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Ownership, Dividends, R&D and Retained Earnings - are institutional owners short-term oriented?
Wiberg, Daniel - Centre of Excellence for Science and Innovation … - 2008
evidence for the relationship between dividend payout policy and ownership in a corporate governance system which is … have been made on US or UK data, which do not account for this Continental-European governance attribute. The paper …
Persistent link: https://www.econbiz.de/10005419318
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The Diffusion of Corporate Governance to Emerging Markets: Evaluating Two Dimensions of Investor Heterogeneity
Kim, Woochan; Sung, Taeyoon; Wei, Shang-Jin - Volkswirtschaftliche Fakultät, … - 2014
strong tradition of investor activism. Second, we examine corporate financial policies and governance practices of target … firms in emerging markets to adopt corporate governance practices that enhance shareholder values. …
Persistent link: https://www.econbiz.de/10011110645
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Efficient Markets and the Law: A Predictable Past and an Uncertain Future
Hu, Henry T.C. - In: Annual Review of Financial Economics 4 (2012) 1, pp. 179-214
This article analyzes the manifold situations in which the efficient-market hypothesis (EMH) has influenced—or has failed to influence—federal securities regulation and state corporate law, and the prospective roles for the EMH in these contexts. In federal securities regulation, the EMH has...
Persistent link: https://www.econbiz.de/10010603964
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Performance benefits of tight control
Gill, Andrej; Visnjic, Nikolai - Research Center SAFE (Sustainable Architecture for … - 2013
companies to evaluate the consequences of the corporate governance changes on operational performance. Our analysis shows …
Persistent link: https://www.econbiz.de/10010955138
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Analyst forecasts and European mutual fund trading
Franck, Alexander; Kerl, Alexander - In: Journal of Banking & Finance 37 (2013) 8, pp. 2677-2692
This paper addresses the questions whether European mutual fund managers rely on sell-side analyst information and whether this behavior impacts fund performance. Results show that mutual funds significantly increase (decrease) their holdings in stocks when any of the consensus forecast measures...
Persistent link: https://www.econbiz.de/10010679251
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Local Ownership as Private Information: Evidence on the Monitoring-Liquidity Trade-Off
Gaspar, José-Miguel; Massa, Massimo - C.E.P.R. Discussion Papers - 2004
show that informed ownership improves the quality of governance of the firm and induces value-enhancing decisions (less …
Persistent link: https://www.econbiz.de/10005497985
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Considerations on the possibility of measuring the economic and financial performance of the economic entity in accordance with corporate governance.
SAVIN, PhD. Mihai C. - In: Management Intercultural (2014) 30, pp. 225-241
A system for measuring the economic and financial performance plays an important role in managing a business, because it provides the information necessary for decision making and launching of various actions. Tools and indicators for measurement and evaluation of economic and financial...
Persistent link: https://www.econbiz.de/10010764332
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FINANCING DECISION AND CORPORATE GOVERNANCE
STANCULESCU, ANDREI; IVANESCU, DAN NICOLAE; BREZEANU, PETRE - In: International Conference Modern Approaches in … 5 (2011) 1, pp. 569-572
governance. On the one hand, the financing decision has an impact on corporate performance, which has been confirmed. According … managers. On the other hand, the corporate governance mechanism provides the proper contractual framework for attracting …
Persistent link: https://www.econbiz.de/10010541157
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Privatization of Air France:A Test of The Stakeholder Corporate Governance Theory;La privatisation d'Air France : un test de la théorie de la gouvernance partenariale
Chatelin, Céline - Université de Bourgogne - CREGO EA7317 Centre de … - 2003
La théorie de la gouvernance partenariale permet de renouveler la lecture de la privatisation encore très controversée … gouvernance à partir de l'étude du cas d'Air France partiellement privatisée en 1999. Cette étude illustre l …'impact organisationnel de la privatisation sur le processus décisionnel et sur le système de gouvernance de l'entreprise, entamé bien avant l …
Persistent link: https://www.econbiz.de/10005604447
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Systèmes de gouvernance, actionnaires dominants et performance future des entreprises
André, Paul; Schiehll, Eduardo - In: Revue Finance Contrôle Stratégie 7 (2004) 2, pp. 165-193
(VF)La structure de propriété au Canada est fortement concentrée. Les résultats univariés de cette étude révèlent une relation positive entre la performance et d’une part, la proportion d’administrateurs indépendants, d’autre part, l’importance de la rémunération incitative du...
Persistent link: https://www.econbiz.de/10005111097