豆丁网
拖拽LOGO到书签栏收藏网站
开通大会员文档免费下
考研资料大全
在家同步练习必备
登录
注册
文档
专辑
用户
建筑
合同
报告
漫画
医疗
企业工具
按相关排序
按相关
最多阅读
最新上传
只看PDF
全部格式
DOC
PDF
PPT
XLS
TXT
豆单
全部页数
全部页数
1-8页
9-100页
100页以上
时间不限
全部
2024年
2023年
2022年及以前
只看优质
只看可投资
展开
排序:
相关
最多阅读
最新上传
格式:
全部
doc
pdf
ppt
xls
txt
豆单
页数:
全部
1-8页
9-100页
100页以上
时间:
全部
2024年
2023年
2022年及以前
118
Strong
Blockholders
, Weak Owners and the Need for European ...
.pdf
Strong Blockholders, Weak Owners and the Need for European ...
sadsass
热度:
收藏到书房
42
Multiple
Blockholders
∗:多个大股东与lowast;
.pdf
Multiple Blockholders∗:多个大股东与lowast;Multip
ertuhao
热度:
收藏到书房
140
Ownership, Multiple
Blockholders
Final Revision
.pdf
Ownership, Multiple Blockholders Final Revision
朱涛燕
热度:
收藏到书房
45
The Wall Street Walk when
Blockholders
Compete for Flows
.pdf
The Wall Street Walk when Blockholders Compete for Flows
start2015a34
热度:
收藏到书房
46
The Wall Street Walk when
Blockholders
Compete for Flows
.pdf
The Wall Street Walk when Blockholders Compete for Flows
eqrqlt80
热度:
收藏到书房
59
Blockholders
on Boards and
.pdf
Blockholders on Boards and
start2015a56
热度:
收藏到书房
49
The Role of Large
Blockholders
on Bank Performance-Alvar
.pdf
The Role of Large Blockholders on Bank Performance-Alvar
start2015a45
热度:
收藏到书房
40
Blockholders
, Market Efficiency, and Managerial Myopia
.pdf
This paper illustrates how blockholders can attenuate managerial myopia. Blockholders have a strong incentive to investigate the cause of poor interim nancial performance, since they can sell their stake if losses are due to low rm quality rather than e cient long-term investment. Their trades impound this information into prices, bringing them closer to fundamental value. This increased market e ciency encourages managers to exploit positive-NPV growth opportunities that reduce short-term earnings. This bene t is particularly strong in rms with abundant long-term opportunities that exhibit infor- mation asymmetry. The model therefore justi es the prevalence of small blockholders in the U.S. by showing that they can add value even if they lack the intervention rights as- sumed by existing theories. Block size has a non-monotonic e ect on rm value. A higher stake allows blockholders to sell more upon bad news and thus encourages information acquisition. However, if bloc
enbook
热度:
收藏到书房
升级豆丁大会员,13亿+文档免费下
更有在线复制文档、阅读零广告、专属客服等16项特权等你来
5万+用户已开通
1
2
3
4
向豆丁求助:有没有
blockholders
?
如要投诉违规内容,请
联系我们
按需举报;如要提出意见建议,请到
社区论坛
发帖反馈。