Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
Results
Showing 1 to 20 of 45 for “"Shareholder Wealth"”.
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Shareholder wealth effects of convertible bond announcements in South Africa
This study examines shareholder wealth effects of convertible bond announcements in South Africa for the period 2004 to 2017. The data shows that South African companies issue convertible bonds for several reasons and that issues are not only South African rand denominated, but are in other …
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The effect of corporate divestment on shareholder wealth: the UK experience
… both provide statistically significant positive shareholder gains. This, latter finding is in harmony with U.S. studies.
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Socially responsible sourcing and shareholder wealth – evidence from conflict minerals disclosures
Submission published under a 24 month embargo labeled 'Closed Access', the embargo will last until 2026-05-01
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Acquisitions and shareholder wealth effects: the case of the hospitality industry
… this study was the impact of acquisitions on the shareholder wealth of target hotel and restaurant shareholders. Therefore, there were three purposes in this study: 1) to determine whether stockholders of target hotel and restaurant companies involved in acquisitions earned significant additional …
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Corporate governance : a study of director liability, firm performance and shareholder wealth
… director liability, the firm's performance and shareholder wealth. The existence of a director liability crisis is first examined. Both anecdotal and empirical evidence suggest that such a crisis did indeed occur. The evidence also suggests that the "crisis" primarily hurt firms that were …
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The Shareholder Wealth Effects of Real Estate Investment Trusts: Mergers and Acquisitions
This study examines the effect of merger announcements on the market value of the bidding firm's equity in 160 transactions involving Real Estate Investment Trusts (REITs). All transactions from January, 1972, to December, 1995, with adequate data availability were examined. They included 101 …
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The shareholder-wealth and trading volume effects of information technology infrastructure investments in a developing country
Little research has been done into the relationship between IT investment and business value in South Africa, particularly regarding the effects of IT infrastructure investment. Therefore this thesis, in a replication of a recent US study, poses the research question: Do South African stock market …
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Shareholder wealth effects of international listings and delistings : evidence for foreign stocks on the Tokyo stock exchange
… of international listing and delisting on shareholder wealth for U.S. and non-U.S. companies that have listed and subsequently delisted from the Tokyo Stock Exchange. The stock behavior of 81 U.S. and non-U.S. firms between 1973-1997 was examined. Four periods were analyzed: (1) the initial …
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EXECUTIVE COMPENSATION RESTRICTIONS AND SHAREHOLDER WEALTH MAXIMIZATION DURING THE FINANCIAL CRISIS: EMPIRICAL EVIDENCE FROM U.S. BAILED-OUT COMPANIES
Shareholders can utilize internal and external governance mechanisms to minimize agency costs. Internal governance mechanisms purport to improve the alignment between shareholders' interests and those of management by empowering the board of directors, setting value-maximizing compensation …
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EVA and shareholder value creation: an empirical study
… that EVA is more highly associated with shareholder wealth and firm values than are traditional performance measures. Two commonly used value-based performance metrics namely, Total Shareholder Return (TSR) and Tobin's Q are also considered to highlight the valuerelevance of EVA vis-a-vis …
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The effect of mergers and acquisitions on shareholder returns
… firms but also generate a positive or negative wealth effect for shareholders of firms involved. The Hubris theory hypothesises that mergers and acquisitions affect the value of the firms as well as shareholder wealth. This theory predicts that as a result of mergers and acquisitions, the value …
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Diversification and debt : Australian evidence / Jean Milva Canil.
… between diversification and debt, and concurrent shareholder wealth effects for Australian firms, in order to answer the question of why firms diversify. Whilst not directly answering the question, the thesis shows that diversified firms have relatively more long-term and unsecured debt, and do …
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Value drivers within SMEs: growth and value creation within the context of the Economic Value Added® framework
… with professed benefits in maximizing shareholder wealth. Much of the previous work on the EVA® framework focused on the performance metric; conclusions differed as to whether the EVA® performance metric resulted in better information or whether it was better at indicating performance, …
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Life Cycle, Divestment and Corporate Governance
… divestitures from three points of view: shareholder wealth; corporate governance, and the life cycle. While the growth factor is important for most firms, most previous divestment research appears not to have given enough emphasis to the growth variable. This research emphasises the …
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The relationship between VAIC™, firm performance and firm value of companies: a cross-country analysis
… physical capital more efficiently to generate shareholder returns and create value compared to South African companies. In contrast, South African firms tend to invest in innovation—such as patents, trademarks, systems, and processes—to achieve positive returns, even though this may the stifle …
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Corporate Governance, Ceo Compensation and total shareholder returns in South Africa
… Executive Officer’s (CEO’s) compensation and the wealth created for shareholders. The investigation further seeks to find the corporate governance elements, systems and processes that assist in monitoring the CEO’s remuneration and performance contract. The null hypothesis is that poor corporate …
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Corporate control and its effect on company performance
… that the objective of the firm is to maximise shareholder wealth. The study therefore analyses which ownership structure provides shareholders with the greatest returns. Such a system would add the most to an economy's efficiency. It was concluded that of the three systems identified, not one …
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Accountability of Corporate Management: Analysing the Fiduciary Duty in Corporate Law
… corporation, considering only the interests of shareholders. This is known as the shareholder primacy model. This thesis counters such criticism and argues for the emergence of an interdisciplinary model, in which shareholder primacy is relegated in favour of team production theory. This thesis …
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The role of the bidding process in the corporate governance of bidding firms: the case of abandoned acquisitions
… managers for proposing acquisitions which reduce shareholder wealth. However, there has been little work analysing how, and in what circumstances, abandoned acquisitions perform this governance role. This research addresses this gap, by investigating the causal mechanisms of abandoned acquisitions …
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Variables determining shareholder value of industrial companies listed on the Johannesburg Stock Exchange
… goal of a firm is to maximise the value of its shareholders' equity. An increase in wealth increases the satisfaction of any financial market participant, or in this case, of any shareholder. In management's attempts and decision-making to increase shareholder value, they continuously influence, …
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