Large shareholder

The International Accounting Standards require entities to report useful and accurate information, enabling shareholders and others to make informed investment decisions. This research investigates the array of factors that influence the investment decision-making of shareholders in the Stock Exchange of Thailand (SET). The research employed a mixed research methodology that combines quantitative and a qualitative analysis to obtain empirical data on the factors that impact on Thai shareholders investing in large asset-based industries in the SET.

355p runthenight04 02-02-2023 2 1   Download

This research using data of 27 essential consumer goods firms which are listed on Ho Chi Minh Stock Exchange (HOSE) from 2011 - 2018 in Vietnam, with variables related to ownership structure, to investigate the effect of different ownership structure characteristics on these firms’ market price.

13p vijihyo2711 25-09-2021 16 2   Download

There is a bourgeoning strand of academic literature dealing with the matter of corporate governance in the exchange industry. Large part of that literature investigates the reasons why exchanges modify their legal status. In particular, it tries to find a viable economic explanation to the demutualization of exchanges and the subsequent listing of major exchanges. The corporatization of exchanges would mirror the attempt to balance the vested interests of brokerage firms and outside shareholders, locals and international intermediaries, listed firms and platform users.

17p 035522894 13-04-2020 23 3   Download

This paper examines the impact of diversity in board members of firms on financial distress risk in China from 2005 to 2015. Using data from CSMAR database, the research finds that firms with women directors will decrease their distress risk by one forth. Such firms enjoy access to bank loans with larger size, from more banks and at higher frequencies to resist funding risk, which implies stronger financing ability and confirms gender diversity effect.

1p chauchaungayxua2 19-01-2020 20 0   Download

This study examines the relationship between large shareholders and firm value and how this relation varies with the large shareholders’ power and incentive to expropriate a firm’s wealth. We find this relation is U shaped with the turning point at around 45% and 65% for the largest shareholders and total blockholders, respectively.

29p viartemis2711 22-10-2019 8 1   Download

This paper identifies determinants associated with probability of banking crisis in Vietnam. By using data sample of more than 30 commercial banks from 2005 to 2013, the results from our multivariate logit model indicate that banking crisis tends to erupt as non-performing loans, borrowings from government and State bank of Vietnam are high.

18p vithomasedison2711 14-08-2019 34 1   Download

Th ere are a multitude of corporate structures and terminologies used in capitalist economies. For purposes of this discussion we will focus on publicly listed corporations (or fi rms) typical of those traded on stock markets. Th ese are defi ned as consisting of shareholders, directors representing shareholder inter- ests, executives reporting to the directors, and employees managed by the execu- tives ( Jensen and Mecklin 1976). Execu- tives are employees with power over the corporation’s assets.

6p trinhcaidat 19-04-2013 60 4   Download

The Reserve Fund was only the second MMMF to break the buck since the SEC adopted rules governing these funds in 1983, with the first being the Community Bankers US Government Fund in 1994. 6 Both funds had losses significant enough to cause them to break the buck and sponsors that were unable to provide non-contractual support to prevent the losses from being passed on to shareholders. However, it was the lack of sponsor support for these two funds that was more unusual than the underlying losses suffered, as credit events have impacted many more than two funds in the...

20p hongphuocidol 04-04-2013 65 8   Download

The Company seeks to provide a comprehensive range of sub-funds with the purpose of spreading investment risk and satisfying the requirements of investors seeking income, capital conservation and growth. In carrying out the investment objectives of the Company, the Board of Directors at all times seeks to maintain an appropriate level of liquidity in the assets of the sub-funds so that redemptions of Shares under normal circumstances may be made without undue delay upon request by shareholders.

36p dangsuynghi 15-03-2013 47 6   Download

The shareholder accepts that the Management Company, being responsible for the processing of personal data, has authorised the HSBC Group as promoter and any distributor that is also a member of the HSBC Group to have access to data concerning him/her for the purpose of shareholder service and the promotion of products relating to the Company or any other products of the HSBC Group and thus process them in accordance with the provisions of the Law of 2 August 2002.

180p dangsuynghi 15-03-2013 59 7   Download

We also see a wider role for audit committees, in typical circumstances, in ensuring that the company has sound internal financial control systems and systems for the control of non-financial risks, of the kind dealt with in the Turnbull report ‘Internal Control – Guidance for Directors on the Combined Code’. Some boards may decide to take on this role themselves or to delegate it to a separate ‘risk committee’, and we would not wish our guidance to remove those options.

