Kooperativer Bibliotheksverbund

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Format: 1 online resource (viii, 207 p.).

ISBN: 9781849501613 (electronic bk.) :

Series Statement: Advances in financial economics, v. 7

Content: This volume focuses on recent pricing puzzles in investments. The valuation of Internet companies, effects of firm size in takeover studies, and long-run performance of mergers in the telecommunications industry are all seen as riddles for the Efficient Markets Hypothesis. Explanations may be found in studies of the effects of differences in investor risk/return preferences, information and liquidity. Also featured are studies describing recent innovations in corporate finance, such as an experimental study of discount rates, an analysis of issues related to the estimation of internal cash flows, corporate payout policy, and the use of convertible and warrant bonds by Japanese firms.

Note: Valuation of Internet companies : a survey of the evidence / Pim Jansen, Enrico Perotti -- Capital market efficiency and its implications for the investor : a case of a superior product mismarketed / John F. Gaski -- How different is the long-run performance of mergers in the telecommunications industry? / Stephen P. Ferris, Kwangwoo Park -- Takeover studies : take note of the size and the age of firms in your sample / Vijay Gondhalekar -- Dividend smoothing and the cross-sectional determinants of corporate payout policy / Gurmeet S. Bhabra, Jinho Jeong, John G. Powell -- The usage of convertible and warrant bonds by Japanese firms : risk-shifting or the delayed issuance of equity? / Stephen P. Ferris, Hoje Jo, John M. Pinkerton, Atulya Sarin -- Decisions in financial economics : an experimental study of discount rates / Uri Benzion, Joseph Yagil -- Institutional ownership, information and liquidity / William W. Jennings, Karen Schnatterly, Paul J. Seguin -- Internal cash flows and corporate investment decisions / Raj Aggarwal, Sijing Zong -- Preferences on relative return : a potential explanation for some pricing anomalies / Beni Lauterbach, Haim Reisman.

Additional Edition: ISBN 9780762308972

Language: English

URL: https://www.emerald.com/insight/publication/doi/10.1016/S1569-3732(2002)7

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Format: 1 online resource (viii, 193 p.) : , ill.

Edition: 1st ed.

ISBN: 9781849502146 (electronic bk.) :

Series Statement: Advances in financial economics, v. 8

Content: Papers in this volume focus upon corporate governance, broadly defined as the system of controls that helps the corporation effectively manage, administer and direct economic resources. Questions of what and how to produce become equally important as organizations strive to better serve demanding customers. As a result, the design and control of effective organizations structure has been described by the vertical and horizontal relationships among the firm, its customers and suppliers. More recently, researchers have come to understand that the efficiency of firms depends upon the ability of participants to find effective means to minimize the transaction costs of coordinating productive activity. As financial economists have learned, resource allocation will be efficient so long as transaction costs remain low and property rights can be freely assigned and exchanged. An important problem that must be addressed is the so-called agency problem resulting from the natural conflict between owners and managers. Agency costs are the explicit and implicit transaction costs necessary to overcome the natural divergence of interest between agent managers and principal stockholders. The value-maximizing organization design minimizes unproductive conflict within the firm. Papers in this volume show how corporate control mechanisms inside and outside the firm have evolved to allocate decision authority to that person or organization best able to perform a given task.

Note: Bank monitoring, firm performance, and top management turnover in Japan / Christopher W. Anderson, Terry L. Campbell, Narayanan Jayaraman, Gershon N. Mandelker -- Ownership structure and shareholder voting on board structure changes / Teresa A. John, Gopala K. Vasudevan -- Did earnings management contribute to the overvaluation of Enron's stock? / John D. Martin, Akin Sayrak -- Operational risk in financial service providers and the proposed Basel Capital Accord : an overview / Jeffry M. Netter, Annette B. Poulsen -- Auditor resignations, litigation risk and litigation experience / Susan Scholz -- Corporate governance in Singapore : the impact of directors' equity ownership / Gurmeet S. Bhabra, Stephen P. Ferris, Nilanjan Sen, Peng Peck Yen -- Method-of-payment choice for international targets / Kathleen P. Fuller, Michael B. Glatzer -- Organization structure and corporate governance : a survey / Mark Hirschey.

