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Open Access. Powered by Scholars. Published by Universities.®

2008

Corporate Finance

Selected Works

Articles 1 - 12 of 12

Full-Text Articles in Business

The Influence Of University Investment Education On Asset Allocation, Steven Dolvin, Mark Pyles, John Gonas Aug 2008

The Influence Of University Investment Education On Asset Allocation, Steven Dolvin, Mark Pyles, John Gonas

Steven D. Dolvin

No abstract provided.

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The Impact Of The Sarbanes-Oxley Act On Security Analysts’ Performance, Sheryl-Ann Stephen May 2008

The Impact Of The Sarbanes-Oxley Act On Security Analysts’ Performance, Sheryl-Ann Stephen

Sheryl-Ann K. Stephen

No abstract provided.

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Takeover Defenses, Golden Parachutes, And Bargaining Over Stochastic Synergy Gains: A Note On Optimal Contracting, Atreya Chakraborty May 2008

Takeover Defenses, Golden Parachutes, And Bargaining Over Stochastic Synergy Gains: A Note On Optimal Contracting, Atreya Chakraborty

Atreya Chakraborty

We incorporate managerial risk aversion and stochasticity of takeover synergy gains into Harris’ (Harris, E.G. 1990. Antitakeover measures, golden parachutes, and target firm shareholder welfare. Rand Journal of Economics 21, no. 4 : 614–25.) bargaining model for the coexistence of antitakeover defenses and golden parachutes in corporate charters.We show that: (i) it is not always optimal that the target-firm shareholders adopt antitakeover defenses, (ii) the size of the golden parachute is proportional to the riskiness of the synergistic gains, and (iii) the target-firm shareholders are unequivocally better-off with golden parachutes than takeover-contingent stock options.

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Pre-Test Assessment, Thomas D. Berry May 2008

Pre-Test Assessment, Thomas D. Berry

Thomas D Berry

Pre-tests are a non-graded assessment tool used to determine pre-existing subject knowledge. Typically pre-tests are administered prior to a course to determine knowledge baseline, but here they are used to test students prior to topical material coverage throughout the course. While counterintuitive, the pre-tests cover material the student is not expected to know, but serve as a motivational tool and a road map for the students, resulting in improved course performance.

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Does Volatility In Government Borrowing Leads To Higher Inflation? Evidence From Pakistan, Safdar Khan Dec 2007

Does Volatility In Government Borrowing Leads To Higher Inflation? Evidence From Pakistan, Safdar Khan

Safdar Khan

No abstract provided.

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An Analysis Of Pakistan’S Vulnerability To Crisis, Safdar Khan Dec 2007

An Analysis Of Pakistan’S Vulnerability To Crisis, Safdar Khan

Safdar Khan

No abstract provided.

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Price Momentum And Idiosyncratic Volatility, Matteo Arena, K. Haggard, Xuemin Yan Dec 2007

Price Momentum And Idiosyncratic Volatility, Matteo Arena, K. Haggard, Xuemin Yan

Matteo P. Arena

No abstract provided.

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Poison Pill Redemption: Evidence From The Commercial Banking Industry, Elisabeta Pana Dec 2007

Poison Pill Redemption: Evidence From The Commercial Banking Industry, Elisabeta Pana

Elisabeta Pana

No abstract provided.

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A Note On Sustained Economic Growth For Pakistan, Safdar Khan Dec 2007

A Note On Sustained Economic Growth For Pakistan, Safdar Khan

Safdar Khan

No abstract provided.

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Estimating Output Gap For Pakistan Economy: Structural And Statistical Approaches, Safdar Khan Dec 2007

Estimating Output Gap For Pakistan Economy: Structural And Statistical Approaches, Safdar Khan

Safdar Khan

No abstract provided.

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Teaching Business Ethics: The Departmental Perspective, Sarah Peck, David Krause Dec 2007

Teaching Business Ethics: The Departmental Perspective, Sarah Peck, David Krause

Sarah Peck

No abstract provided.

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Corporate Governance Mechanisms And Performance Related Ceo Turnover, Atreya Chakraborty, Shahbaz A. Sheikh Dec 2007

Corporate Governance Mechanisms And Performance Related Ceo Turnover, Atreya Chakraborty, Shahbaz A. Sheikh

Atreya Chakraborty

This study investigates the impact of corporate governance mechanisms on performance related turnover. Our results indicate that smaller boards and institutional block holders are positively related to the likelihood of performance related turnover. CEOs that also hold the position of the chairman of the board or belong to a founding family face lower likelihood of turnover. CEO stock ownership is negatively related to turnover and CEOs who own 3 percent or more of their company stock face a significantly lower likelihood of performance related turnover. Moreover, protection from external control market has no effect either on the likelihood of turnover.

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