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 ...

股票回購的難題解說
JACOBSEN, Stacey | BHATTACHARYA, Utpal

每當公司宣佈即將回購股票,市場往往視其為好消息,縱使沒有指引要求任何公司進行回購,亦會作出正面回應。事實上,一些公司從沒進行股票回購。究竟為何市場會作出如此反應? 研究員Utpal Bhattacharya和Stace ...