Corporate Control and the Stock Market
نویسندگان
چکیده
منابع مشابه
Corporate Control and the Stock Market∗
This paper studies a general equilibrium model with an investor controlled firm. Shareholders can vote on the firm’s production plan in an assembly if they dislike management’s decision. Prior to that they may trade shares on the stock market. Since stock market trades determine the distribution of votes, trading is strategic. There is always an equilibrium, where share trading leads to an owne...
متن کاملCorporate marketing in the stock market
Purpose – The purpose of this paper is to contribute to the corporate marketing literature by examining how an individual’s identification with a company influences their willingness to invest in the company’s shares. Design/methodology/approach – A set of hypotheses was developed, based on theory, and survey data were obtained from 440 individuals in order to test the hypotheses. The data pert...
متن کاملStock Market Misvaluation and Corporate Investment Ming
This paper explores whether and why misvaluation affects corporate investment by comparing tangible and intangible investments; and by using a price-based misvaluation proxy that filters out scale and earnings growth prospects. Capital, and especially R&D expenditures increase with overpricing; but only among overvalued firms. The sensitivity of R&D to misvaluation is stronger among small, high...
متن کاملCorporate Scandals and Household Stock Market Participation
We show that after the revelation of corporate frauds in a state, the equity holdings of households in that state decrease significantly both in the extensive and the intensive margins. Using an exogenous shock to fraud detection and exogenous variation in households’ lifetime experiences of corporate fraud, we are able to establish that the impact of fraud revelation in local companies on hous...
متن کاملCapital Control Liberalization and Stock Market Development
Capital Control Stock markets become larger, more liquid, more integrated Liberalization and Stock internationally, and more volatile after controls on capital and dividend flowas are liberalized. And countries that Ross Levine officially establish Sara Zervos internationally accepted accounting standards and laws to protect investors do not have substantially be..erfunctioning stock markets th...
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: SSRN Electronic Journal
سال: 2008
ISSN: 1556-5068
DOI: 10.2139/ssrn.1102235