The Impact of Corporate Governance on M&A Performance in Switzerland

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (885 download)

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Book Synopsis The Impact of Corporate Governance on M&A Performance in Switzerland by : Amanda J. Voegeli

Download or read book The Impact of Corporate Governance on M&A Performance in Switzerland written by Amanda J. Voegeli and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This thesis focuses on the impact of corporate governance on the M&A performance in Switzerland measured by the stock market reaction over a 21-day window around the acquisition announcement in the period from 2003 until 2012. Using the event study methodology on a sample of 148 Switzerland-based firms, it is shown that significant abnormal announcement returns exist. Key results are statistically significant abnormal acquisition announcement returns at the 1% level of the overall data sample on the day of the announcement and the following day. Additionally, abnormal acquisition announcement returns of sub-samples such as by payment type, by time period (reflecting boom, crisis, and recovery), and by corporate governance factors are reported. The OLS regression outputs obtained in the second part of the empirical analysis reveal the influence of corporate governance factors such as board size, board independence as well as CEO duality. Additionally, payment type and transaction value were used as control variables. The author finds a significant negative relationship for board size (t-value of -2.04), and positive relationships for board independence and CEO duality, even if not at a significant level. The results partially give both, individual as well as aggregated insight into how corporate governance factors impact the M&A performance in Switzerland.

Corporate Governance and Firm Performance in the Financial Crisis

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (84 download)

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Book Synopsis Corporate Governance and Firm Performance in the Financial Crisis by : Anna Köhler

Download or read book Corporate Governance and Firm Performance in the Financial Crisis written by Anna Köhler and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This study seeks to find out if and how firm specific corporate governance mechanisms affected the performance of Swiss companies in the real economy during the financial crisis 2007 until 2009. This was conducted by regressing four different crisis performance measures, measuring market based performance and operational performance on a set of corporate governance and financial control variables. The most pronounced finding was a significant positive effect of institutional shareholders on crisis performance, measured as 21-month buy-and-hold returns. Secondly a separation of the positions of CEO and Chairman of the board was found to be favourable concerning performance during the crisis. None of the other corporate governance variables employed in this study had a statistically significant effect on firm performance. In particular there is no evidence to be found, that corporate governance mechanisms affect the operating performance of a company. Furthermore companies pushing shareholder wealth before the crisis and thus performing well in the pre-crisis period, significantly underperformed during the crisis.

The Reality of M&A Governance

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Publisher : Springer Science & Business Media
ISBN 13 : 3642227783
Total Pages : 261 pages
Book Rating : 4.6/5 (422 download)

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Book Synopsis The Reality of M&A Governance by : Farsam Farschtschian

Download or read book The Reality of M&A Governance written by Farsam Farschtschian and published by Springer Science & Business Media. This book was released on 2011-11-24 with total page 261 pages. Available in PDF, EPUB and Kindle. Book excerpt: Empirical research shows that two thirds – some claim even four fifths – of all acquisitions fail. Bad acquisitions can spell disaster for a company, but if successful, they can lead to healthy growth, enhanced competitiveness and a world market position. Despite the vast amount of academic and practical research on M&A, there are still no adequate theories to explain this continued trend of failure. In fact, although success factors have been broadly researched and are well known, most work still concentrates on them without concomitantly touching upon the necessary governance structure which enables their effective deployment. This is crucial. In order to determine what constitutes an effective board and governance structure, extensive qualitative fieldwork was carried out through discussions with some of the most renowned international CEOs and Chairmen. From this, two in-depth analyses of prominent cases are made, one of extraordinary success and the other of integral failure. The business leaders' management approaches are scrutinised, revealing significant differences between what worked and what did not, and recommendations are derived for improved corporate governance. The author's conclusions sharply illustrate the limits and challenge the inadequacies of current business practice, revealing gaps between mainstream theory and the reality of the boardroom. Due to his innovative approach, the study is praised by practitioners for itsadditions to strategic management understanding and its provision of effective tools for boards and managers.

