A Reader in International Corporate Finance, Volume 1
Stijn Claessens, Luc Laeven
World Bank Publications, Jan 1, 2006 - Business & Economics - 418 pages
A Reader in International Corporate Finance offers an overview of current thinking on six topics: law and finance, corporate governance, banking, capital markets, capital structure and financing constraints, and the political economy of finance. This collection of 23 of the most influential articles published in the period 2000-2006 reflects two new trends:interest in international aspects of corporate finance, particularly specific to emerging markets, awareness of the importance of institutions in explaining global differences in corporate finance."In the last decade, financial economis.
abnormal returns afﬁliated Andrei Shleifer average bank risk Beneﬁts benefits of control borrowers capital cash-flow rights chaebol client ﬁrms coefﬁcient column common law companies control rights corporate governance cross-border dependent variable diĦerent dummy variable eĦect endowments estimates ﬁnance ﬁnancial development Financial Economics Financial Economics 70 ﬁnd firms FOBAPROA French Legal Origin group rms growth institutions instrumental variable interest rates investment investor protection JOURNAL OF ECONOMICS Journal of Financial Korea largest shareholder Luigi Zingales main bank market discipline measure median mergers and acquisitions nonperforming loans ownership p-value Panel percent percentage political Porta private benefits PRIVATE CREDIT private equity privately owned banks property rights index ratio regressions related lending related parties reported sample sector settler mortality share shareholder protection Shleifer shock signiﬁcant signiﬁcantly standard errors state-owned banks statistically Stock Market Development Table takeovers target total assets transactions tunneling xed effects Yes Yes Yes Zingales
Page 60 - Apparel and other textile products . Paper and allied products Printing and publishing Chemicals and allied products Petroleum and coal products Rubber and plastics products Leather and leather products Transportation and Public Utilities.
Page 60 - Paper and allied products . Printing and publishing Chemicals and allied products Petroleum and coal products Rubber and miscellaneous plastics...
Page 255 - Meeting; (3) cumulative voting or proportional representation of minorities in the board of directors is allowed; (4) an oppressed minorities mechanism is in place; (5) the minimum percentage of share capital that entitles a shareholder to call for an Extraordinary Shareholders...
Page 150 - The average percentage of common shares owned by the three largest shareholders in the 10 largest non-financial, privately owned domestic firms in a given country. A firm is considered privately owned if the state is not a known shareholder in it.
Page 151 - Average of the months of April and October of the monthly index between 1982 and 1995. Scale from 0 to 10, with lower scores for less tradition for law and order.
Page 54 - USTR must identify those countries that deny adequate and effective protection for intellectual property rights (IPR) or deny fair and equitable market access for persons that rely on intellectual property protection.
Page 235 - Philippines Portugal Singapore South Africa South Korea Spain Sri Lanka Sweden Switzerland Taiwan Thailand...
Page 209 - Ensuring the integrity of the corporation's accounting and financial reporting systems, including the independent audit, and that appropriate systems of control are in place, in particular, systems for monitoring risk, financial control, and compliance with the law.