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Full-Text Articles in Business
Good Management Or Good Finances? An Agent-Based Study On The Causes Of Bank Failure, Stathis Polyzos, Khadija Abdulrahman, Apostolos Christopoulos
Good Management Or Good Finances? An Agent-Based Study On The Causes Of Bank Failure, Stathis Polyzos, Khadija Abdulrahman, Apostolos Christopoulos
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© The author(s) 2019 The recent series of banking crises in the United States and in the Eurozone has resulted in numerous bank failures. In this paper, an agent-based model is employed to test for factors that determine bank viability in times of distress, focusing mainly on the endogenous risk of financial institutions. The authors test for the effects of both management and financial factors on the institutions’ ability to weather the storm during times when the banking system experiences distress. The agent-based simulation process is split into a setup period, when the simulation builds the structural characteristics of each …
Gender Diversity Of Boardrooms And Firm Financial Performance, Perihan Iren
Gender Diversity Of Boardrooms And Firm Financial Performance, Perihan Iren
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© 2016, Virtus Interpress. All rights reserved. The impact of boardroom diversity on firm financial performance has attracted growing research interest in recent years. However, due to the lack of readily available datasets for other parts of the world, most of the evidence is based on the US data. The purpose of this study is to examine the relationship between gender diversity in the boardrooms and firm financial performance in a region, where it has never been studied before. Using a sample of 60 firms listed in Abu Dhabi and Dubai Stock Exchanges, first the impact of gender diverse boards …
Perspectives And Obstacles Of The Shareholder Activism Implementation: A Comparative Analysis Of Civil And Common Law Systems, Khurram Raja, Alex Kostyuk
Perspectives And Obstacles Of The Shareholder Activism Implementation: A Comparative Analysis Of Civil And Common Law Systems, Khurram Raja, Alex Kostyuk
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© 2015, Virtus Interpress. All rights reserved. The paper outlines shareholder activism development in common law and civil law countries and identifies features of these legal systems that create preconditions and obstacles for shareholder activism. Our findings show that tendencies of shareholder activism depend on the type of the legal system, but also vary within the countries that share the same legal system. Thus, we conclude that the type of legal system is not the chief determinant of shareholder activism. A comparative analysis of shareholder activism in Germany and Ukraine (civil law countries) and the USA and the UK (common …