41p tay_thi_le 19-02-2013 49 4   Download

The high ownership concentration can also serve as a credible commitment that the controlling owner is willing to build a reputation for not expropriating minority shareholders (Gomes, 2000). The commitment is credible because minority shareholders know that if the controlling owner unexpectedly extracts high levels of private benefits when he/she still holds a substantial amount of shares, they will discount the stock price accordingly, and the majority owner’s share value will be reduced.

44p bin_pham 06-02-2013 63 4   Download

The ownership of listed companies in East Asia is typically concentrated in the hands of large shareholders. This concentrated control is achieved through complicated ownership arrangements, i.e., stock pyramids and cross-shareholdings.3 In this section, we discuss the forces that shape the ownership structure. We then discuss how the ownership structure shapes the firms’ agency problems, through its entrenchment and incentive alignment effects on controlling owners.

487p bin_pham 06-02-2013 59 10   Download

The financial statements of Koninklijke Philips Electronics N.V. (the ‘Parent Company') are included in the statements of the Philips Group. The unconsolidated statements of income of Koninklijke Philips Electronics N.V. therefore reflect only the net after-tax income from affiliated companies and other income after taxes. The accompanying notes are an integral part of the consolidated financial statements. Presentation balance sheet and income statement In 1997, the Company changed the format of its consolidated balance sheet presentation.

153p bin_pham 06-02-2013 62 10   Download

Organizational
form
has
important
implications
for
economic
behavior,
performance,
and
business
activities
of
financial
firms
(see,
e.g.,
O’Hara
1981,
Rasmusen
1988,
and
Fama
and
Jensen
1983).
One
unusual
characteristic
among
financial
intermediaries
is
the
fact
that
mutual
and
stock
companies
coexist
(Amess
2002),
while
outside
the
financial
sector,
stock
firms
dominate
and
mutual
companies
are
relatively
rare
(Remmers
2003).

7p machuavo 19-01-2013 40 2   Download

Everyone keeps data. Big organizations spend millions to look after their payroll, customer, and transaction data. The penalties for getting it wrong are severe: businesses may collapse, shareholders and customers lose money, and for many organizations (airlines, health boards, energy companies), it is not exaggerating to say that even personal safety may be put at risk. And then there are the lawsuits. The problems in successfully designing, installing, and maintaining such large databases are the subject of numerous books on data management and software engineering.

242p bachduong1311 12-12-2012 71 11   Download

The group of investors to pay most attention to are the large, long only institutional investors with good cash-flow into their funds, a track record at investing in your company’s asset class and with a tendency to hold their investments for extended periods. They are the investors who are likely to be there for a company’s next round of capital raising. They are the investors who will add quality and respectability to your shareholder register thus encouraging others to invest.

54p bocapchetnguoi 06-12-2012 47 1   Download

The risk-return profile of callable (non-amortizing) and prepayable (amortizing) securities is therefore not symmetrical. Investors in these securities have limited upside price potential. Investors are not willing to pay large premium prices for assets that can be called. Investors use the term “price compression” to refer to the inability of such securities to trade at prices significantly above par. However, these securities can have significant downside price potential.

49p bocapchetnguoi 05-12-2012 38 1   Download

The CoE approach permits a number of permutations in terms of the level of disclosure and enforcement. For example, a listed company may be requested to disclose whether it is in compliance with individual recommendations of the code or merely with the code globally. In terms of the enforcement, the ability of exchanges or other regulators to pursue companies which do not provide adequate levels of disclosure also varies. In most cases, CoE codes are subject to some form of regulatory enforcement, but they may also be subject to enforcement largely by shareholders (e.g.

87p bocapchetnguoi 05-12-2012 55 4   Download

Now that we’ve reviewed the building blocks for money market funds, it’s time to apply what you’ve learned. Imagine you’ve been given the task of managing a large multibillion-dollar money market fund. What would you do? Let’s give it a try.We’ll assume that the fund is a taxable general purpose money market mutual fund. Your responsibility to investors means that you will to do everything you can to maintain the stable $1.00 NAV and to assure liquidity any time a shareholder wants to withdraw cash—while providing a competitive yield.

23p quaivatdo 18-11-2012 52 4   Download