Abstracts - faqs.org

Abstracts

Economics

Search abstracts:
Abstracts » Economics

Causes of financial distress following leveraged recapitalizations

Article Abstract:

A study of firms that completed leveraged recapitalizations (recaps) between 1985 and 1988 showed evidence of financial distress. These firms were found to have poor post-recap operating performance. Other observations include low levels of asset sales and a negative stock price reactions to events leading to the decline of the market for highly-leveraged transactions. The high level of distress can be attributed to unanticipated regulatory and macroeconomic developments.

Author: Denis, David J., Denis, Diane K.
Publisher: Elsevier B.V.
Publication Name: Journal of Financial Economics
Subject: Economics
ISSN: 0304-405X
Year: 1995
Corporations, Corporate reorganizations, Corporate finance, Leveraged buyouts

User Contributions:

Comment about this article or add new information about this topic:

CAPTCHA


Ownership structure and top executive turnover

Article Abstract:

The ownership structure of American firms creates an impact with regards to the likelihood of top executive changes. The presence of an outside blockholder has a considerably strong effect on the possibility of top executive change while the ownership interests of officers and directors lessens the probability of turnover. Firms with managers owning a larger share of stock are less likely to engage in top executive changes due to stock price performance.

Author: Denis, David J., Sarin, Atulya, Denis, Diane K.
Publisher: Elsevier B.V.
Publication Name: Journal of Financial Economics
Subject: Economics
ISSN: 0304-405X
Year: 1997
Management Policy & Goals, Management, Strategic planning (Business), Goal setting, Employee turnover

User Contributions:

Comment about this article or add new information about this topic:

CAPTCHA


Ownership and board structures in publicly traded corporations

Article Abstract:

Research was conducted on a sample of 583 companies by examining their board composition and equity ownership structure from 1983-1992. Findings suggest that a big number of firms are demonstrating changes in board structure and ownership in any year. Evidence also shows that there is a correlation between the changes. The changes are related to top executive turnover, corporate control threats and prior stock price performance.

Author: Denis, David J., Sarin, Atulya
Publisher: Elsevier B.V.
Publication Name: Journal of Financial Economics
Subject: Economics
ISSN: 0304-405X
Year: 1999
Board of Directors-Functions, Economic aspects, Corporate directors, Property, Boards of directors

User Contributions:

Comment about this article or add new information about this topic:

CAPTCHA


Subjects list: Research, Analysis, Finance
Similar abstracts:
  • Abstracts: Analysis of Nash equilibria in a class of capital accumulation games. Capital accumulation games with a non-concave production function
  • Abstracts: Equilibrium in economies with financial markets: uniqueness of expectations and indeterminacy. Sunspot equilibria and efficiency in economies with incomplete financial markets: a remark
  • Abstracts: Small business optimism. Overview - Small business optimism
  • Abstracts: Irish macroeconomic performance under different exchange rate regimes. The convergence performance of Ireland among EU countries: 1960 to 1990
  • Abstracts: ... Regional overtures. GCC fails to approve unified customs tariff. Cyprus relaxes rule on foreign investment
This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.
Some parts © 2023 Advameg, Inc.