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| dc.contributor.author | Chauhan, Yogesh | |
| dc.contributor.author | Wadhwa, Kavita | |
| dc.contributor.author | Syamala, Sudhakar Reddy | |
| dc.contributor.author | Goyal, Abhinav | |
| dc.date.accessioned | 2020-01-22T15:07:25Z | |
| dc.date.available | 2020-01-22T15:07:25Z | |
| dc.date.issued | 2015-07-13 | |
| dc.identifier.citation | Chauhan, Y., Wadhwa, K., Syamala, S. R. and Goyal, A. (2015) 'Block-ownership structure, bank nominee director and crash-risk', Finance Research Letters, 14, pp. 20-28. doi: 10.1016/j.frl.2015.07.002 | en |
| dc.identifier.volume | 14 | en |
| dc.identifier.startpage | 20 | en |
| dc.identifier.endpage | 28 | en |
| dc.identifier.issn | 1544-6123 | |
| dc.identifier.uri | http://hdl.handle.net/10468/9558 | |
| dc.identifier.doi | 10.1016/j.frl.2015.07.002 | en |
| dc.description.abstract | We study the effect of outside block-ownership on the future firm-specific crash-risk of Indian firms. Major and dedicated block-owners play a significant role in aggravating the firm’s susceptibility towards crash-risk. Within a novel regulatory setup in India, where borrowing firms are entitled to a bank nominated board-member, we find an ancillary influence of bank nominee’s presence in dissipating block-owners influence on firm-level crash-risk. These results support the monitoring hypothesis in alleviating future firm-level crash-risk. Our results are robust to alternate model specifications, different crash-risk and block-ownership measures, clustering, and an array of control variables. | en |
| dc.format.mimetype | application/pdf | en |
| dc.language.iso | en | en |
| dc.publisher | Elsevier | en |
| dc.relation.uri | http://www.sciencedirect.com/science/article/pii/S1544612315000641 | |
| dc.rights | © 2015 Elsevier Inc. All rights reserved. This manuscript version is made available under the CC BY-NC-ND 4.0 licence. | en |
| dc.rights.uri | https://creativecommons.org/licenses/by-nc-nd/4.0/ | en |
| dc.subject | Agency problem | en |
| dc.subject | Bank nominee | en |
| dc.subject | Block-ownership | en |
| dc.subject | Crash-risk | en |
| dc.title | Block-ownership structure, bank nominee director and crash-risk | en |
| dc.type | Article (peer-reviewed) | en |
| dc.internal.authorcontactother | Abhinav Goyal, Cork University Business School, University College Cork, Cork, Ireland. +353-21-490-3000 Email: abhinav.goyal@ucc.ie | en |
| dc.internal.availability | Full text available | en |
| dc.date.updated | 2020-01-22T15:03:45Z | |
| dc.description.version | Accepted Version | en |
| dc.internal.rssid | 500175798 | |
| dc.description.status | Peer reviewed | en |
| dc.identifier.journaltitle | Finance Research Letters | en |
| dc.internal.copyrightchecked | Yes | |
| dc.internal.licenseacceptance | Yes | en |
| dc.internal.IRISemailaddress | abhinav.goyal@ucc.ie | en |
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Except where otherwise noted, this item's license is described as © 2015 Elsevier Inc. All rights reserved. This manuscript version is made available under the CC BY-NC-ND 4.0 licence.