WebFeb 19, 2010 · We investigate the empirical relation between corporate governance and stock market liquidity. We find that firms with better corporate governance have narrower spreads, higher market quality index, smaller price impact of trades, and lower probability of information-based trading. WebAls Corporate Governance kann nicht nur das gesamte System der internen und externen Kontroll- und Überwachungsmechanismen eines Unternehmens bezeichnet werden, sondern auch die aktive Gestaltung der Unternehmenskontrolle durch die Aktionäre. Ziel dieser Aktivitäten ist i. d. R. die Renditeverbesserung der verwalteten Vermögen.
Blocks, Liquidity, and Corporate Control Columbia Business …
WebFeb 1, 2024 · On the basis of the theory developed by Daniel, Hirshleifer, and Subrahmanyam (DHS) (1998), this study examines the influence of information disclosure rating on continuing overreaction and the role and effects of information disclosure rating in emerging markets. WebFeb 1, 1998 · From the viewpoint of a company's controlling shareholder, the optimal ownership structure generally involves some measure of dispersion, to avoid … farm tech supplies alton
Blocks, liquidity and corporate control - Research Papers in …
WebThe positive impact of multiple blockholders on earnings management is more pronounced when those blockholders are the same type – state or private. Earnings management is also enhanced with more large shareholders and higher relative ownership of other large shareholders to the controlling shareholder. WebIn cross-sectional analysis, we find that the impact of multiple large shareholders on bond yield spreads only exists in subsamples with severe agency costs, high default risk, and poor information asymmetry, indicating that multiple large shareholders (MLS) reduce corporate bond yield spreads by disciplining the expropriation of controlling … Webdressed is how to reconcile the liquidity benefits obtained through dispersed corporate ownership with control of management, which is effective only with sorne degree of ownership concentration. One option is for a firm to create and maintain a controlling block, thus licniting ownership dispersion. Another is to seek maxinnrrn ownership farm tech supplies buildings