Showing 1 - 9 of 9
schemes used by Hees-Edper firms encouraged managers to adopt high-risk strategies, and that the intercorporate co …
Persistent link: https://www.econbiz.de/10009438865
benefits of a liquid credit market. How firms are governed is closely related to how they raise capital. Managers who maximize … firm value can finance their business at lower cost than managers who pursue personal goals. Thus, actions that affect a … instruments trade. Those changes, in turn, may affect a borrower’s cost of capital, providing managers with a real incentive to …
Persistent link: https://www.econbiz.de/10009467527
The paper examines the relations between the architecture of an economy's financial system - its degree of market orientation - and economic performance in the real sector. We argue that the relative effectiveness of bank-based versus market-based financial systems depends on the strength of the...
Persistent link: https://www.econbiz.de/10009476792
Capital markets perform two distinct functions: provision of capital and facilitation of good governance through information production and monitoring. I argue that the governance function has more impact on the efficiency with which resources are utilized within the firm. Based on industry...
Persistent link: https://www.econbiz.de/10009476803
Capital markets perform two distinct functions: provision of capital and facilitation of good governance through information production and monitoring. I argue that the governance function has more impact on the efficiency with which resources are utilized within the firm. Based on industry...
Persistent link: https://www.econbiz.de/10009476906
We study the role of corporate governance in abnormal returns around announcements of seasoned equity offerings (SEOs) by publicly traded U. S. firms from 2001 - 2004. We find that investors react more positively for firms in which different people hold the CEO and board chairman positions. We...
Persistent link: https://www.econbiz.de/10009458997
management in the manufacturing companies on Indonesia Stock Exchange in 2009. Corporate governance that used in this research … commissioner composition have significant influence to earning management partially. Board of commissioner, size firm …, institutional ownership, managerial ownership and ownership concentration had not significant influence to earning management. …
Persistent link: https://www.econbiz.de/10009464434
This study examines the phenomenon of co-CEOs within publicly traded firms. Although shared executive leadership is not widespread, it occurs within some very prominent firms. We find that co-CEOs generally complement each other in terms of educational background or executive responsibilities....
Persistent link: https://www.econbiz.de/10009484450
Die Europäische Union hat es sich zum Ziel gemacht, auf eine gute und vor allem effektive Corporate Governance hinzuwirken. Mit dieser Zielsetzung wurde in einer Abänderungsrichtlinie festgelegt, dass kapitalmarktorientierte Unternehmen künftig umfassende Informationen (das sog. Corporate...
Persistent link: https://www.econbiz.de/10009428987