Investor Protection and Corporate Governance

Investor Protection and Corporate Governance PDF Author: Alberto Chong
Publisher: World Bank Publications
ISBN: 0821369148
Category : Business & Economics
Languages : en
Pages : 584

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Book Description
'Investor Protection and Corporate Governance' analyzes the impact of corporate governance on firm performance and valuation. Using unique datasets gathered at the firm-level the first such data in the region and results from a homogeneous corporate governance questionnaire, the book examines corporate governance characteristics, ownership structures, dividend policies, and performance measures. The book's analysis reveals the very high levels of ownership and voting rights concentrations and monolithic governance structures in the largest samples of Latin American companies up to now, and new data emphasize the importance of specific characteristics of the investor protection regimes in several Latin American countries. By and large, those firms with better governance measures across several dimensions are granted higher valuations and thus lower cost of capital. This title will be useful to researchers, policy makers, government officials, and other professionals involved in corporate governance, economic policy, and business finance, law, and management.

Investor Protection and Corporate Governance

Investor Protection and Corporate Governance PDF Author: Alberto Chong
Publisher: World Bank Publications
ISBN: 0821369148
Category : Business & Economics
Languages : en
Pages : 584

Get Book Here

Book Description
'Investor Protection and Corporate Governance' analyzes the impact of corporate governance on firm performance and valuation. Using unique datasets gathered at the firm-level the first such data in the region and results from a homogeneous corporate governance questionnaire, the book examines corporate governance characteristics, ownership structures, dividend policies, and performance measures. The book's analysis reveals the very high levels of ownership and voting rights concentrations and monolithic governance structures in the largest samples of Latin American companies up to now, and new data emphasize the importance of specific characteristics of the investor protection regimes in several Latin American countries. By and large, those firms with better governance measures across several dimensions are granted higher valuations and thus lower cost of capital. This title will be useful to researchers, policy makers, government officials, and other professionals involved in corporate governance, economic policy, and business finance, law, and management.

The Global Financial Crisis

The Global Financial Crisis PDF Author: Dick K. Nanto
Publisher: DIANE Publishing
ISBN: 1437919847
Category : Business & Economics
Languages : en
Pages : 127

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Book Description
Contents: (1) Recent Developments and Analysis; (2) The Global Financial Crisis and U.S. Interests: Policy; Four Phases of the Global Financial Crisis; (3) New Challenges and Policy in Managing Financial Risk; (4) Origins, Contagion, and Risk; (5) Effects on Emerging Markets: Latin America; Russia and the Financial Crisis; (6) Effects on Europe and The European Response: The ¿European Framework for Action¿; The British Rescue Plan; Collapse of Iceland¿s Banking Sector; (7) Impact on Asia and the Asian Response: Asian Reserves and Their Impact; National Responses; (8) International Policy Issues: Bretton Woods II; G-20 Meetings; The International Monetary Fund; Changes in U.S. Reg¿s. and Regulatory Structure; (9) Legislation.

Complex Ownership Structures and Corporate Valuations

Complex Ownership Structures and Corporate Valuations PDF Author: Luc Laeven
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 44

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Book Description
The bulk of corporate governance theory examines the agency problems that arise from two extreme ownership structures: 100 percent small shareholders or one large, controlling owner combined with small shareholders. In this paper, we question the empirical validity of this dichotomy. In fact, one-third of publicly listed firms in Europe have multiple large owners, and the market value of firms with multiple blockholders differs from firms with a single large owner and from widely-held firms. Moreover, the relationship between corporate valuations and the distribution of cash-flow rights across multiple large owners is consistent with the predictions of recent theoretical models.

