User profiles for Wolfgang Drobetz
Wolfgang DrobetzHamburg University Verified email at uni-hamburg.de Cited by 8845 |
Corporate governance and expected stock returns: Evidence from Germany
W Drobetz, A Schillhofer… - European financial …, 2004 - Wiley Online Library
Recent empirical work shows evidence for higher valuation of firms in countries with a better
legal environment. We investigate whether differences in the quality of firm‐level corporate …
legal environment. We investigate whether differences in the quality of firm‐level corporate …
An integrated framework of corporate governance and firm valuation
Recent empirical research shows evidence of a positive relationship between the quality of
firm‐specific corporate governance and firm valuation. Instead of looking at one single …
firm‐specific corporate governance and firm valuation. Instead of looking at one single …
What determines the speed of adjustment to the target capital structure?
W Drobetz, G Wanzenried - Applied Financial Economics, 2006 - Taylor & Francis
A dynamic adjustment model and panel methodology are used to investigate the determinants
of a time varying target capital structure. Because firms may temporarily deviate from their …
of a time varying target capital structure. Because firms may temporarily deviate from their …
Is board size an independent corporate governance mechanism?
S Beiner, W Drobetz, F Schmid, H Zimmermann - Kyklos, 2004 - Wiley Online Library
Using a simultaneous equations framework with a comprehensive set of publicly listed Swiss
companies, our findings suggest that the size of the board of directors is an independent …
companies, our findings suggest that the size of the board of directors is an independent …
[PDF][PDF] What are the determinants of the capital structure? Some evidence for Switzerland
W Drobetz, R Fix - University of Basel. WWZ/Department of Finance …, 2003 - Citeseer
We test leverage predictions of the trade-off and pecking order models using Swiss data. At
an aggregate level, leverage of Swiss firms is comparatively low, but the results depend …
an aggregate level, leverage of Swiss firms is comparatively low, but the results depend …
Information asymmetry and the value of cash
W Drobetz, MC Grüninger, S Hirschvogl - Journal of banking & finance, 2010 - Elsevier
This study investigates the market value of corporate cash holdings in connection with firm-specific
and time-varying information asymmetry. Analyzing a large international sample, we …
and time-varying information asymmetry. Analyzing a large international sample, we …
Corporate cash holdings: Evidence from Switzerland
W Drobetz, MC Grüninger - Financial Markets and Portfolio Management, 2007 - Springer
This paper investigates the determinants of cash holdings for a comprehensive sample of
Swiss non-financial firms between 1995 and 2004. The median Swiss firm holds almost twice …
Swiss non-financial firms between 1995 and 2004. The median Swiss firm holds almost twice …
Policy uncertainty, investment, and the cost of capital
We examine the effect of economic policy uncertainty on the relation between investment and
the cost of capital. Using the news-based index developed by Baker et al. (2016) for twenty…
the cost of capital. Using the news-based index developed by Baker et al. (2016) for twenty…
The international zero-leverage phenomenon
We analyze the zero-leverage phenomenon around the world. Countries with a common
law system, high creditor protection, and a dividend imputation or dividend relief tax system …
law system, high creditor protection, and a dividend imputation or dividend relief tax system …
Capital structure decisions of globally-listed shipping companies
W Drobetz, D Gounopoulos, A Merikas… - … Research Part E …, 2013 - Elsevier
Debt capital has traditionally been the most important source of external finance in the
shipping industry. The access that shipping companies nowadays have to the capital markets …
shipping industry. The access that shipping companies nowadays have to the capital markets …