Zobrazeno 1 - 10
of 19
pro vyhledávání: '"Moon H. Song"'
Publikováno v:
Global Finance Journal. 29:42-69
In this paper, we examine the impact of stakeholder governance on corporate social responsibility (CSR) around the world to determine whether CSR is employed as a mechanism to mitigate conflicts of interest between managers and diverse stakeholders,
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::109a880a8d83a98835b24d046cdf3a04
https://doi.org/10.1016/j.gfj.2015.04.003
https://doi.org/10.1016/j.gfj.2015.04.003
Publikováno v:
Global Finance Journal. 27:18-45
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::806935f8a8b7cfbe3c67ece6bc389d5b
https://doi.org/10.1016/j.gfj.2015.05.001
https://doi.org/10.1016/j.gfj.2015.05.001
Publikováno v:
Review of Financial Studies. 24:2242-2285
We document market anticipation of merger bids and show that less anticipated bids earn significantly higher announcement returns. Subsequent bidders in the industry experience significant and positive abnormal returns around the time of initial indu
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::27e36efbf287e32a5aad09742823171d
https://doi.org/10.1093/rfs/hhr035
https://doi.org/10.1093/rfs/hhr035
Publikováno v:
International Review of Economics & Finance. 17:529-545
We investigate the monitoring effect of large outside blockholders by examining the market reaction to partial acquisitions. After removing partial acquisitions which lead to majority control blocks, we study a sample of initial outside block formati
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::cfdf7e24299264f07900eccca56fb04d
https://doi.org/10.1016/j.iref.2007.05.006
https://doi.org/10.1016/j.iref.2007.05.006
Autor:
Robert C. Hanson, Moon H. Song
Publikováno v:
The Financial Review. 41:361-386
We investigate firms that sell assets to determine whether corporate governance mechanisms are effective at controlling agency problems. Our evidence shows that these firms have lower managerial ownership and are more likely to make unrelated acquisi
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::581b80c8f570e9ec82f266111d639e2a
https://doi.org/10.1111/j.1540-6288.2006.00147.x
https://doi.org/10.1111/j.1540-6288.2006.00147.x
Autor:
Robert C. Hanson, Moon H. Song
Publikováno v:
Journal of Economics and Finance. 27:321-336
We study the long-term performance of firms that divest assets to assess whether gains arise from reducing agency costs. We find that divesting firms underperform control firms before the divestiture and outperform control firms following the divesti
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::b85c2cf90bc1a3705d293a54d0f4d18f
https://doi.org/10.1007/bf02761569
https://doi.org/10.1007/bf02761569
Autor:
Moon H. Song, David P. Ely
Publikováno v:
The Quarterly Review of Economics and Finance. 40:467-484
This study examines the performance and ownership structure characteristics of financial institutions that chose to aggressively expand by acquiring other institutions. The “wealth maximization hypothesis” posits that in an era of deregulation, t
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::07491f14c1e70d45b10f6f41e48a5b81
https://doi.org/10.1016/s1062-9769(00)00052-1
https://doi.org/10.1016/s1062-9769(00)00052-1
Autor:
Robert C. Hanson, Moon H. Song
Publikováno v:
Journal of Corporate Finance. 6:55-70
This study shows that shareholders of a firm that divests assets receive gains that are significantly related to stock ownership by the firm's managers and to the proportion of outside directors on the firm's board when the divestiture produces posit
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::94a090a97da728011a09e5b4f9c8fc81
https://doi.org/10.1016/s0929-1199(99)00013-9
https://doi.org/10.1016/s0929-1199(99)00013-9
Autor:
Moon H. Song, Ralph A. Walkling
Publikováno v:
Journal of Financial Economics. 55:143-171
We develop and test the Acquisition Probability Hypothesis, which asserts that rivals of initial acquisition targets earn abnormal returns because of the increased probability that they will be targets themselves. On average, rival firms earn positiv
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::499e11d7c616f9ece91c76a2db75976c
https://doi.org/10.1016/s0304-405x(99)00048-3
https://doi.org/10.1016/s0304-405x(99)00048-3
Autor:
Robert C. Hanson, Moon H. Song
Publikováno v:
International Review of Economics & Finance. 7:209-224
We investigate shareholder wealth effects of congressional passage of the North American Free Trade Agreement in November 1993. Shareholders of U.S. firms experienced insignificant abnormal returns on average when Congress voted to approve the measur
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::19d3855b448af86695e3bace13d5cc29
https://doi.org/10.1016/s1059-0560(98)90041-7
https://doi.org/10.1016/s1059-0560(98)90041-7