Results 141 to 150 of about 483,611 (352)
Negotiated shareholder value: The German version of an Anglo-American practice [PDF]
In comparative political economy it has become commonplace to distinguish between two types of corporate governance systems. In shareholder systems, influence over company management is concentrated with institutional investors holding small percentages ...
Vitols, Sigurt
core
Studia Universitatis Babeş-Bolyai Negotia, 2015 The core research of the current paper is focused on the value-based management concept (VBM), which developed around the definition of the enterprise’s objective as shareholder value maximization or shareholder value creation.
Jarosław NOWICKI
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Optimal Dividend Payout Model with Risk Sensitive Preferences [PDF]
Insurance: Mathematics and Economics, vol.73, 82-93, 2017, 2016 We consider a discrete-time dividend payout problem with risk sensitive shareholders. It is assumed that they are equipped with a risk aversion coefficient and construct their discounted payoff with the help of the exponential premium principle. This leads to a non-expected recursive utility of the dividends.
arxiv
Universal Banking: A Shareholder Value Perspective [PDF]
SSRN Electronic Journal, 1996 In their historical development, organizational structure, and strategic direction, universal banks constitute multi-product firms within the financial services sector. Certainly within their home environments, universal banks effectively target most or all client-segments, and make an effort to provide each with a full range of the appropriate ...
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Controlling shareholders and corporate value: Evidence from Thailand [PDF]
, 2001 Yupana Wiwattanakantang
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The Leland-Toft optimal capital structure model under Poisson observations [PDF]
arXiv, 2019 We revisit the optimal capital structure model with endogenous bankruptcy first studied by Leland \cite{Leland94} and Leland and Toft \cite{Leland96}. Differently from the standard case, where shareholders observe continuously the asset value and bankruptcy is executed instantaneously without delay, we assume that the information of the asset value is ...
arxiv
Surplus-Invariant, Law-Invariant, and Conic Acceptance Sets Must be the Sets Induced by Value-at-Risk [PDF]
arXiv, 2017 The regulator is interested in proposing a capital adequacy test by specifying an acceptance set for firms' capital positions at the end of a given period. This set needs to be surplus-invariant, i.e., not to depend on the surplus of firms' shareholders, because the test means to protect firms' liability holders.
arxiv
The Relationship Between Entrepreneurial Intensity and Shareholder Value Creation [PDF]
Innovation and entrepreneurship have long been regarded as sources of value and wealth creation. Previous research has shown that there is a positive relationship between enterprises’ levels of entrepreneurship and their financial performance.
Pierre Erasmus, Retha Scheepers
core
The notion of “Shareholder value” and the theory of the “Stakeholder”: Anglo-American vision of the “social interest” concept from a value creation perspective. [PDF]
Civilizar, 2012 By the present article, an exposition is made of what some label as the modern approaches to the concept of “social interest”: The theories of the “shareholder value” and of the “stakeholders”, which are a contribution of the American doctrine to the ...
Wilson Iván Morgestein Sánchez
doaj
The Shareholder Value of Empowered Boards
, 2016 In the last decade, the balance of power between shareholders and boards has shifted dramatically. Changes in both the marketplace and the legal landscape governing it have turned the call for empowered shareholders into a new reality. Correspondingly, the authority that boards of directors have historically held in U.S.
Cremers, K.J. Martijn, Sepe, Simone M.
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