C orporate governance structures in the wake of observed differences in firm ownership structures in developed markets and emerging market economies are distinct. In this paper, we examine the effect of an ownership structure of firms on the market reaction to corporate news flows in the context of emerging market economies like India. We observe the price and volume movements associ...

OBJECTIVES Most research on the negative impact of restructuring on employees' health considers restructuring involving personnel reduction. The aim of this study was to explore the assumption that the type of restructuring, business expansion versus restructuring not involving expansion (only reductions and/or change of ownership), influences its psychological responses: appraisal of the chang...

This paper investigates the performance implications of firms’ vertical integration decisions. Our setting is the U.S. airline industry. Major airlines subcontract service on low-density short and medium-haul routes to regional airlines. These regional partners are either owned by the major airline or are independently owned and contract with one or more major airlines. Earlier work (Forbes and...

OBJECTIVE To examine premature mortality in adults in relation to socioeconomic conditions in childhood and adulthood. DESIGN Nationally representative birth cohort study with prospective information on socioeconomic conditions. SETTING England, Scotland, and Wales. STUDY MEMBERS: 2132 women and 2322 men born in March 1946 and followed until age 55 years. MAIN OUTCOME MEASURES Deaths betw...

during the last two decades, financial institutions worldwide have witnessed a lot of stress in managing their margins in wake of the new risks, challenges and increase in the competition posed to them by the factors of liberalization and deregulation. the key to create value and achieve competitive edge lies in the better operational efficiency and productivity of these institutions under such...

During the last two decades, financial institutions worldwide have witnessed a lot of stress in managing their margins in wake of the new risks, challenges and increase in the competition posed to them by the factors of liberalization and deregulation. The key to create value and achieve competitive edge lies in the better operational efficiency and productivity of these institutions under such...

investment institutions with substantial shareholdings in a firm have the resources and incentives to monitor and influence management decisions. whether the institutions actually monitor and exert pressure on managers is an empirical question.this study is designed to provide insights into the monitoring role of institutional investors by examining whether institutional ownership affects the i...

This article analyses the impact of the participation of venture capital (VC) firms on underpricing in 372 businesses brought to IPO during the period 19992001 in KOSDAQ. Korea’s second-tier stock market, KOSDAQ, has grown dramatically since 1999 and about half of the firms listed in KOSDAQ during this period were VC-backed, thus providing a good testing ground for empirical analysis. We measur...

Object ownership is an approach to controlling aliasing in programming languages. Proposals for adding ownership to programming languages do not directly support type genericity. We present Featherweight Generic Ownership — the first system to unify ownership and type polymorphism. Our type system extends Featherweight Generic Java with locations to support ownership and confinement invariants,...

Dominance, the property that all paths to a given object must go through another object, is at the heart of ownership type disciplines. While ownership types have received abundant attention, ownership inference remains an open problem, and crucial questions about the practical impact of ownership remain unanswered. We argue that a static program analysis that infers dominance is a crucial firs...