Additional Edition: ISBN 9780762310272

Language: English

Keywords: Aufsatzsammlung

URL: https://www.emerald.com/insight/publication/doi/10.1016/S1569-3732(2003)8

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Format: 1 online resource (viii, 385 p.).

ISBN: 9781849502894 (electronic bk.) :

Series Statement: Advances in financial economics, v. 9

Content: This volume contains fourteen research papers with theoretical and empirical treatment of important financial aspects of corporate governance. The papers cover major corporate governance issues such as the role of the board of directors, ownership structure, ownership concentration, and the influence of outside blockholders. Another salient feature of this collection is that it offers substantial international evidence, including that from the United States of America, Australia, Germany, Saudi Arabia, China, India, and Malaysia.

Note: Related party transactions and corporate governance / Elizabeth A. Gordon, Elaine Henry, Darius Palia -- Does corporate governance matter in the market response to merger announcements? Evidence from the U.S. and Germany / Paul Lowengrub, Torsten Luedecke, Michael Melvin -- Clientelism, debt service and governance / Victor Vaugirard -- Ownership patterns and the Saudi market / Waleed Alajlan -- Dividend payment and ownership structure in China / Jim Gang Wei, Weiguo Zhang, Jason ZeZhong Xiao -- What determines corporate ownership concentration around the world? / Baozhi Qu -- Resolving corporate governance problems in executive stock option grants / Paul Dawson -- Behavioural aspects of corporate governance / Oliver Marnet -- On the monitoring role of the board of directors : the case of the adoption of Cadbury recommendations in the U.K. / M.Ameziane Lasfer -- Corporate governance characteristics of firms that issue preferred stock / John S. Howe, Hongbok Lee -- Does monetary policy matter for corporate governance? Firm-level evidence from India / Saibal Ghosh, Rudra Sensarma -- Corporate governance and ownership structure in the Malaysian corporate sector / Fazilah Abdul Samad -- Australian corporate casualities / Bonnie Buchanan -- Do outside blockholders influence corporate governance practices? / Sarah W. Peck.

Additional Edition: ISBN 9780762311330

Language: English

URL: https://www.emerald.com/insight/publication/doi/10.1016/S1569-3732(2004)9

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Format: 1 online resource (viii, 259 p.).

ISBN: 9781848555372 (electronic bk.) :

Series Statement: Advances in financial economics, v. 13

Content: While Advances continues to publish papers from any area of Finance, the focus of this issue is on corporate governance, broadly defined as the system of controls that helps corporations and other organizations effectively manage, administer, and direct economic resources. Included in the volume are papers focusing on: the impact of deregulation and corporate structure on productive efficiency; the effectiveness of the fraud triangle and SAS; board monitoring and access to debt financing; institutional investors; and managerial stability and payout policy.

Note: The impact of deregulation and corporate structure on productive efficiency : the case of the U.S. electric utility industry, 1990-2004 / Mika Goto, Anil K. Makhija -- Board monitoring and access to debt financing / Zhenyu Wu, Jess Chua -- Institutional investors and director remuneration : do political connections matter? / Effiezal Aswadi Abdul Wahab, Rashidah Abdul Rahman -- Legal institutions, democracy and financial sector development / Mihail Miletkov, M. Babajide Wintoki -- On the role of institutional investors in corporate governance : evidence from voting of mutual funds in Israel / Yaron Amzaleg, Uri Ben-Zion, Ahron Rosenfeld -- Does corporate governance matter? Korean banks in the postfinancial crisis era / Sungho Choi, Iftekhar Hasan, Maya Waisman -- Managerial stability and payout policy : does state regulation matter? / Liang Song, Haizhi Wang -- Implications of cash hoarding for shareholders / Derek Oler, Marc Picconi -- Detecting and predicting financial statement fraud : the effectiveness of the fraud triangle and SAS no. 99 / Christopher J. Skousen, Kevin R. Smith, Charlotte J. Wright -- Management views on corporate governance and firm performance / H. Kent Baker, Gary E. Powell.

Additional Edition: ISBN 9781848555365

Language: English

URL: https://www.emerald.com/insight/publication/doi/10.1108/S1569-3732(2009)13

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UID:

Format: 1 online resource (viii, 252 p.).

