股票价格崩盘风险和与军方相关的董事会:来自泰国的证据
Sirimon Treepongkaruna1,2, Pattanaporn Chatjuthamard3, Arnat Leemakdej4
1Sustainability in Finance & Capital Market Development Research Unit, Sasin School of Management, Chulalongkorn University, Bangkok, Thailand.
PloS one
|June 1, 2023
概括
与军方有联系的董事会的公司表现出较低的股价崩盘风险. 这些董事会作为有效的内部治理工具,将管理行动与利益相关方利益相协调,并降低机构成本.
科学领域:
- 公司治理 公司治理
- 金融经济学 金融经济学
- 风险管理 风险管理
背景情况:
- 机构理论和利益相关者理论认为,有效的董事会可以降低机构成本.
- 内部治理机制对于公司监管至关重要.
- 与军方有联系的董事会在公司治理中的具体作用仍然未被充分探索.
研究的目的:
- 调查与军方有联系的董事会是否可以作为有效的治理工具.
- 检查与军方相关的董事会对股价崩盘风险的影响.
主要方法:
- 使用仪器变量分析来解决潜在的内源性.
- 该研究分析了与军方相关的董事会存在与股票价格崩盘风险之间的关系.
主要成果:
- 与军方有联系的董事会的公司显示,股价暴跌的风险较低.
- 这些发现是强有力的,不太可能是由内源性问题驱动的.
结论:
- 与军方相关的董事会作为一个有价值的内部治理机制.
- 这些董事会促进透明度,并确保管理对所有利益相关者的问责,与保守主义和利益相关者理论相一致.
相关概念视频
Relative Risk
249
Relative risk (RR) is a statistical measure commonly used in epidemiology to compare the likelihood of a particular event occurring between two groups. This metric is important for evaluating the relationship between exposure to a specific risk factor and the probability of a particular outcome. It plays a crucial role in medical research, public health studies, and risk assessment. Relative risk quantifies how much more (or less) likely an event is to occur in an exposed group compared to an...
249
Hazard Ratio
170
The hazard ratio (HR) is a widely used measure in clinical trials to compare the risk of events, such as death or disease recurrence, between two groups over time. It reflects the ratio of hazard rates—the instantaneous risk of the event occurring—between a treatment group and a control group. This measure provides valuable insights into the relative effectiveness of a treatment by assessing how the risk of an event differs between the two groups.
For example, in a clinical trial...
For example, in a clinical trial...
170
Drug Control Governance: Regulatory Bodies and Their Impact
197
Drug control governance involves the oversight and regulation of pharmaceuticals to ensure their safety and efficacy while preventing illegal drug use and trafficking. Regulatory bodies, including the US Food and Drug Administration (FDA) and the European Union's European Medicines Agency (EMA), play a central role in this process. These agencies evaluate the safety and efficacy of drugs before they can be marketed. They fund clinical trials and assess the benefits and risks associated with...
197
Testing a Claim about Standard Deviation
2.5K
A complete procedure to test a claim about population standard deviation or population variance is explained here.
The hypothesis testing for the claim of population standard deviation (or variance) requires the data and samples to be random and unbiased. The population distribution also must be normal. There is no specific requirement on the sample size as the estimation is based on the chi-square distribution.
As a first step, the hypothesis (null and alternative) concerning the claim about...
The hypothesis testing for the claim of population standard deviation (or variance) requires the data and samples to be random and unbiased. The population distribution also must be normal. There is no specific requirement on the sample size as the estimation is based on the chi-square distribution.
As a first step, the hypothesis (null and alternative) concerning the claim about...
2.5K


