The audit premium for Romanian listed companies Finance essay
Estimating control premiums is one of the most important issues in corporate finance, strongly related to the principles of corporate governance and minority interests. The purpose of this paper is to estimate audit premiums for Romanian listed companies. A larger control premium could be evidence of a small minority. The control premium was estimated as the abnormal return at the time of the announcement of a bid, and the results showed a mean and a median, where P Csh is the price of voting shares and P Psh is the price of non-voting or restricted shares shares. With this standard technology, the average premium for Italian is just as high. 5, Caprio and Depending on the year of observation, some authors have shown both negative and positive values for the. We all agree that the UK's rules for listed companies help investors choose which company shares to buy and actively contribute to good corporate governance. . These rules protect. This research aims to establish the relationship between capital structure and financial performance of Romanian companies listed on the Bucharest Stock Exchange and operating in the manufacturing sector, over a period of eight years, 2003-2010. The analysis is based on cross-sectional regressions. Brief overview of corporate governance structures within listed companies in Romania. Bulletin of Taras Shevchenko National University of Kiev, 201 72-78. DOI. Abstract. This study analyzes the differences in financing policies for Romanian listed companies, taking into account the economic sectors. They further finance their assets, in this order. An optimal capital structure is a. minimum weighted average cost of capital and thereby maximizing the value of companies. Although. An optimal capital structure is a topic that many have already paid a lot of attention to. Listed companies are the most representative example of the corporate governance issue. In the first part of our research, after a brief presentation of the OECD Principles of Corporate Governance and the principle of disclosure and transparency, we present the legal framework of corporate governance in Romania. The purpose of this paper is to identify the effect of ERM in the field of enterprise risk management with company size, ROA and management ownership as control variables on company value as shown by Tobins Q. The population of this study consisted of manufacturing companies listed on the Indonesian fair IDX -2013. As Brendea 2013 pointed out, the recent financial crisis had a positive effect on the financing behavior of Romanian listed companies, indicating that these companies used more debt during the crisis. A study on Romanian listed companies found positive effects of social and environmental protection on the long-term financial performance of listed companies. , as well as a positive influence of the sustainability communication index on the stock price upon information release,