ISBN: 9781849503334 (electronic bk.) :

Series Statement: Advances in financial economics, v. 11

Content: Papers in this volume focus on corporate governance broadly defined as the system of control that helps corporations effectively manage, administer, and direct economic resources. Questions of what and how to produce become equally important as organizations strive to better serve demanding customers. As a result, the design and control of effective organizations have become an integral part of financial economics. Traditionally, organization structure has been described by the vertical and horizontal relationships among the firm, its customers and suppliers. More recently, researchers have come to understand that the efficiency of firms depends upon the ability of participants to find effective means to minimize the transaction costs of coordinating productive activity. As financial economists have learned, resource allocation will be efficient so long as transaction costs remain low and property rights can be freely assigned and exchanged. An important problem that must be addressed is the so-called agency problem resulting from the natural conflict between owners and managers. Agency costs are the explicit and implicit transaction costs necessary to overcome the natural divergence of interest between agent managers and principal stockholders. The value-maximizing organization design minimizes unproductive conflict within the firm. Papers in this volume show how corporate control mechanisms inside and outside the firm have evolved around the world to allocate decision authority to that person or organization best able to perform a given task.

Note: Foreign ownership and firm value : evidence from Japan / Stephen P. Ferris, Kwangwoo Park -- The impact of regulatory change on insider trading profitability : some early evidence from New Zealand / Aaron Gilbert, Alireza Tourani-Rad, Tomasz Piotr Wisniewski -- Corporate governance mechanisms in action : the case of Air Canada / Sean M. Hennessey -- Further evidence on institutional ownership and corporate value / William W. Jennings -- The two dimensions of corporate governance independence / Karim S. Rebeiz -- Legal features of traded securities and high price volatility / Nidal Rashid Sabri -- Corporate governance and firms value in emerging markets : the case of Jordan / Ritab Al-Khouri -- Reforms in corporate governance in Asia after the financial crisis / Helen Cabalu -- China's institutional environment and corporate governance / Jean Jinghan Chen -- Legal issues of enforcement for corporate governance in Vietnam : constraints and recommendations / Bui Trong Dan.

Additional Edition: ISBN 9780762311873

Language: English

URL: https://www.emerald.com/insight/publication/doi/10.1016/S1569-3732(2005)11

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Format: 1 online resource (xi, 498 p.).

ISBN: 9781849504614 (electronic bk.) :

Series Statement: Advances in financial economics, v. 12

Content: While Advances continues to publish papers from any area of Finance, the focus of this issue is on corporate governance, broadly defined as the system of controls that helps corporations and other organizations effectively manage, administer, and direct economic resources. Papers of this title deal with the role played by boards of directors, impact of ownership, executive compensation, and investor protection. Other papers deal with stock repurchases, default, banking, financial sector development, and the Asian financial crisis. Papers cover a wide range of international experience, including evidence from the U.S., Japan, Israel, Malaysia, China, and New Zealand. Papers cover a wide range of international experience with this issue focusing on corporate governance. This book series is available electronically at website.

Note: Corporate downsizing and CEO compensation / Alexandros P. Prezas, Murat Tarimcilar, Gopala K. Vasudevan -- The external monitoring bodies' view of the board independence in the new public family firms / Imants Paeglis, Dogan Tirtiroglu -- Ownership structure, financial rent and performance : evidence from the Malaysian manufacturing sector / Ei Yet Chu -- Board of director configurations in mutual fund sponsors : early evidence of board-level performance / Scott Besley, Steve P. Fraser, Christos Pantzalis -- Expropriation, weak corporate governance and post-IPO performance : Chinese evidence / Peng Cheng, Jean Jinghan Chen, Xinrong Xiao -- Market-value-maximizing ownership structure when investor protection is weak / Beni Lauterbach, Efrat Tolkowsky -- Black-Scholes-Merton, liquidity, and the valuation of executive stock options / Don M. Chance, Tung-Hsiao Yang -- Managerial power in the design of executive compensation : evidence from Japan / Stephen P. Ferris, Kenneth A. Kim, Pattanaporn Kitsabunnarat, Takeshi Nishikawa -- Unobserved heterogeneity and the term-structure of default / Koresh Galil -- Financial sector development and sustainable economic growth in regionally co-integrated emerging markets / Ritab S. Al-Khouri -- The long-term risk effects of the Gramm-Leach-Bliley Act (GLBA) on the financial services industry / Vijay Gondhalekar, C.R. Narayanaswamy, Sridhar Sundaram -- How do small firms in developing countries raise capital? Evidence from a large-scale survey of Kenyan micro and small-scale enterprises / Christopher J. Green, Peter Kimuyu, Ronny Manos, Victor Murinde -- United States venture capital financial contracting : foreign securities / Douglas J. Cumming -- Operational hedges and foreign-exchange exposure : the experience of U.S. MNC's during the Asian financial crisis / Bill Francis, Iftekhar Hasan, Christos Pantzalis -- Share repurchases in New Zealand / Hardjo Koerniadi, Ming-Hua Liu, Alireza Tourani-Rad -- Corporate governance and performance of banking firms : evidence from Asian emerging markets / Abdul Hadi Zulkafli, Fazilah Abdul Samad -- On the duty of care of institutional investors : evidence on participation of mutual fund managers in shareholder meetings in Israel / Amzaleg Yaron, Ben-Zion Uri, Rosenfeld Ahron -- Good managers invest more and pay less dividends : a model of dividend policy / Nalinaksha Bhattacharyya.

