Figure - uploaded by Naufal Alimov
Content may be subject to copyright.
Source publication
The extent to which actively managed pension funds believe that they add value to their holdings is an important question. Are public pension funds likely to “vote with their feet”, or do they instead try to have an impact when they become dissatisfied with the performance of companies in their portfolios? This study thus tests two competing hypoth...
Context in source publication
Similar publications
A novel piezoelectric actuator using a two-stage flexure hinge structure is proposed in this paper, which is used in a compact and high-precision electromechanical field. The two-stage flexure hinge structure is used to provide horizontal thrust and vertical clamping force to the driving feet, which solves the problems of unstable clamping force an...
The “Heat Flow Property Package Instrument” (HP3) is part of NASA’s current Mars mission “InSight”, which was launched in 2018 and currently operates on the surface of Mars. The instrument needs to remain at its initial position and orientation during operation. Although the landing site can have significant tilt and can be covered with low cohesio...
In this paper, a new Hough transform is proposed to detect lines with geometric meanings. In the standard Hough transform, lines are parameterized by the length and orientation of the normal vector from the origin to the line. The parameter space of the standard Hough transform is presented in a polar coordinate system. Geometric measurements such...
Citations
... A broad stream of literature investigated the CG-performance relationship both in developed (Akbar et al., 2016;Alimov, 2018;Ammann et al., 2011;Bauer et al., 2004;Bhagat & Bolton, 2008;Kyere & Ausloos, 2020;Malik & Makhdoom, 2016) and emerging markets (Black et al., 2014;Claessens & Yurtoglu, 2013;Da Silva & Leal, 2005;Klapper & Love, 2004;Shahwan, 2015;Wahyudin & Solikhah, 2017) providing contradictory results. Apart from contextual and methodological aspects, the mixed findings may be explained by the variations in governance practices and their various measures (Agrawal & Knoeber, 1996;Al-ahdal et al., 2020;Black et al., 2018;Da Silva & Leal, 2005;Iqbal et al., 2019;Klapper & Love, 2004;OECD, 2004;Shahwan, 2015). ...
Corporate governance (CG) is a fundamental criteria for enhancing investors’ and stakeholders’ trust, relatively recently recognized in emerging markets. This study investigates the effects of CG practices on the firm-level financial performance of Borsa Istanbul XKURY-indexed companies during 2007–2019. Four specific aspects of CG are analysed: shareholders’ rights, public disclosure and transparency, stakeholders’ rights, and board of directors functioning, as defined by the Turkish Code of Corporate Governance, in line with international principles of CG issued by OECD. Alternative estimations of panel regression analysis indicate a positive association between stakeholder-oriented governance practices and firm-level financial performance expressed by accounting measures for both financial and non-financial companies. Shareholder protection policies have a negative influence on accounting-based performance, especially for non-financial industries, whereas the corporate practices related to board of directors and public disclosure vary between financial and non-financial entities. These findings contribute to international research on CG implications for emerging markets, providing evidence about the importance of stakeholders’ protection and the distinctive effects of CG dimensions for corporate financial performance.
... These actions come with significant costs; not to mention the likelihood of losing business while spending time and resources on shareholders' activism (Tan and Keeper, 2008). In this context, Alimov (2018) documents that Swedish public pension funds tend to sell their shares in underperforming companies, instead of seeking to influence them through corporate governance mechanisms. ...
... These actions come with significant costs; not to mention the likelihood of losing business while spending time and resources on shareholders' activism (Tan and Keeper, 2008). In this context, Alimov (2018) documents that Swedish public pension funds tend to sell their shares in underperforming companies, instead of seeking to influence them through corporate governance mechanisms. ...