Board strategy and performance management at Swiss medium sized companies. A proposal for a stakeholder driven approach

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Publisher : GRIN Verlag
ISBN 13 : 3668314012
Total Pages : 96 pages
Book Rating : 4.6/5 (683 download)

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Book Synopsis Board strategy and performance management at Swiss medium sized companies. A proposal for a stakeholder driven approach by : Mike Portworsnick

Download or read book Board strategy and performance management at Swiss medium sized companies. A proposal for a stakeholder driven approach written by Mike Portworsnick and published by GRIN Verlag. This book was released on 2016-10-05 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt: Master's Thesis from the year 2016 in the subject Business economics - Business Management, Corporate Governance, grade: Merit, University of Derby, language: English, abstract: The central question addressed is: how do boards plan and align their activities to fulfil stakeholder requirements? To answer this question the research investigated extant literature and conducted an interview based study to assess how boards of directors plan their board strategy and conduct performance management incorporating stakeholder requirements. The study was motivated by the need for improvement in boards, that is, by the need to improve both the way they plan a board strategy and the way they conduct an effective performance management that is closely linked to the satisfaction of stakeholder requirements. The purpose of this study was to assess how this is done today, to understand why it is done this way, and to propose how it can be done better in future. This is a qualitative study based on the grounded theory methodology. Interviews were conducted with participants who chair a total of 36 boards and hold 65 seats as ordinary board members at Swiss medium sized companies in several sectors. The interviews were analysed to understand which methodology would be appropriate to plan a board strategy and to conduct board performance management. The analysis also revealed the phenomenon why chairmen usually do not plan a board strategy - even though they admitted that such a strategy might be useful. Further, a grounded theory was able to be developed. The main claims based on the findings of this study are: a) The strategy-map and BSC are indeed appropriate to plan a board strategy and to conduct board performance management, and b) In this study a grounded theory was developed that explains why chairmen, being on top of the company, usually do not apply well-known methods to formally plan a board strategy. The cause of this behaviour seems to be founded in the chairman’s willingness to develop themselves or not.

The Impact of Corporate Governance and Firm Specific Characteristics on Earnings Management of Listed Firms in Switzerland

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Publisher :
ISBN 13 :
Total Pages : 120 pages
Book Rating : 4.:/5 (14 download)

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Book Synopsis The Impact of Corporate Governance and Firm Specific Characteristics on Earnings Management of Listed Firms in Switzerland by : Katarina Svilar

Download or read book The Impact of Corporate Governance and Firm Specific Characteristics on Earnings Management of Listed Firms in Switzerland written by Katarina Svilar and published by . This book was released on 2017 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Board Composition and Corporate Performance

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (111 download)

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Book Synopsis Board Composition and Corporate Performance by : Cornel Germann

Download or read book Board Composition and Corporate Performance written by Cornel Germann and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This thesis focuses on the relationship between corporate governance (CG) and corporate performance. More specifically, board size, family ownership and leadership structure (CEO duality) is analysed and their effect through various performance indicators measured. In order to check the results empirically, a Swiss sample of 698 SMEs is included and via multivariate regression its corresponding effect examined. In the first part, a general introduction about the economic importance, dynamics and SME peculiarities in comparison to large firms is highlighted. Understanding their mechanisms help, afterwards, to develop and derive the hypotheses tested. Therefore, based on board governance and performance research, an extensive literature analysis was conducted and with the corresponding advantages and disadvantages dealt. Based on that, the empirical and second part could be tackled. After a detailed introduction of the methodology, the sample and the variables used, the regression divided in a single and subsampling testing procedure was performed. Findings with regard to the underlying sample are alternating and lack of statistical proof. Variable coefficients are not in a position to provide patterns that support the effectiveness of the results. Nevertheless, the corresponding sample reveals that specific firm size and industry dynamics exist that calls for wider and more detailed research in this area.

Strategic Thinking, Planning, and Management Practice in the Arab World

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Publisher : IGI Global
ISBN 13 : 1522580492
Total Pages : 312 pages
Book Rating : 4.5/5 (225 download)

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Book Synopsis Strategic Thinking, Planning, and Management Practice in the Arab World by : Albadri, Fayez

Download or read book Strategic Thinking, Planning, and Management Practice in the Arab World written by Albadri, Fayez and published by IGI Global. This book was released on 2019-04-05 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Arab region has been and continues to be a focus of the world for its economic, political, and social importance. However, reality indicates that the performance of many Arab states in terms of education, literacy, health, employment, and welfare generally fall behind many countries of other regions. Strategic Thinking, Planning, and Management Practice in the Arab World is an essential reference source that investigates the status of current strategic practice in the Arab world as well as the need to promote awareness of effective development strategies. Featuring research on topics such as social justice, practical entrepreneurship, and crisis management, this book is ideally designed for high-caliber strategists, academic scholars, and postgraduate research students.