Additional Edition: ISBN 9780762313730

Language: English

URL: https://www.emerald.com/insight/publication/doi/10.1016/S1569-3732(2007)12

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Format: 1 online resource (290 p.)

Edition: 1st edition

ISBN: 1-281-00526-6 , 9786611005269 , 0-08-049233-9

Content: The contribution of research and development to a company's market value has grown considerably in recent years. In the mid-1970s, accountants were able to capture on their ledgers 90-95% of a firm's book value, but by 2000 the importance of intangible assets had grown to the point where they could account for only 13-15%. Financial economists and accountants have investigated the link between a firm's market value and its R&D spending, and various factions advocate a variety of positions on the amount and rate of investment, investors' ability to capture returns on that investment, and ways

Note: Description based upon print version of record. , Front Cover; TECH STOCK VALUATION; Copyright Page; CONTENTS; ACKNOWLEDGMENTS; PREFACE; Chapter 1. The Tech Bubble; I. The Nifty 50; II. NASDAQ 100 as the New Nifty 50; III. As Technology Goes, So Goes the NASDAQ 100; IV. How High is Up?; V. Conclusion; VI. References; Chapter 2. What Caused the Tech Bubble?; I. Efficient Market Hypothesis; II. The Time Series of Stock Prices; III. Daily Returns; IV. Random Walk Concept; V. Random Walk Research; VI. Stock Market Bubbles; VII. Stockholders and the Agency Problem; VIII. Risk Management Problems; IX. Investment Horizon Problems , X. Accounting Information ProblemsXI. Stock Fraud; XII. Fraud on the Internet; XIII. Conclusion; XIV. References; Chapter 3. Investment Advice on the Internet; I. Buy-Sell Recommendation Research; II. Investment Information on the Internet; III. The Motley Fool (TMF); IV. TMF's Rule Breaker Portfolio; V. Other TMF Portfolios; VI. Methodology; VII. All Portfolio Returns; VIII. Individual Portfolio Returns; IX. Conclusion; X. References; Chapter 4. A Dissertation on Tulips and America Online; I. How Much is a Tulip Worth?; II. The Tulip Mania; III. Estimating 17th Century Tulip Prices , IV. Psychology of ManiasV. The Late-1990s Internet Stock Mania; VI. AOL as a Growth Stock; VII. AOL Risk Assessment; VIII. AOL Growth Expectations; IX. AOL Valuation as a Growth Stock; X. AOL as a Value Stock; XI. AOL Customer Value; XII. Private-Market Value; XIII. Value of AOL-Time Warner; XIV. Conclusion; XV. References; Chapter 5. The Crash of 2000-2002 and Imminent Rebound; I. Mean Reversion in Business Profits; II. Business Cycles vs. Market Cycles; III. Return Reversal in the S&P 500 and the NASDAQ; IV. Nonoverlapping Period Analysis , V. Return Reversal or Simply Regression to the Mean?VI. Overreaction Hypothesis; VII. What About the Japanese Experience?; VIII. Conclusion; IX. References; Chapter 6. Stock-Price Effects of Research and Development Expenditures; I. R&D as a Source of Intangible Capital; II. Corporate Governance, R&D, and R&D Effectiveness; III. R&D Spending by Industry Group; IV. Corporate leaders in R&D Spending; V. Measuring R&D Capital Using Tobin's q Ratio; VI. The Sample; VII. Effects of R&D on Tobin's q; VIII. Firm Size Effects; IX. Institutional Ownership and R&D Effectiveness; X. Conclusion , XI. ReferencesChapter .7 Valuation Effects of Patent Quality; I. Usefulnesness of Nonfinancial Information; II. Questions about Long-Term Benefits of R&D; III. Patent Statistics; IV. Patent Citations; V. Scientific Merit of Patents; VI. Data; VII. Methodology; VIII. Stock-Price Effects of Patent Quality: U.S. Companies; IX. U.S. Companies: Effects of Size and Growth Opportunities; X. Patent Quality in Japan Versus the United States; XI. Valuation Effects of Patent Quality for Japanese Companies; XII. Conclusion; XIII. References; Chapter 8. Goodwill Write-Off Decisions: Do They Matter? , I. Goodwill , English

