Corporate Governance and Expected Stock Returns: Empirical Evidence from Germany by Andreas SchillhoferCorporate Governance and Expected Stock Returns: Empirical Evidence from Germany by Andreas Schillhofer

Corporate Governance and Expected Stock Returns: Empirical Evidence from Germany

byAndreas Schillhofer

Paperback | August 28, 2003 | German

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Based on his Corporate Governance Rating (CGR) for German firms, Andreas Schillhofer documents a positive relationship between the CGR and firm value. In addition, there is strong evidence that expected returns are negatively correlated with the CGR if dividend yields and price-earnings ratios are used as proxies for the cost of capital.
Dr. Andreas Schillhofer promovierte bei Prof. Dr. Heinz Zimmermann am Lehrstuhl für Internationale Unternehmensfinanzierung der Wissenschaftlichen Hochschule für Unternehmensführung (WHU) in Vallendar. Er ist derzeit als Investmentbanker bei Greenhill & Co. in London tätig.
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Title:Corporate Governance and Expected Stock Returns: Empirical Evidence from GermanyFormat:PaperbackPublished:August 28, 2003Publisher:Deutscher UniversitätsverlagLanguage:German

The following ISBNs are associated with this title:

ISBN - 10:3824478889

ISBN - 13:9783824478880

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Table of Contents

Theoretical and conceptual frameworkGovernance mechanisms and firm performanceModeling governance as a reward for riskEmpirical evidence on the relationship between corporate governance and expected returns on equity