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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
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
companies to evaluate the consequences of the corporate governance changes on operational performance. Our analysis shows …
Persistent link: https://www.econbiz.de/10010327823
Using hand-collected data on CEO appointments during shareholder activism campaigns, this study examines whether shareholder involvement in CEO recruiting affects frictions in CEO hiring decisions. The results indicate that appointments of CEOs who are recruited with shareholder activist...
Persistent link: https://www.econbiz.de/10012655973
holdings for corporate governance and firm decision-making. We present evidence that dual ownership allows financially … portfolio companies, highlighting the positive governance externalities of intra-family cooperation. …
Persistent link: https://www.econbiz.de/10013412972
companies to evaluate the consequences of the corporate governance changes on operational performance. Our analysis shows …
Persistent link: https://www.econbiz.de/10010225758
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
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
companies to evaluate the consequences of the corporate governance changes on operational performance. Our analysis shows …
Persistent link: https://www.econbiz.de/10010955138
Using hand-collected data on CEO appointments during shareholder activism campaigns, this study examines whether shareholder involvement in CEO recruiting affects frictions in CEO hiring decisions. The results indicate that appointments of CEOs who are recruited with shareholder activist...
Persistent link: https://www.econbiz.de/10012668370