Board connections and crisis performance: Family, state, and political networks
نویسندگان
چکیده
منابع مشابه
assessing political stability and instability in central asia and caucasus; case study, azerbaijan and kyrgyzstan
منطقه ی آسیای مرکزی وقفقاز به عنوان منطقه ای تاریخی و به دلیل دارا بودن ذخایر عظیم هیدرو کربنی از اهمیت ویژه ای برخوردار است. کشورهای این منطقه از عوامل عمده ی بی ثباتی نظیر عوامل جغرافیایی، اقتصادی، امنیتی، اجتماعی و سیاسی رنج می برند. پس از فروپاشی اتحاد جماهیر شوروی کشورهای منطقه از نعمت استقلال ناخواسته ای برخوردار شدند که مشکلات فوق را برای آن ها چندین برابر می کرد. در این روند برخی از این...
15 صفحه اولBoard Networks and Merger Performance
We compare the post-merger financial performance of acquiring firms that have wellconnected (central) boards with the performance of less-connected (non-central) boards and find that central boards are associated with better performing acquisitions as evidenced by larger post-merger buy-and-hold abnormal returns, stronger improvements in the ROA, and a 7-12% annual abnormal return based on cale...
متن کاملPolitical Connections and Related-Party Transactions: Evidence from Iranian Firms
The present study aims to investigate the association between political connections and related-party transactions for the firms listed on the Tehran Stock Exchange (TSE). Sample includes the 485 firm-year observations from companies listed on the Tehran Stock Exchange during the years 2013 to 2017 and research hypothesis was tested using multivariate regression model based on panel data.We fin...
متن کاملRed Capitalists: Political Connections and Firm Performance in China
Uncertainty in the policy making process creates substantial transaction costs for firms (Williamson, 1991; Henisz andZelner, 2004). Consequently, business organisations engage in political behaviour to internalise these costs and influence the policy process in ways favourable to them. The current paper is concerned with a particular form of political strategy adopted by firms in China. A sign...
متن کاملPolitical Connections and Merger Performance: Evidence from Chinese Market
In this paper, we examine the role of political connections by analyzing the short-and long-term performance of Chinese state owned enterprise (SOE) acquirers relative to private owned enterprise (POE) from 1994 to 2008. The empirical result shows that 1) SOE acquirers outperform the POE acquirer both in terms of long-run stock and operating performance; 2) announcement effect of POE acquirer t...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Journal of Corporate Finance
سال: 2020
ISSN: 0929-1199
DOI: 10.1016/j.jcorpfin.2020.101630