Articles in ITJEMAST @ 12(12) 2021

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Publisher : International Transaction Journal of Engineering, Management, & Applied Sciences & Technologies
ISBN 13 :
Total Pages : 232 pages
Book Rating : 4./5 ( download)

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Book Synopsis Articles in ITJEMAST @ 12(12) 2021 by :

Download or read book Articles in ITJEMAST @ 12(12) 2021 written by and published by International Transaction Journal of Engineering, Management, & Applied Sciences & Technologies. This book was released on 2021-11-01 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: Published articles from TuEngr.com

Handbook of Research Methods for Corporate Governance

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Publisher : Edward Elgar Publishing
ISBN 13 : 1802202897
Total Pages : 371 pages
Book Rating : 4.8/5 (22 download)

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Book Synopsis Handbook of Research Methods for Corporate Governance by : Nicola Cucari

Download or read book Handbook of Research Methods for Corporate Governance written by Nicola Cucari and published by Edward Elgar Publishing. This book was released on 2023-01-20 with total page 371 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Handbook provides an incisive, rigorous and contemporary guide to research methods in the continually evolving area of corporate governance, offering a welcome focus on holistic approaches to research. Not only analysing existing research methods dominated by the quantitative-qualitative dichotomy, it also explores the crucial need to challenge assumptions and methodologies in order to advance research in the field.

Economics and Finance Readings

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Publisher : Springer Nature
ISBN 13 : 9819735122
Total Pages : 268 pages
Book Rating : 4.8/5 (197 download)

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Book Synopsis Economics and Finance Readings by : Evan Lau

Download or read book Economics and Finance Readings written by Evan Lau and published by Springer Nature. This book was released on with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Rijn, Neder-Rijn, Lek

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (673 download)

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Book Synopsis Rijn, Neder-Rijn, Lek by :

Download or read book Rijn, Neder-Rijn, Lek written by and published by . This book was released on 1968* with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Cases on Uncovering Corporate Governance Challenges in Asian Markets

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Publisher : IGI Global
ISBN 13 : 1668498693
Total Pages : 276 pages
Book Rating : 4.6/5 (684 download)

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Book Synopsis Cases on Uncovering Corporate Governance Challenges in Asian Markets by : Hasan, Rashedul

Download or read book Cases on Uncovering Corporate Governance Challenges in Asian Markets written by Hasan, Rashedul and published by IGI Global. This book was released on 2023-12-07 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: Corporate governance challenges in Asian markets have led to high-profile scandals and negative consequences for stakeholders, driven by weak governance structures, transparency deficiencies, and insufficient accountability. These issues are compounded by cultural and societal influences, emphasizing the need for a comprehensive understanding of the underlying factors at play. Cases on Uncovering Corporate Governance Challenges in Asian Markets, offers a compelling solution to address these pressing issues. Through a thorough analysis of prominent corporate scandals in Asia, the book investigates their origins, effects, and cultural influences that have contributed to their escalation. By scrutinizing these cases, the book provides actionable recommendations to enhance corporate governance practices, promoting transparency, accountability, and ethical conduct within companies. It serves as an indispensable resource for academic scholars, researchers, practitioners, policymakers, and students seeking insights into corporate governance in Asia. With its comprehensive understanding of governance failures and practical recommendations, Cases on Uncovering Corporate Governance Challenges in Asian Markets catalyzes positive change in the business landscape of Asian markets.

US Corporate Governance Reform

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Publisher :
ISBN 13 : 9783725546930
Total Pages : 74 pages
Book Rating : 4.5/5 (469 download)

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Book Synopsis US Corporate Governance Reform by : Christoph B. Bühler

Download or read book US Corporate Governance Reform written by Christoph B. Bühler and published by . This book was released on 2004 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Corporate Governance and Diversity in Boardrooms

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Publisher : Springer Nature
ISBN 13 : 3030561208
Total Pages : 176 pages
Book Rating : 4.0/5 (35 download)

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Book Synopsis Corporate Governance and Diversity in Boardrooms by : Barbara Sveva Magnanelli

