bank licensing and corporate governance

... accounting performance and CEO turnover include Weisbach (1988), Murphy and Zimmerman (1993), Lehn and Makhija (1997), and DeFond and Park (1999), while Blackwell, Brickley, and Weisbach (1994) ... markets, and high protection of minority shareholder rights) and low in France and Germany (code law, extensive use of banks, and low protection of minority shareholder rights) Lastly, Ali and Hwang ... their framework, corporate transparency has three main elements: 1) corporate reporting (voluntary and mandatory), 2) information dissemination via the media and Internet channels, and 3) private...

Ngày tải lên: 17/02/2014, 09:20

Ngày tải lên: 03/06/2014, 01:09

... People’s Bank of China SOBs: State-owned banks Big Four: Big four state-owned banks BOC: Bank of China CCB: China Construction Bank ICBC: Industrial and Commercial Bank of China ABC: Agriculture Bank ... Commerce BID: Branding-inherent Demand SAR: Spatial Autoregressive SMA: Spatial Moving Average Bond: Bond’s Franchise Guide Incomplete Contracts and Corporate Governance: Theory and Evidence ... essential element of corporate governance, which has been raised by Coase (1937) and more recently developed by Jensen and Meckling (1976), Fama and Jensen (1983a, b), Williamson (1985), and Tirole (2006)...

Ngày tải lên: 03/06/2014, 02:02

... Finance and Accounting, the Journal of Corporate Finance and the Journal of Banking and Finance Terry Walter Terry Walter is a Professor of Finance and Head of School in the School of Banking and ... takeovers, clustering and governance aspects • Chapters & • Holmstrom, B and S Kaplan, Corporate governance and merger activity in the United States: making sense of the 1980s and 1990s’, Journal ... on corporate takeovers, other forms of corporate restructurings and governance It includes a complete, yet concise synthesis of the recent available literature on takeovers, restructuring and corporate...

Ngày tải lên: 20/06/2014, 14:20

... managerial control and the governance of companies on the Brussels Stock Exchange", Journal of Banking and Finance, Vol 24, pp 1959-1995 ROMANO, Roberta (1996): Corporate law and corporate governance , ... information and corporate governance , Journal of Accounting and Economics, Vol 32, December, pp 237-333 CHEN, En-Te e John Nowland (2007): "Asian family-owned companies: optimal board governance and ... AND CORPORATE GOVERNANCE: THE PORTUGUESE COMPANIES EVIDENCE ABSTRACT The main objective of this paper is to analyze the relationship between the composition and characteristics of corporate governance...

Ngày tải lên: 02/01/2015, 17:33

... Journal of Corporate Finance (2003) 295–316 305 corporate, finance, commercial banking, investment banking, legal, and blockholder directors Table shows these percentages Most notably, corporate ... understatement problem, Perry and Williams (1994) and Wu (1997) (using larger sample sizes and more powerful methodologies), In takeover or merger settings, Easterwood (1997) and Erickson and Wang (1999) have ... outside directors has a significant and positive correlation with number of board meetings and corporate directors and market value of equity The percentage of corporate directors is significantly...

Ngày tải lên: 02/01/2015, 17:34

... NO * JULY 1988 Corporate Finance and Corporate Governance OLIVER E WILLIAMSON* ABSTRACT A combined treatment of corporate finance and corporate governance is herein proposed Debt and equity are ... 58] and by Klein, Crawford ,and Alchian [38] The appearanceof the "classic capitalist firm" and its financing was explicated by Alchian and Demsetz [12] and Jensen and Meckling [30] The Jensen and ... incentives and (2) craft governancestructuresthat fill gaps, correct errors ,and adapt more effectively to unanticipateddisturbances.Prospectiveincentive and governanceneeds will thus be anticipated and...

Ngày tải lên: 06/01/2015, 19:47

... managerial control and the governance of companies on the Brussels Stock Exchange", Journal of Banking and Finance, Vol 24, pp 1959-1995 ROMANO, Roberta (1996): Corporate law and corporate governance , ... information and corporate governance , Journal of Accounting and Economics, Vol 32, December, pp 237-333 CHEN, En-Te e John Nowland (2007): "Asian family-owned companies: optimal board governance and ... AND CORPORATE GOVERNANCE: THE PORTUGUESE COMPANIES EVIDENCE ABSTRACT The main objective of this paper is to analyze the relationship between the composition and characteristics of corporate governance...

Ngày tải lên: 06/01/2015, 19:49

... application of the corporate valuation model to all corporate decisions and strategic initiatives  The objective of VBM is to increase Market Value Added (MVA) 15 - 26 MVA and the Four Value ... reported on balance sheets 15 - Total Corporate Value  Total corporate value is sum of: Value of operations Value of nonoperating assets 15 - Claims on Corporate Value  Debtholders have first ... and/ or improving profitability  The expected ROIC of Division B is greater than the WACC, so the division should continue with its growth plans 15 - 39 Two Primary Mechanisms of Corporate Governance...

Ngày tải lên: 06/04/2015, 19:41

... research in corporate governance need not begin and end with agency theory and other accepted governance models 2.2 THE MAJOR RESEARCH TRENDS IN LEGAL THEORIES ON CORPORATION AND CORPORATE GOVERNANCE ... literature, discussion and conclusion Each chapter stands on its own and can be read separately without loss of understanding Chapter CHAPTER LEGAL THEORIES AND MODELS OF CORPORATE GOVERNANCE 2.1 INTRODUCTION ... theoretical application of legal theories and models of corporation and corporate governance and provide empirical evidence to the importance of litigation in corporate governance Each essay constitutes...

