Zobrazeno 1 - 10
of 51
pro vyhledávání: '"Paolo F. Volpin"'
Publikováno v:
Journal of Law, Finance, and Accounting. 6:179-219
Why do half of S&P 500 firms have duality, that is, a CEO who is also the Chair of the Board? We show theoretically that duality can play an important role in the competition for CEOs. Empirically, we document that duality changes are concentrated at
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::6339d3f58a378b9535051f8de579a18b
https://doi.org/10.1561/108.00000053
https://doi.org/10.1561/108.00000053
Publikováno v:
Journal of Financial and Quantitative Analysis. 56:2103-2135
Using data on the universe of U.S. based mutual funds, we find that two out of five fund families hold corporate bonds of firms in which they also own an equity stake. We show that the greater the fraction of debt a fund family holds in a given firm,
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::002f141f7ddc97ffb2f01b3215ea7dc2
https://doi.org/10.1017/s0022109020000630
https://doi.org/10.1017/s0022109020000630
Publikováno v:
SSRN Electronic Journal.
We investigate how firms trade off the interests of different stakeholders when their industry comes under antitrust scrutiny. Using cartel cases opened by the European Commission between 1994 and 2019 in a difference-in-difference setup, we find tha
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::63b05e61994ee7b4dd0b61f9d8d121d8
https://doi.org/10.2139/ssrn.3773448
https://doi.org/10.2139/ssrn.3773448
Publikováno v:
SSRN Electronic Journal.
Taking advantage of the implementation of the European Commission directives on the financial reporting of private firms, we explore the impact of mandatory financial disclosure on mergers and acquisitions. We find robust evidence that the volume of
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::36dccee4125c36e593c0f244ad87e1e4
https://doi.org/10.2139/ssrn.3768349
https://doi.org/10.2139/ssrn.3768349
Autor:
Clemens A. Otto, Paolo F. Volpin
Publikováno v:
Management Science. 64:3756-3771
We examine how mark-to-market accounting affects the investment decisions of managers with reputation concerns. Reporting the current market value of a firm’s assets can help mitigate agency problems because it provides outsiders (e.g., shareholder
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::b3f27066636cce210050a05aed19a9e2
https://doi.org/10.1287/mnsc.2016.2696
https://doi.org/10.1287/mnsc.2016.2696
Autor:
Emmanuel Pezier, Paolo F. Volpin
Publikováno v:
SSRN Electronic Journal.
Activists appear to play an important governance role, but identifying it empirically remains challenging. We examine a private dataset of engagements in small UK companies in the 2008- 15 period. Our activist receives a blind portfolio; has low ince
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::9af96bb6f0dd4fde7b841a7427cc7513
https://doi.org/10.2139/ssrn.3400918
https://doi.org/10.2139/ssrn.3400918
Autor:
Paolo F. Volpin, Thomas Lambert
Publikováno v:
Handbook of Finance and Development, 477-500
STARTPAGE=477;ENDPAGE=500;TITLE=Handbook of Finance and Development
STARTPAGE=477;ENDPAGE=500;TITLE=Handbook of Finance and Development
This chapter surveys the literature on the political economy of finance. This field offers three main insights. First, it highlights the importance of the role of political institutions in financial development. Second, it shows how the distribution
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::4500e69acb2f86fdcda818321a0e8688
https://pure.eur.nl/en/publications/2e8036ea-8c70-4067-9023-ab19dce35895
https://pure.eur.nl/en/publications/2e8036ea-8c70-4067-9023-ab19dce35895
Publikováno v:
SSRN Electronic Journal.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::ffa4de97f0d980d64fc8e70397b4dc72
https://doi.org/10.2139/ssrn.3282394
https://doi.org/10.2139/ssrn.3282394
Labor restructuring is a key driver of takeovers and the associated synergy gains worldwide. In a difference-in-differences research design, we show that major increases in employment protection reduce takeover activity by 14-27% and the combined fir
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::194fe1c938322957cafbfe6067c2237a
Autor:
Thomas Lambert, Paolo F. Volpin
Publikováno v:
SSRN Electronic Journal.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::015107a28bca16163f18d07c5149fe01
https://doi.org/10.2139/ssrn.3011974
https://doi.org/10.2139/ssrn.3011974