Privatisation in Developing Countries

Privatisation in Developing Countries PDF Author: Paul Cook
Publisher: Edward Elgar Publishing
ISBN:
Category : Government ownership
Languages : en
Pages : 728

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Book Description
In the last decades of the 20th century, privatization has been a key policy instrument in the move to more market-based economic systems in all parts of the developing world. Privatization, however, has not necessarily been accompanied by an increase in market competition. Many public utilities have been privatized as monopolies and in addition regulatory systems have been developed to restrict their market power and protect the interests of consumers. This volume brings together a collection of papers that provide theoretical and empirical insights into privatization and regulation, as well as policy perspectives in relation to developing countries.

Market Microstructure Theory

Market Microstructure Theory PDF Author: Maureen O'Hara
Publisher: John Wiley & Sons
ISBN: 0631207619
Category : Business & Economics
Languages : en
Pages : 310

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Book Description
Written by one of the leading authorities in market microstructure research, this book provides a comprehensive guide to the theoretical work in this important area of finance.

Ownership Structure, Related Party Transactions, and Firm Valuation

Ownership Structure, Related Party Transactions, and Firm Valuation PDF Author: Amrinder Khosa
Publisher: Cambridge University Press
ISBN: 1108492193
Category : Business & Economics
Languages : en
Pages : 193

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Book Description
Examines the effect of ownership structure and the disclosure of related party transactions on the firm valuation of group-affiliated firms in India.

Effect of Managerial Regret Aversion

Effect of Managerial Regret Aversion PDF Author: Leonard Rang’ala Lari, Judith Nyakundi, Elijah Museve, Matthew A. Asaolu, Oreoluwa I. Olaleye
Publisher: AJPO Journals USA LLC
ISBN: 9914745539
Category : Business & Economics
Languages : en
Pages : 123

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Book Description
TOPICS IN THE BOOK Determinants of Technical Inefficiency of SACCOs in Kenya: Loan Output Slack Analysis Effect of Managerial Regret Aversion on Ranking of Financing Decisions by Financial Managers of Firms Listed in NSE Relationship between the Board Characteristics and the Firm Financial Diversification (Geographic Sales) Among Listed Firms on Nairobi Securities Exchange, Kenya: Static Panel Approach Debt Capacity and Financial Performance of Quoted Firms in Nigeria Effect of Liquidity Management on Profitability of Commercial Banks in Nigeria

Corporate Governance and Board Decisions

Corporate Governance and Board Decisions PDF Author: Steen Thomsen
Publisher: Djøf Forlag
ISBN: 8771983058
Category : Business & Economics
Languages : en
Pages : 417

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Book Description
Corporate Governance and Board Decisions takes the reader on an exciting journey through the principles and practice of corporate governance. Written by two internationally respected experts, this book explains how corporate governance contributes to value creation for both business and society, and how transparency, checks and balances, incentive alignment, and stewardship are essential when trying to reduce decision errors and opportunism. This advanced introduction is aimed at master’s level courses in corporate governance. It addresses students who wish to understand both corporate governance and the directors who practice it. It combines academic rigor with practical recommendations in an informal style. Corporate Governance and Board Decisions is a thoroughly revised and updated replacement of Corporate Governance: Mechanisms and Systems (2012).

Political Determinants of Corporate Governance

Political Determinants of Corporate Governance PDF Author: Mark J. Roe
Publisher: Oxford University Press, USA
ISBN: 9780199205301
Category : Business & Economics
Languages : en
Pages : 260

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Book Description
In a painstaking analysis, Roe (law, Harvard Law School) examines the impact of a nation's strong social policies on the corporate governance, suggesting that stronger social policies can cause an American style of diffuse ownership among shareholders to fail. The link between social policies and corporate governance is examined statistically for a large number of countries, and in case studies for seven: Italy, Germany, Sweden, the UK, France, Japan, and the US. Product markets, securities markets, and the ability of corporate and economic structures to induce a political backlash are discussed. Annotation (c)2003 Book News, Inc., Portland, OR (booknews.com).

The Modern Corporation and Private Property

The Modern Corporation and Private Property PDF Author: Adolf Augustus Berle
Publisher:
ISBN:
Category : Corporation law
Languages : en
Pages : 396

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Book Description