Výsledky vyhledávání - "Bogdan Stacescu"

When Does the Family Govern the Family Firm?

Autor: Line Floan Almli, Kathrine L. Søndergaard, Øyvind Bøhren, Bogdan Stacescu

Publikováno v: Journal of Financial and Quantitative Analysis

We find that the controlling family holds both the chief executive officer and chair positions in 79% of Norwegian family firms. The family holds more governance positions when it owns large stakes in small, profitable, low-risk firms. This result su

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::b74d672bfe5ab05dab69ee71fa4c96e6
http://hdl.handle.net/11250/2628495

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Shareholder Illiquidity and Firm Behavior: Financial and Real Effects of the Personal Wealth Tax in Private Firms

Autor: Janis Berzins, Øyvind Bøhren, Bogdan Stacescu

Publikováno v: SSRN Electronic Journal.

We examine how negative liquidity shocks to households propagate to firms. Higher wealth tax payments on the personal home of private firms’ controlling shareholders are associated with higher payments from firms to shareholders and with lower cash

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_________::ab93c51ad8eb04db5c830cc475f11ec5
https://doi.org/10.2139/ssrn.3475412

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Dividend Policy in Switzerland

Autor: Bogdan Stacescu

The paper examines dividend policy for a sample of Swiss companies. Several factors that determine cross-sectional variations in dividend policy – such as profitability, growth opportunities, and riskiness – are identified. Price volatility seems

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::874eac2eec2c9b642a748b60746aae10
http://doc.rero.ch/record/322174/files/11408_2006_Article_13.pdf

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Lending Technologies and Lending Relationships

Autor: Bogdan Stacescu, Artashes Karapetyan

Publikováno v: SSRN Electronic Journal.

We examine banks' choice between two costly instruments used to identify good loan applicants: direct screening by acquiring borrower-specific information and collateral requirements. We show that with longer relationships the preference for screenin

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_________::0206a11cd4e8ccd7961387681dd96b04
https://doi.org/10.2139/ssrn.3190551

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The Governance and Finance of Norwegian Family Firms: Main Characteristics of the Population

Autor: Janis Berzins, Øyvind Bøhren, Bogdan Stacescu

Publikováno v: SSRN Electronic Journal.

Little is known about the family firm as an economic entity except for the very few family firms that are public. Our paper describes a wide range of governance and finance characteristics in the population of all private and public family firms with

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_________::8f521a90d66d86191396ffc74a6af690
https://doi.org/10.2139/ssrn.3182411

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Shareholder conflicts and dividends

Autor: Janis Berzins, Bogdan Stacescu, Øyvind Bøhren

We examine how dividend policy is used to mitigate potential conflicts of interest between majority and minority shareholders in private Norwegian firms. The average payout is 50% higher if the majority shareholder’s equity stake is 55% (high confl

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::412be7b5ae29863eb2a31b90962ae320
http://hdl.handle.net/11250/2562427

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Dividends and Taxes: The Moderating Role of Agency Conflicts

Autor: Bogdan Stacescu, Janis Berzins, Øyvind Bøhren

Publikováno v: Journal of Corporate Finance
October

We find that potential conflicts between majority and minority shareholders strongly influence how dividends respond to taxes. When the controlling shareholder has a smaller stake, the incentives to extract private benefits are stronger – a shareho

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::0387d53bb42c0ec7412086911312cb2a
https://doi.org/10.2139/ssrn.2973551

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