发布求助
文献互助 智能选刊 最新文献

Corporate Governance: International/Non-US eJournal最新文献

筛选
英文 中文
The Cross-Sectional Determinants of Post-IPO Stock Performance: Evidence from China 上市后股票表现的横截面决定因素:来自中国的证据
Corporate Governance: International/Non-US eJournal Pub Date : 2009-09-30 DOI: 10.2139/ssrn.1482882
X. Chang, Lewis H. K. Tam, George Wong
{"title":"The Cross-Sectional Determinants of Post-IPO Stock Performance: Evidence from China","authors":"X. Chang, Lewis H. K. Tam, George Wong","doi":"10.2139/ssrn.1482882","DOIUrl":"https://doi.org/10.2139/ssrn.1482882","url":null,"abstract":"This paper examines the cross-sectional determinants of post-IPO long-term stock returns in China. We document that the aftermarket P/E ratio has the most robust negative association with post-IPO stock returns. The negative relation indicates that the market corrects the aftermarket overvaluation of IPO firms in the long run. Underwriter reputation has a positive effect on post-IPO stock returns while board size has a negative impact, consistent with the views that reputable underwriters mitigate the information asymmetry in IPO pricing and over-sized boards reduce the effectiveness of corporate governance. However, we find little evidence indicating that the equity ownership structure is significantly associated with post-IPO stock returns.","PeriodicalId":343950,"journal":{"name":"Corporate Governance: International/Non-US eJournal","volume":"6 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2009-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134105243","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Corporate Governance in Indonesian State-Owned Enterprises: Is it on the Right Track? 印尼国有企业的公司治理:是否在正确的轨道上?
Corporate Governance: International/Non-US eJournal Pub Date : 2008-12-03 DOI: 10.2139/SSRN.1311030
Miko Kamal
{"title":"Corporate Governance in Indonesian State-Owned Enterprises: Is it on the Right Track?","authors":"Miko Kamal","doi":"10.2139/SSRN.1311030","DOIUrl":"https://doi.org/10.2139/SSRN.1311030","url":null,"abstract":"This paper looks at the reformation of corporate governance Indonesia in the sector of state-owned enterprises, especially from the perspective of law. The focusing is to examine the voluntary and mandatory corporate governance models by comparing the prevailing corporate governance systems, pre-existing in several countries such as the US, Australia, Germany and Indonesia. The voluntary model means listed companies that might not abide by the principles but have to provide sufficient and reasonable arguments as to why it is not complying are protected against; while the latter is a model in which a listed company has to comply with the corporate governance code for avoiding penalties.The US employs the mandatory model; Australia, Germany and Indonesia apply the voluntary one.This paper suggests that the mandatory model is suitable to be implemented. The existing of corporate spivs and new hope of the Indonesian Corruption Eradication Commission are the article's central arguments to suggest employing the mandatory model.","PeriodicalId":343950,"journal":{"name":"Corporate Governance: International/Non-US eJournal","volume":"28 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2008-12-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127420759","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Corporate Governance in China: Ownership Structures and the Performance of Listed Firms 中国的公司治理:股权结构与上市公司绩效
Corporate Governance: International/Non-US eJournal Pub Date : 2006-06-01 DOI: 10.2139/ssrn.904261
Martin Hovey
{"title":"Corporate Governance in China: Ownership Structures and the Performance of Listed Firms","authors":"Martin Hovey","doi":"10.2139/ssrn.904261","DOIUrl":"https://doi.org/10.2139/ssrn.904261","url":null,"abstract":"This study investigates whether ownership structure has a significant effect on the performance of listed firms in China. It also investigates what level of Chinese institutional ownership may be the most advantageous. The results of the empirical analysis of firms listed on the Shanghai and Shenzhen stock exchanges are reported in this paper. The most significant findings are that institutional ownership, through Legal Person holding companies, is found to have a positive bearing on listed firm performance. Similar results are found for individual investors, offshore ownership and foreign institutions, but to a lesser extent. Also of significance is that Legal Person holdings are found to have a non-linear relationship to performance in that the levels of Legal Person ownership are found to be a significant factor. Significantly, the findings suggest that Medium levels of Legal Person ownership are the most effective in improving firm performance. Other issues that are identified in the empirical analysis are that size is relevant, in that large firms are found not to perform as well as smaller firms. Leverage carries some weight also, as highly leveraged firms are found not to perform as well.","PeriodicalId":343950,"journal":{"name":"Corporate Governance: International/Non-US eJournal","volume":"7 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2006-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125740179","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 6
Why are Capital Flows so Much More Volatile in Emerging than in Developed Countries? 为什么新兴市场的资本流动比发达国家更不稳定?
Corporate Governance: International/Non-US eJournal Pub Date : 2004-10-01 DOI: 10.2139/ssrn.884381
F. Broner, R. Rigobón
{"title":"Why are Capital Flows so Much More Volatile in Emerging than in Developed Countries?","authors":"F. Broner, R. Rigobón","doi":"10.2139/ssrn.884381","DOIUrl":"https://doi.org/10.2139/ssrn.884381","url":null,"abstract":"The standard deviations of capital flows to emerging countries are 80 percent higher than those to developed countries. First, we show that very little of this difference can be explained by more volatile fundamentals or by higher sensitivity to fundamentals. Second, we show that most of the difference in volatility can be accounted for by three characteristics of capital flows: (i) capital flows to emerging countries are more subject to occasional large negative shocks (“crises”) than those to developed countries, (ii) shocks are subject to contagion, and (iii) – the most important one – shocks to capital flows to emerging countries are more persistent than those to developed countries. Finally, we study a number of country characteristics to determine which are most associated with capital flow volatility. Our results suggest that underdevelopment of domestic financial markets, weak institutions, and low income per capita, are all associated with capital flow volatility.","PeriodicalId":343950,"journal":{"name":"Corporate Governance: International/Non-US eJournal","volume":"30 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2004-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128140285","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 6
Emerging Equity Markets in Middle Eastern Countries 中东国家新兴股票市场
Corporate Governance: International/Non-US eJournal Pub Date : 1994-09-01 DOI: 10.5089/9781451852660.001.A001
M. El-Erian
{"title":"Emerging Equity Markets in Middle Eastern Countries","authors":"M. El-Erian","doi":"10.5089/9781451852660.001.A001","DOIUrl":"https://doi.org/10.5089/9781451852660.001.A001","url":null,"abstract":"Within a broad framework for analyzing portfolio flows to developing countries, the paper undertakes a comparative analysis of equity markets in six Middle Eastern countries. The analysis, based primarily on a range of quantitative indicators, identifies the principal characteristics of these markets, including relative to international comparators, and examines associated structural features. This, along with an analysis of the informational efficiency of selected markets in the region, provides a basis for the subsequent review of policies for enhancing the role of equity markets in the macroeconomy of Middle Eastern countries while minimizing associated risks.","PeriodicalId":343950,"journal":{"name":"Corporate Governance: International/Non-US eJournal","volume":"22 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1994-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123497749","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 163
首页 上一页
0
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
提示
您的信息不完整，为了账户安全，请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
现在去查看 取消
×
提示
确定
请完成安全验证×
相关产品
×
本文献相关产品
联系我们：info@booksci.cn Book学术提供免费学术资源搜索服务，方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。 Copyright © 2023 布克学术 All rights reserved.
京ICP备2023020795号-1
ghs 京公网安备 11010802042870号
Book学术文献互助
Book学术文献互助群
群 号：481959085
Book学术官方微信