Results 31 to 40 of about 301,443 (309)
The Effect of Marketing Investment on Firm Value and Systematic Risk [PDF]
Analyzing the financial benefit of marketing is still a critical topic for both practitioners and researchers. Companies consider marketing costs as a type of investment and expect this investment to be returned to the company in the form of profit. On the other hand, companies adopt different innovative strategies to increase their value.
arxiv +1 more source
Which institutional investors drive corporate sustainability? A systematic literature review
Abstract In this article, we review recent archival research (66 studies) on the influence of institutional ownership (IO) heterogeneity on corporate sustainability. Relying on an agency‐theoretical framework, we differentiate between various types of IO and their nature.
Patrick Velte
wiley +1 more source
The Shared Cost of Pursuing Shareholder Value [PDF]
We propose a portable framework to infer shareholders' preferences, their influence on firms' prosocial decisions, and the resulting economic consequences for firms and marginalized shareholders. Using quasi-experimental variations tied to media coverage of firms' annual general meetings, we find that shareholders support costly prosocial actions, such
arxiv
Alternative approach to the optimality of the threshold strategy for spectrally negative Levy processes [PDF]
Consider the optimal dividend problem for an insurance company whose uncontrolled surplus precess evolves as a spectrally negative Levy process. We assume that dividends are paid to the shareholders according to admissible strategies whose dividend rate is bounded by a constant.
arxiv +1 more source
Shareholder Value Creators and Shareholder Value Destroyers in Europe. Year 2002 [PDF]
2002 was a bad year for the shareholders of the companies in the Euro Stoxx 50: the shareholder value destruction of the companies in the Euro Stoxx 50 was 958,968 million euros. In 2002 only Eni created value (3,374 million euros). The remaining 49 companies destroyed value and had negative returns.
Fernandez, Pablo, Villanueva, Alvaro
openaire +1 more source
Abstract Sustainable entrepreneurs operating in protected areas face distinctive barriers that place additional emphasis on the need to build legitimacy. To date, how they do this has not been entirely explored. This paper addresses this need through an exploratory study of sustainable entrepreneurs in a transnational protected area.
Hellen Lillian Atieno Dawo+2 more
wiley +1 more source
Compacter networks as a defensive mechanism: How firms clustered during 2015 Financial Crisis in China [PDF]
The stock market's reaction to the external risk shock is closely related to the cross-shareholding network structure. This paper takes the public information of listed companies in the A-share securities market as the primary sample to study the relationship between the stock return rate, market performance, and network topology before and after China'
arxiv
Abstract This paper examines the impact of customer concentration on green innovation in Chinese listed firms between 2006 and 2018 through the dynamic panel generalized method of moments regressions. It is reported that major customers positively impact corporate green innovation, indicating that firms have more incentives to engage in innovative ...
Chang Huang+3 more
wiley +1 more source
Abstract Payment method choice in takeovers is mainly driven by both asymmetric information between the acquirer and the target and the acquirer's financial capability. In this paper, we examine whether increased transparency and better access to finance induced by environmental, social and governance (ESG) performance are associated with the strategic
Mussa Hussaini, Ugo Rigoni, Paolo Perego
wiley +1 more source
Cross-shareholding networks and stock price synchronicity: Evidence from China [PDF]
This paper investigates the effect of cross-shareholding on stock price synchronicity, as a measure of price informativeness, of the listed firms in the Chinese stock market. We gauge firms' levels of cross-shareholdings in terms of centrality in the cross-shareholding network.
arxiv +1 more source