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This paper provides an overview of conceptual issues and recent research findings concerning the structure and the role of financial systems and an introduction into the new research area of comparative financial systems. The authors start by pointing out the importance of financial systems in...
Persistent link: https://www.econbiz.de/10010376187
This paper provides an overview of conceptual issues and recent research findings concerning the structure and the role of financial systems and an introduction into the new research area of comparative financial systems. The authors start by pointing out the importance of financial systems in...
Persistent link: https://www.econbiz.de/10010982196
In this study, we examine the wealth effects of regulatory changes intended to improve corporate governance by protecting minority shareholders from expropriation by controlling shareholders. Using data from publicly traded Chinese firms, we find that these new regulations significantly...
Persistent link: https://www.econbiz.de/10011260290
collected the main changes in takeover regulation.We assess whether a process of convergence towards the Anglo …
Persistent link: https://www.econbiz.de/10011092169
country-coverage (30 European countries and the US) also allows us to draw conclusions about the convergence of corporate … governance regimes across the countries. To our best knowledge, this is the first study that intends to address the convergence …
Persistent link: https://www.econbiz.de/10011092184
collected the main changes in takeover regulation. We assess whether a process of convergence towards the Anglo …
Persistent link: https://www.econbiz.de/10005040861
We examine the wealth effects of three regulatory changes designed to improve minorityshareholder protection in the Chinese stock markets. Using the value of a firm’s related-party transactions as an inverse proxy for the quality of corporate governance, we find that firms with weaker...
Persistent link: https://www.econbiz.de/10005622187
Persistent link: https://www.econbiz.de/10013183819
and Lee (2010), and Polity IV Project datasets. The empirical analysis shows that conditional convergence occurs among the … countries in the sample and that FDI net inflows per worker slightly increases the speed of conditional convergence. This study …
Persistent link: https://www.econbiz.de/10009450246
for the issue of rapid convergence to the best system. In addition, we introduce a formal concept of complementarity and … of systems composed of complementary elements are such that a rapid convergence towards a universally best corporate … complementarity, that there even is the possibility of a convergence towards a common system which is economically inferior. And in …
Persistent link: https://www.econbiz.de/10010316240