[Advances in Financial Economics] Advances in Financial Economics Volume 15 || Government Ownership, Competition, and the Risk-Taking Attitude of the GCC Banking System

✍ Scribed by Ferris, Stephen P.; John, Kose; Makhija, Anil K.

• Book ID: 121855716
• Publisher: Emerald Group Publishing Limited
• Year: 2012
• Tongue: English
• Weight: 158 KB
• Edition: 1
• Volume: 10.1108/S1569-3732(2012)15
• Category: Article
• ISBN: 1780527896
• ISSN: 1569-3732
• DOI: 10.1108/S1569-3732(2012)0000015009

✦ Synopsis

This volume contains eight empirical papers that examine corporate governance from a number of different perspectives. Howe et al investigate how governance can influence short- and long-term performance in the case of Special Purpose Acquisition Companies; Javakhadze et al analyze limits to convergence in international corporate governance practices; Barak and Lauterbach focus on the private benefits of control; and Dong examines the relation between the discipline of options and corporate debt and the design of executive compensation. Jiang et al measure the effect of R&D expenditures on bondholders; Gondhalekar et al examine the capital market response to financial restatements; Al-Khouri reports robust evidence that privately owned banks are more risky than government-owned banks; and Luo and Jackson conclude that the positive relationship between tunneling and executive compensation implies personal benefits for controlling shareholders at the expense of minority shareholders.