Additional Edition: ISBN 0-12-349704-3

Language: English

UID:

Format: XVII, 271 S. : , graph. Darst.

ISBN: 978-0-12-349704-8 , 0-12-349704-3

Language: English

Subjects: Economics

Keywords: Unternehmensbewertung ; Investitionsverhalten ; Wirtschaftspsychologie ; Spitzentechnologie ; Industrie ; Unternehmensbewertung ; Aktienbewertung ; Anlageverhalten ; Überreaktionseffekt

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URL: Inhaltsverzeichnis

URL: http://www.loc.gov/catdir/description/els031/2003105616.html

URL: http://www.loc.gov/catdir/toc/els031/2003105616.html

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Format: XXI, 779 S. , graph. Darst.

Edition: European ed.

ISBN: 0030990025

Language: English

Keywords: Marktwirtschaft ; Wirtschaftslenkung ; Betriebswirtschaftslehre ; Management ; Mikroökonomie ; Volkswirtschaftslehre ; Management ; Business economics ; Lehrbuch

UID:

Format: 1 Online-Ressource (viii, 221 Seiten)

ISBN: 9781849500746

Series Statement: Advances in financial economics

Content: On the existence of sub-standard security markets: the IPOs of blinder-robinson (J.S. Ang, S.L. Brown). Is managerial equity ownership an alternative governance mechanism for Japanese firms? (S.P. Ferris, K.A. Kim, P. Kitsabunnarat). The influence of managerial reputation on dividend smoothing (K.P. Fuller). Effects of harmful environmental events on reputation of firms (K. Jones, P.H. Rubin). Executive compensation and executive contributions to corporate PACS (K.A. Farrell, P.L. Hersch, J.M. Netter). The wealth effects of board composition and ownership structure in international acquisitions (S. Sundaram, I. Chhachii, S. Rosenstein). Corporate bankruptcy, private creditors, and the market for corporate control (M.B. Slovin, M.E. Sushka, E.R. Waller). The role of federal law enforcement actions in coroporate governance (M. Hirschey, E. Jones). Empirical evidence on determinants of capital structure (T. Jandik, A.K. Makhija)

Note: On the existence of sub-standard security markets : the IPOs of Blinder-Robinson / James S. Ang, Stewart L. Brown -- The role of federal law enforcement actions in corporate governance / Mark Hirschey, Elaine Jones -- Empirical evidence on determinants of capital structure / Tomas Jandik, Anil K. Makhija -- Effects of harmful environmental events on reputations of firms / Kari Jones, Paul H. Rubin -- Corporate bankruptcy, private creditors, and the market for corporate control / Myron B. Slovin, Marie E. Sushka, Edward R. Waller -- The wealth effects of board composition and ownership structure in international acquisitions / Sridhar Sundaram, Indudeep Chhachhi, Stuart Rosenstein -- Executive compensation and executive contributions to corporate PACS / Kathleen A. Farrell, Philip L. Hersch, Jeffry M. Netter -- Is managerial equity ownership an alternative governance mechanism for Japanese firms? / Stephen P. Ferris, Kenneth A. Kim, Pattanaporn Kitsabunnarat -- The influence of managerial reputation on dividend smoothing / Kathleen P. Fuller

Language: English

DOI: 10.1016/S1569-3732(2001)6

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