Corporate boards and the leverage and debt maturity choices
DOI: 10.1504/IJCG.2008.017648 | Jarrad Harford, Kai Li, Xinlei Zhao | Debt, and in particular, short-term debt have the potential to discipline managers. We examine the role of the board in making financing decisions that provide this discipline. Specifically, given a firm|s characteristics, we predict that s... | 3 - 27 |
Evolving |rules of the game| in corporate governance reform
DOI: 10.1504/IJCG.2008.017648 | Jennifer Hill | While post-scandal reforms in the USA, UK and Australia were prompted by similar motivations, interesting differences in terms of their focus and structure still resonate in current corporate governance debate. The unique contours of the va... | 28 - 48 |
The impact of a cross-listing on dividend policy
DOI: 10.1504/IJCG.2008.017648 | Wissam Abdallah, Marc Goergen | This paper conducts a test of La Porta et al.|s (2000) outcome hypothesis on a sample of firms from 18 countries cross-listing on 19 foreign stock markets. La Porta et al.|s outcome hypothesis states that firms that are listed on a stock ex... | 49 - 72 |
A minimum theory of boards
DOI: 10.1504/IJCG.2008.017648 | Steen Thomsen | I propose a |minimum theory| of company boards. Compared with other actors like managers, large owners and auditors, boards have a comparative advantage in classical board functions such as monitoring, management replacement, control and ra... | 73 - 96 |
Institutional shareholders: their role in the shaping of corporate governance
DOI: 10.1504/IJCG.2008.017648 | Chris Mallin | Institutional shareholders have become an influential force in corporate governance in the last 25 years. In this paper, the trends in share ownership are highlighted together with the resultant emergence of institutional shareholders. Rece... | 97 - 105 |
Takeovers, corporate control, and return to target shareholders
DOI: 10.1504/IJCG.2008.017648 | Han Donker, Saif Zahir | In this paper, we investigated the impact of ownership concentration on the returns to target shareholders. In order to determine such impact, we have employed three models namely: the atomistic shareholder model; the large shareholder mode... | 106 - 134 |
Introduction