Thirty Years of Shareholder Rights and Firm Value

Understanding the Association between Shareholder Rights and Firm Value

In this study, I employ a system GMM model that is robust to endogeneity to uncover the dynamic association between firm value and the G index, which is a proxy for shareholder rights. I find that firms with a lower G index are more likely to have a higher firm value. My empirical evidence also shows that using static model specifications to examine the causality, if any, is problematic in this...

Shareholder wealth and firm risk

The evidence presented here is inconsistent with variants of corporate finance theory which hold that the option properties of growth opportunities or asset substitution incentives are first-order determinants of equity values, but it is supportive of risk management and capital structure theories that emphasize the costs of cash flow volatility. Specifically, controlling for known determinants...

Negotiated Shareholder Value :

Negotiated Shareholder Value: The German Version of an Anglo-American Practice

Maximising Shareholder Value

Study of information content Equity Market Value in predicting Shareholder Value Added and Created Shareholder Value Evidence from Tehran Stock Exchange

The aim of this paper is to investigate the relationship between Equity Market Value (EMV) and measures of creation value of the performance evaluation (Shareholder Value Added (SVA) and Created Shareholder Value (CSV)) in Tehran Stock Exchange. Thus this paper examined the creation value in Iranian Companies by Alfred Rappaport model and to assess the relationship, liner regression tests w...