Expropriation Risk by Block Holders, Institutional Quality and Expected Stock Returns
Title | Expropriation Risk by Block Holders, Institutional Quality and Expected Stock Returns PDF eBook |
Author | Bruce Allen Hearn |
Publisher | |
Pages | 63 |
Release | 2017 |
Genre | |
ISBN |
We study the asset pricing implications arising from imperfect investor protection using a new governance measure. This is defined as the product of institutional quality in a country and the proportion of free float shares, which captures the impact of controlling block holders. Using monthly returns of 4,756 blue chip firms from 50 international equity markets for 13 years, we show through tests of variants of the augmented-CAPM, that a two factor CAPM augmented with a factor mimicking portfolio based on our new investor protection metric yields the highest explanatory power, especially for markets that exhibit true variation in ownership types.
The Global Financial Crisis
Title | The Global Financial Crisis PDF eBook |
Author | Dick K. Nanto |
Publisher | DIANE Publishing |
Pages | 127 |
Release | 2009 |
Genre | Business & Economics |
ISBN | 1437919847 |
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.
The Cross-section of Stock Returns
Title | The Cross-section of Stock Returns PDF eBook |
Author | Stijn Claessens |
Publisher | World Bank Publications |
Pages | 28 |
Release | 1995 |
Genre | Rate of return |
ISBN |
The Handbook of the Economics of Corporate Governance
Title | The Handbook of the Economics of Corporate Governance PDF eBook |
Author | Benjamin Hermalin |
Publisher | Elsevier |
Pages | 762 |
Release | 2017-09-18 |
Genre | Business & Economics |
ISBN | 0444635408 |
The Handbook of the Economics of Corporate Governance, Volume One, covers all issues important to economists. It is organized around fundamental principles, whereas multidisciplinary books on corporate governance often concentrate on specific topics. Specific topics include Relevant Theory and Methods, Organizational Economic Models as They Pertain to Governance, Managerial Career Concerns, Assessment & Monitoring, and Signal Jamming, The Institutions and Practice of Governance, The Law and Economics of Governance, Takeovers, Buyouts, and the Market for Control, Executive Compensation, Dominant Shareholders, and more. Providing excellent overviews and summaries of extant research, this book presents advanced students in graduate programs with details and perspectives that other books overlook. - Concentrates on underlying principles that change little, even as the empirical literature moves on - Helps readers see corporate governance systems as interrelated or even intertwined external (country-level) and internal (firm-level) forces - Reviews the methodological tools of the field (theory and empirical), the most relevant models, and the field's substantive findings, all of which help point the way forward
The Impact of Political Risk on the Volatility of Stock Returns : the Case of Canada
Title | The Impact of Political Risk on the Volatility of Stock Returns : the Case of Canada PDF eBook |
Author | Cosset, Jean-Claude |
Publisher | Québec : Faculté des sciences de l'administration de l'Université Laval, Direction de la recherche |
Pages | 34 |
Release | 2003 |
Genre | |
ISBN | 9782895241652 |
Capitalizing China
Title | Capitalizing China PDF eBook |
Author | Joseph P. H. Fan |
Publisher | University of Chicago Press |
Pages | 401 |
Release | 2013 |
Genre | Business & Economics |
ISBN | 0226237249 |
La 4e de couverture indique : "Despite a vast accumulation of private capital, China is not embracing capitalism. Deceptively familiar capitalist features disguise the profoundly unfamiliar foundations of "market socialism with Chinese characteristics." The Chinese Communist Party (CCP), by controlling the career advancement of all senior personnel in all regulatory agencies, all state-owned enterprises (SOEs), and virtually all major financial institutions state-owned enterprises (SOEs), and senior Party positions in all but the smallest non-SOE enterprises, retains sole possession of Lenin's Commanding Heights. The chapters in this volume examine China's high savings rate, banking system, financial markets, financial regulations, corporate governance, and public finances; and consider policy alternatives the CCP might consider if its goal is China's elevation into the ranks of high income countries."
Hedge Fund Activism
Title | Hedge Fund Activism PDF eBook |
Author | Alon Brav |
Publisher | Now Publishers Inc |
Pages | 76 |
Release | 2010 |
Genre | Business & Economics |
ISBN | 1601983387 |
Hedge Fund Activism begins with a brief outline of the research literature and describes datasets on hedge fund activism.