Catholic University of Zimbabwe Library
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Advances in financial economics.

Advances in financial economics. Vol. 15 [electronic resource] / edited by Stephen P. Ferris, Kose John, Anil K. Makhija. - Bingley, U.K. : Emerald, 2012. - 1 online resource (viii, 238 p.) : ill. - Advances in financial economics, 1569-3732 . - Advances in financial economics. .

SPAC performance, ownership and corporate governance / John S. Howe and Scott W. O'Brien -- Limits on convergence in international corporate governance practices / David Javakhadze, Stephen P. Ferris, Gregory Noronha -- Firm-specific factors affecting the private benefits of control in concentrated ownership economies / Ronen Barak, Beni Lauterbach -- The joint discipline of option and debt : theory and evidence from CEO's equity holding, capital structure, and executive compensation / Gang 'Nathan' Dong -- The effects of R&D expenditures on bondholders / Zhan Jiang, Kenneth A. Kim, Carl Hsin-Han Shen -- Short- and long-term share price reaction to announcements of financial restatements / Vijay Gondhalekar, Mahendra Joshi, Marie McKendall -- Government ownership, competition, and the risk-taking attitude of the GCC banking system / Ritab Al-Khouri -- CEO compensation, expropriation, and the balance of power among large shareholders / Yongli Luo, Dave O. Jackson.

This volume contains eight empirical papers that examine corporate governance from a number of different perspectives. Howe et al investigate how governance can influence short- and long-term performance in the case of Special Purpose Acquisition Companies; Javakhadze et al analyze limits to convergence in international corporate governance practices; Barak and Lauterbach focus on the private benefits of control; and Dong examines the relation between the discipline of options and corporate debt and the design of executive compensation. Jiang et al measure the effect of R&D expenditures on bondholders; Gondhalekar et al examine the capital market response to financial restatements; Al-Khouri reports robust evidence that privately owned banks are more risky than government-owned banks; and Luo and Jackson conclude that the positive relationship between tunneling and executive compensation implies personal benefits for controlling shareholders at the expense of minority shareholders.

9781780527895 (electronic bk.) : £62.95 ; €89.95 ; $114.95


Business & Economics--Economics--Comparative.
Business & Economics--Finance.
International finance.
Financial crises & disasters.
Corporate governance.
Corporations--Finance.

HD2741 / .A38 2012

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