WebJul 7, 2007 · Abstract. This study tests the agency cost hypothesis in the context of geographic earnings disclosures. The agency cost hypothesis predicts that managers, when not monitored by shareholders, will make self-maximizing decisions which may not necessarily be in the best interest of shareholders. These decisions include aggressively … WebNov 23, 2024 · We examine the association between corporate tax avoidance and empire building using 35,060 firm-year observations from the United States (US) for the period 1991–2015. We build a composite empire building measure by conducting a factor analysis on four popular empire building proxies used in the literature.
Managerial Empire Building - JSTOR
WebMay 1, 2009 · Empire-Building or Bridge-Building? Evidence from New CEOs’ Internal Capital Allocation Decisions - 24 Hours access EUR €48.00 GBP £42.00 USD $52.00 Views 2,237 Altmetric More metrics information Email alerts Article activity alert Advance article alerts New issue alert JEL classification alert WebA large literature in corporate finance is devoted to understanding the inter-nal capital allocation process within conglomerates, yet few empirical studies ... whether they favor the in-group ("empire-building") or the out-group ("bridge-building") in their allocation decisions. My results are broadly consistent with the bridge-building ... brindley house beaconsfield nursery
Stock liquidity, empire building, and valuation
WebJun 1, 2006 · Managers are empire-builders and continue to choose investment projects even after all positive net present value investments have been taken (see Kaplan, 1989, Hennessy and Levy, 2003 ). The second case is that investment is costly for managers. WebApr 11, 2024 · Sonnie Ayere is a goal-oriented financial economist/ investment banker with a strong grasp of macroeconomic principles with over 30 continuous years of solid experience in Corporate and Structured Finance, Banking, and Asset Management. He has worked with HSBC, NatWest Bank, Sumitomo Mitsui Bank, Bank of Montreal Nesbitt … WebJun 1, 2006 · Managers are empire-builders and continue to choose investment projects even after all positive net present value investments have been taken (see Kaplan, 1989, Hennessy and Levy, 2003). The second case is that investment is costly for managers. brindley honda west bromwich service