Ngày tải lên: 12/09/2015, 10:54

... of corporate governance in the UK and reviews the literature on earnings management and corporate governance Chapter develops the hypotheses to be tested Chapter discusses the data sources and ... shareholders There are four basic corporate governance mechanisms which are identified by 14 Chapter Literature Review and Corporate Governance in the UK Jensen (1993): legal and regulatory mechanism, ... of inside directors, and combining the roles of CEO and Chairman in one person 16 Chapter Literature Review and Corporate Governance in the UK The results of Beasley (1996) and Dechow et al (1996)...

Ngày tải lên: 05/10/2015, 19:01

... incentives, and capabilities to monitor powerful firms and banks (Becker, 1968; Becker and Stigler; 1974) From this perspective a powerful supervisory agency will enhance corporate governance of banks, ... Lopez-de-Silanes, F., Shleifer, A and R Vishny 2000 “Investor Protection and Corporate Governance, ” Journal of Financial Economics 57, 3-26 Levine, R and S Zervos 1998 "Stock Markets, Banks, and Economic Growth," ... suggests that bank supervisory strategies should (1) focus on enhancing the ability and incentives of private agents to overcome informational barriers and exert corporate control over banks and (2)...

Ngày tải lên: 22/04/2016, 07:59

... Assets Part 1: The Link between Taxation and Corporate Governance The Link between Taxation and Corporate Governance The Link between Taxation and Corporate Governance Dave Hartnett When thirty five ... Taxation and Corporate Governance – The State of the Art Taxation and Corporate Governance – The State of the Art 357 Arne Friese, Simon Link and Stefan Mayer List of Authors Krister Andersson ... member of several listed and non-listed companies and is Finnish delegate in OECD Steering Group of Corporate Governance and OECD Working Group of Privatisation and Corporate Governance of State-Owned...

Ngày tải lên: 13/10/2016, 11:47

... implementation of standards that expand managerial discretion and highlight the importance of corporate boards in the monitoring of discretion allowed by such standards v To my mother, Necla Güler, and my ... directors, and separation of CEO and Chair titles iv Additionally, I find that during the period leading up to the SFAS 142 write-off, there have been more favorable changes in corporate governance ... Ưzhan Güler, and other members of my family for their inspiration and support I thank my committee chair, Dr Anwer Ahmed, and my committee members, Dr Linda Myers, Dr Dudley Poston, and Dr Michael...

Ngày tải lên: 10/12/2016, 17:14

... and Michael H I GEERT HOFSTEDE DIFFERENCE II HOFSTEDE III CRITIQUE AND THE Corporate Governance Lubetsky* MEASUREMENT OF CULTURAL 190 COMPARATIVE CORPORATE GOVERNANCE BUCK & SHAHRIM'S MODEL AND ... DIFFERENCE HOFSTEDE AND AND CORPORATE GOVERNANCE 193 COMPARATIVE CORPORATE GOVERNANCE decade, surprisingly few scholars attempted to use to explain the international diversity of corporate perhaps ... 2008] CULTURAL DIFFERENCE AND ]_95 CORPORATE GOVERNANCE of comparative corporate governance Licht presented both Hofstede's and Schwartz's cultural measurement frameworks and hypothesized about...

Ngày tải lên: 02/03/2017, 21:07

Ngày tải lên: 07/03/2018, 09:22

... Business Competition, Standards Boards and Corporate Accounting New Rules of Competition and Accounting Standards The International Accounting Standards Board and Corporate Governance Introduction ... Accounting Standards Board and Corporate Governance 27 This page intentionally left blank 28 IFRS, Fair Value and Corporate Governance Introduction The history of the International Accounting Standards ... in corporate governance Accounting standards and corporate governance: a case study in insurance xi xv 10 14 18 22 27 29 31 34 36 40 44 48 51 Dynamics of International Financial Reporting Standards...

Ngày tải lên: 06/04/2018, 11:55

... Kenneth and Sullivan, Richard J., 2007, "Corporate Governance and Bank Performance," Working paper, Federal Reserve Bank of Kansas Vernikov A., 2007, Corporate Governance and Control in Russian Banks, ... Corporate Governance Index Average Russia I Commitment to Corporate Governance Code of corporate conduct Disclosure of corporate governance practices Corporate governance committee or corporate governance ... between ownership, corporate governance and operating performance in banks using a sample of 50 banks in Ukraine surveyed in 2004 and 107 banks in Russia surveyed in 2003 and 2006 We find some...

Ngày tải lên: 02/01/2015, 17:33

... Kenneth and Sullivan, Richard J., 2007, "Corporate Governance and Bank Performance," Working paper, Federal Reserve Bank of Kansas Vernikov A., 2007, Corporate Governance and Control in Russian Banks, ... Corporate Governance Index Average Russia I Commitment to Corporate Governance Code of corporate conduct Disclosure of corporate governance practices Corporate governance committee or corporate governance ... between ownership, corporate governance and operating performance in banks using a sample of 50 banks in Ukraine surveyed in 2004 and 107 banks in Russia surveyed in 2003 and 2006 We find some...

Ngày tải lên: 06/01/2015, 19:47