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Do controlling shareholders' expropriation incentives imply a link between corporate governance and firm value? Theory and evidence

หน่วยงาน Nanyang Technological University, Singapore

รายละเอียด

ชื่อเรื่อง : Do controlling shareholders' expropriation incentives imply a link between corporate governance and firm value? Theory and evidence
นักวิจัย : Bae, Kee-Hong , Baek, Jae-Seung , Kang, Jun-Koo , Liu, Wei-Lin
คำค้น : DRNTU::Business::Finance
หน่วยงาน : Nanyang Technological University, Singapore
ผู้ร่วมงาน : -
ปีพิมพ์ : 2555
อ้างอิง : Bae, K.-H., Baek, J.-S., Kang, J.-K., & Liu, W.-L. (2012). Do controlling shareholders' expropriation incentives imply a link between corporate governance and firm value? Theory and evidence. Journal of financial economics, 105(2), 412-435. , 0304-405X , http://hdl.handle.net/10220/18083 , http://dx.doi.org/10.1016/j.jfineco.2012.02.007
ที่มา : -
ความเชี่ยวชาญ : -
ความสัมพันธ์ : Journal of financial economics
ขอบเขตของเนื้อหา : -
บทคัดย่อ/คำอธิบาย :

We develop and test a model that investigates how controlling shareholders' expropriation incentives affect firm values during crisis and subsequent recovery periods. Consistent with the prediction of our model, we find that, during the 1997 Asian financial crisis, Asian firms with weaker corporate governance experience a larger drop in their share values but, during the post-crisis recovery period, such firms experience a larger rebound in their share values. We also find consistent evidence for Latin American firms during the 2001 Argentine economic crisis. Our results support the view that controlling shareholders' expropriation incentives imply a link between corporate governance and firm value.

บรรณานุกรม :
Bae, Kee-Hong , Baek, Jae-Seung , Kang, Jun-Koo , Liu, Wei-Lin . (2555). Do controlling shareholders' expropriation incentives imply a link between corporate governance and firm value? Theory and evidence.
    กรุงเทพมหานคร : Nanyang Technological University, Singapore.
Bae, Kee-Hong , Baek, Jae-Seung , Kang, Jun-Koo , Liu, Wei-Lin . 2555. "Do controlling shareholders' expropriation incentives imply a link between corporate governance and firm value? Theory and evidence".
    กรุงเทพมหานคร : Nanyang Technological University, Singapore.
Bae, Kee-Hong , Baek, Jae-Seung , Kang, Jun-Koo , Liu, Wei-Lin . "Do controlling shareholders' expropriation incentives imply a link between corporate governance and firm value? Theory and evidence."
    กรุงเทพมหานคร : Nanyang Technological University, Singapore, 2555. Print.
Bae, Kee-Hong , Baek, Jae-Seung , Kang, Jun-Koo , Liu, Wei-Lin . Do controlling shareholders' expropriation incentives imply a link between corporate governance and firm value? Theory and evidence. กรุงเทพมหานคร : Nanyang Technological University, Singapore; 2555.