Rupp, Joachim; Vitols, Katrin; … - 2000

crumbling. Change in the direction of shareholder value is therefore limited. The take-over of Mannesmann by Vodafone after a 3 …

Persistent link: https://www.econbiz.de/10010306886

Winning by Losing: Evidence on Overbidding in Mergers

Malmendier, Ulrike; Moretti, Enrico; Peters, Florian - 2011

Do shareholders of acquiring companies profit from acquisitions, or do acquiring CEOs overbidand destroy shareholder value? Answering this question is difficult since the hypotheticalcounterfactual is hard to determine. We exploit merger contests to address the identificationissue. In those...

Persistent link: https://www.econbiz.de/10010326182

An emerging market for corporate control? The Mannesmann takeover and German corporate governance

Höpner, Martin; Jackson, Gregory - 2001

for corporate control have not played a significant role. This case study of the hostile takeover of Mannesmann AG by … both claims by agency theory for the efficiency of takeover markets, as well as the institutional complementarities within …

Persistent link: https://www.econbiz.de/10010333008

Warum Abwehrmaßnahmen gegen Übernahmen in Spanien?

Alemany, Margalida; Crespi-Cladera, Rafel - In: Vierteljahrshefte zur Wirtschaftsforschung 70 (2001) 2, pp. 214-224

The adoption of takeover protections, from the empirical side, has been focused to find supporting evidence to the … decisions for additional takeover defenses are taken. Alternatively, external control gives more negotiation power, allowing for … higher takeover prices, which is expected to increase shareholders' wealth. These two hypotheses have been widely tested in …

Persistent link: https://www.econbiz.de/10010377524

Individual and corporate social responsibility

Bénabou, Roland; Tirole, Jean - 2009

Society's demands for individual and corporate social responsibility as an alternative response to market and distributive failures are becoming increasingly prominent. We first draw on recent developments in the psychology and economics of prosocial behavior to shed light on this trend, which...

Persistent link: https://www.econbiz.de/10010269689

A japán vállalatirányítás (corporate governance) átalakulása

Ozsvald, Éva - 2013

The pressures to accommodate to the global standards of corporate governance (CG) for Japanese public companies had grown strong since the mid-1990s. A series of legal reforms has led to the formal imitation of the market oriented Anglo-American model which, however, was not accompanied by the...

Persistent link: https://www.econbiz.de/10010494542

Linking corporate reputation and shareholder value using the publication of reputation rankings

Tischer, Sven; Hildebrandt, Lutz - 2011

Good corporate reputation is seen as one of the most valuable assets. It is believed to cause a multitude of favorable impacts within different stakeholder groups. As a consequence, a multitude of studies analyzed the relationship between corporate reputation and financial performance. However,...

Persistent link: https://www.econbiz.de/10010281513

Riding the Waves of Reforms in Corporate Law, an Overview of Recent Improvements in Italian Corporate Codes of Conduct

Ferro, Nicoletta - 2006

In the past only a few of the major Italian companies spontaneously adopted self- regulatory tools such as codes of corporate conduct or codes of ethics, claiming the set of values that should guide their conduct and their shareholders and stakeholders were called to comply with. As a reaction...

Persistent link: https://www.econbiz.de/10010312304

Aufnahme eines persönlich haftenden Gesellschafters bei einer GmbH & Co. KG zur Vermeidung der Offenlegung des Jahresabschlusses nach HGB

Kaya, Devrimi - 2010

The paper analyses a strategy for avoiding the disclosure of the financial statements of a limited partnership with a limited liability company as general partner (GmbH & Co. KG) according to German Commercial Code (HGB). It describes the formal process of the joining of a natural person as an...

Persistent link: https://www.econbiz.de/10010299999

Earnings Less Risk-Free Interest Charge (ERIC) and stock returns - a value-based management perspective on ERIC's relative and incremental information content

Lueg, Rainer; Toft, Jon Svennesen - In: Journal of Risk and Financial Management 15 (2022) 8, pp. 1-21

This paper investigates the relative and incremental information content of KPMG's recently developed metric for shareholder value creation: earnings less risk-free interest charge (ERIC). We assess if ERIC has a better ability to predict stock returns than earnings, cash flow from operations...

Persistent link: https://www.econbiz.de/10014332569