Block-ownership structure, bank nominee director and crash-risk

Simple item page
dc.contributor.authorChauhan, Yogesh
dc.contributor.authorWadhwa, Kavita
dc.contributor.authorSyamala, Sudhakar Reddy
dc.contributor.authorGoyal, Abhinav
dc.date.accessioned2020-01-22T15:07:25Z
dc.date.available2020-01-22T15:07:25Z
dc.date.issued2015-07-13
dc.date.updated2020-01-22T15:03:45Z
dc.description.abstractWe 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.description.statusPeer revieweden
dc.description.versionAccepted Versionen
dc.format.mimetypeapplication/pdfen
dc.identifier.citationChauhan, 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.2015.07.002en
dc.identifier.doi10.1016/j.frl.2015.07.002en
dc.identifier.endpage28en
dc.identifier.issn1544-6123
dc.identifier.journaltitleFinance Research Lettersen
dc.identifier.startpage20en
dc.identifier.urihttps://hdl.handle.net/10468/9558
dc.identifier.volume14en
dc.language.isoenen
dc.publisherElsevieren
dc.relation.urihttp://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.urihttps://creativecommons.org/licenses/by-nc-nd/4.0/en
dc.subjectAgency problemen
dc.subjectBank nomineeen
dc.subjectBlock-ownershipen
dc.subjectCrash-risken
dc.titleBlock-ownership structure, bank nominee director and crash-risken
dc.typeArticle (peer-reviewed)en
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
Goyal_2015_WPS_Block_ownership_bank_nominee_director_and_crash_risk.pdf
Size:
260.03 KB
Format:
Adobe Portable Document Format
Description:
Accepted version
Download
License bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
license.txt
Size:
2.71 KB
Format:
Item-specific license agreed upon to submission
Description:
Download
Collections
Cork University Business School - Journal Articles
Accounting and Finance - Journal Articles