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.
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Showing 1 to 19 of 19 for “"Stock ownership"”.
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Employee stock ownership: a microeconomic analaysis
The investigation of employee stock ownership is undertaken using microeconomic theory and the in-depth empirical analysis of two metropolitan newspapers with long histories of extensive employee ownership. Economic theory suggests that there are four important considerations beyond current tax …
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An empirical analysis of employee stock ownership plans
Thesis (Ph. D.)--Massachusetts Institute of Technology, Sloan School of Management, 1992.
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The impact of institutional stock ownership on a firm's earnings management practice: an empirical investigation
… working capital accruals and institutional stock ownership for a sample of 386 New York Stock Exchange firms over a period of 8 years, from 1991 through 1998. The differential institutional influence on the level of accrual management of firms having different information environment, S&P …
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Stock price fragility in an emerging market
This research project examines stock price fragility, a measure developed by Greenwood and Thesmar (2011), which serves as a proxy for non-fundamental risk i.e. it aims to isolate the drivers of stock price volatility beyond traditional fundamental drivers, in particular examining the impact of …
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Contagion of a Crisis, Corporate Governance, and Credit Rating
… governance structure, including the manager's stock ownership and his governance power over the firm, in order to maximize their utility in the product market competition. We find that the manager's stock ownership would be lower and his governance power over the firm would be higher in cases …
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Asset sharing and stakeholder arrangements : human capital investments, the distribution of powers, and the role of property rights and economic institutions
… stakeholder arrangements, such as Employee Stock Ownership Plans. Yet, mechanisms such as bargaining power have also been a key part of the literature on employee and firm bargaining outcomes. Part of the puzzle with bargaining power as an explanation is that not all forms of bargaining …
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Hot Stocks and Cold Comfort: A Comparative Study of Optimism in Financial News and Household Participation in Equity Markets in the U.S., France, and Hong Kong, 1985-2008
… Today about 50% of American households hold stock (or equity) directly or indirectly in publicly traded corporations, while only 24% of French households and 36% Hong Kong adults do so. Publications analyzed include: in the U.S. the Wall Street Journal and the business section of The New York …
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Local Investment and the Relationship Between Prices and Earnings
<p>This paper examines how local stock ownership influences the relationship between stock prices and future earnings. Prior finance literature has found that local investment leads to superior returns and has suggested that these returns are a result of an informational edge for those who invest …
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Ownership Structure and Characteristics of Earnings
This study investigates the relationship between ownership structure and various earnings characteristics assumed to be associated with the quality of reported earnings. I provide evidence that the absolute value of discretionary accruals, the standard deviation of residuals from the Dechow-Dichev …
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Three essays in corporate finance
… Political Favors:Evidence from the Impact of the STOCK Act, demonstrates the tacit benefits that accrue to both politicians and the firms to which they are connected through stock ownership. Specifically, we show strong evidence that politicians use private information and political favors for …
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Essays on stock market openness, cost of capital and investment
This thesis examines the effects of stock market openness on the cost of equity capital and investment. Whilst theoretical models and extant empirical evidence suggest that emerging markets integration with global markets promotes risk sharing between domestic and foreign investors, reducing the …
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Risk, Reputation, and Interdependence in the Market for Initial Public Offerings: Embedded Networks and the Construction of Organization Value
… with institutional investors led to higher stock price premiums over book value and greater post-IPO stock ownership concentration. Underwriter reputation had a positive main effect on ownership concentration and a negative main effect on the level of underwriting commissions paid by the …
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Antecedents and Consequences of Top Management Team Characteristics
… (CEO) power and background (i.e. CEO tenure, stock ownership, duality, and outside background). These findings indicate that firms actively shape and adjust their top executives according to the resource dependency from the industry, contingencies from organizational constraints, and …
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Shareholders' agreements in private companies: the regulation of the relationship between the shareholders of the company inter se
A company and all its members for the time being can, within the limitations imposed by its memorandum, by agreement depart from its articles and such agreement would bind the company and those members 1• Such agreements are frequently entered into between proposed shareholders of a company to be …
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Essays in Behavioral, Health and Financial Economics
… how economic uncertainty, specifically stock market uncertainty, correlates to individuals' life satisfaction. Using expected price volatility (VIX) as our anticipatory indicator and life satisfaction as our measure of utility, our hypothesis is built on the Anticipatory Utility …
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A review and appraisal of the "social responsibility hypothesis" of corporate behavior
… employed to "show" that the more diverse stock ownership of modern corporations would result in an increase in socially responsible behavior by most if not all publicly held corporations. Self-interest on the part of owners with diverse portfolios would insure that corporations were …
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On Volatility, Outliers, and Uncertainty
… how economic uncertainty, specifically stock market uncertainty, correlates to individuals' life-satisfaction. Using expected price volatility (VIX) as our anticipatory indicator and life-satisfaction as our measure of utility, our hypothesis is built on the Anticipatory Utility …
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Corporate Governance and Strategic Behavior: A Study of Acquisitions and CEO Compensation Practices of Publicly-Owned and Family-Controlled Firms in S&P 500
… choose their "mates" translates into higher stock returns when compared with non-family firms. Overall, I believe that family-controlled firms derive value from their merger and acquisition strategy. With regard to CEO compensation practices, I find that family firms provide strong incentives …