Download or read book Corporate Governance and Diversity in Boardrooms written by Barbara Sveva Magnanelli and published by Springer Nature. This book was released on 2020-10-02 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores diversity in boardrooms to highlight the link between the heterogeneous dimensions of board diversity and their impact on the firms. The book provides a brief definition of corporate governance and focuses on the role and functions of the board of directors. The work contributes to the literature enriching the empirical findings about board diversity. After a deep review of the literature within several theoretical frameworks, such as agency, stakeholder, stewardship, resource dependence, and the institutional theory, the focus moves on the impact on financial performance. The board diversity effects are tested through an empirical analysis conducted on a sample of European listed companies, performing both a single and a joint diversity index analysis. Practitioners and academics will find this book particularly timely and useful as it combines both a review of the literature and robust empirical investigation. It will be an excellent reading for academics and practitioners interested in firm performance, corporate governance and stakeholder theory.

Fairness of CEO Compensation

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Publisher : Springer Nature
ISBN 13 : 3030335542
Total Pages : 208 pages
Book Rating : 4.0/5 (33 download)

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Book Synopsis Fairness of CEO Compensation by : Mehtap Aldogan Eklund

Download or read book Fairness of CEO Compensation written by Mehtap Aldogan Eklund and published by Springer Nature. This book was released on 2019-12-05 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: Executive compensation and its fairness to stakeholders are topics of heated debate on platforms ranging from news forums to financial markets. This book stimulates critical thinking on executive compensation and guides academics and practitioners on the key concepts by developing a multi-faceted and multi-cultural framework. It also presents the new ‘Fair CEO Compensation,’ which uses a scientifically developed and structured stakeholder-based approach to reach optimal and fair CEO compensation, without capping bonuses or variable pay by rules and regulations. Financial, non-financial, organizational, strategic, cultural, personal, and social aspects are all taken into account in the framework. In addition to implementation guidelines and real-world examples, the book presents a checklist for businesses to measure the fairness of their CEO compensation based on the suggested framework. Moreover, the author also provides a survey template to help businesses investigate their employees’ perception of the fairness of their CEO’s compensation.

The Corporate Governance Premium?

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (818 download)

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Book Synopsis The Corporate Governance Premium? by : Adrian Lüthge

Download or read book The Corporate Governance Premium? written by Adrian Lüthge and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This thesis contributes to the empirical research stream that examines the association between corporate governance quality and firm valuation, using the case of Switzerland. Much of the scholarly research on corporate governance in the past decade focused on the accurate design of best practice recommendations, while less attention was paid to the preceding question as to whether compliance to corporate governance provisions pays off economically. We investigated this question by conducting a multiple regression analysis for a sample of 109 Swiss public companies. To proxy for each firm's individual governance quality, we consulted a comprehensive corporate governance rating on Swiss companies published by zCapital AG. Firm value was measured using the market-to-book ratio, also referred to as Tobin's Q. Additionally, the impact on operating performance as measured by the Return on Assets (ROA) was tested for complementary analysis. The regression results yielded no significant evidence to support a linear governance-value-relationship. Rather, the findings suggest that the costs and benefits of corporate governance systems have to be assessed individually and within their organisational context.

Impact of Corporate Governance on Firms' Performance

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Publisher : LAP Lambert Academic Publishing
ISBN 13 : 9783659666049
Total Pages : 256 pages
Book Rating : 4.6/5 (66 download)

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Book Synopsis Impact of Corporate Governance on Firms' Performance by : Venkatraman Karpagam

Download or read book Impact of Corporate Governance on Firms' Performance written by Venkatraman Karpagam and published by LAP Lambert Academic Publishing. This book was released on 2014-12-18 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the impact of Corporate Governance Mechanism on the performance of sample firms listed in NSE. The success or failure of firms mainly depends on the extent to which the firms are managed efficiently. The performance of firms is influenced by Corporate Governance Mechanism in India. The study of governance mechanism would be helpful for the shareholders to take better investment decisions. Besides, it is also helpful to corporates to organize accounting and auditing transparently and synchronies reporting system with global standards. It is beneficial for the firms to enhance the quality of corporate strategy, financial integrity of their organisations to protect the interests of all the stakeholders including creditors, investors, policy makers, apex regulating bodies and the economy as a whole. Besides, it increases the responsiveness of the firm to the needs of the society.