firm value

Corporate Governance: Reform of Corporate Boards

We examine the impact of corporate board reforms on firm value in 41 countries. Using a difference-in-differen ...

股票回购的难题解说
JACOBSEN, Stacey | BHATTACHARYA, Utpal

每当公司宣布即将回购股票,市场往往视其为好消息,纵使没有指引要求任何公司进行回购,亦会作出正面回应。事实上,一些公司从没进行股票回购。究竟为何市场会作出如此反应? 研究员Utpal Bhattacharya和Stace ...