Browsing BI Open by Author "Schindele, Ibolya"
Now showing items 1-6 of 6
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Group lending with endogenous group size
Bourjade, Sylvain; Schindele, Ibolya (Journal article; Peer reviewed, 2012)This paper focuses on the size of the borrower group in group lending. We show that, when social ties in a community enhance borrowers incentives to exert e¤ort, a pro t-maximizing nancier chooses a group of limited size. ... -
Liquidity and Shareholder Activism
Norli, Øyvind; Østergaard, Charlotte; Schindele, Ibolya (CCGR Working Paper;1/2014, Working paper, 2014)Blockholders' incentives to intervene in corporate governance are weakened by free-rider problems and high costs of activism. Theory suggests activists may recoup expenses through informed trading of target firms' stock ... -
Liquidity and Shareholder Activism
Norli, Øyvind; Ostergaard, Charlotte; Schindele, Ibolya (CCGR Working Paper, Working paper, 2009)This paper documents that stock liquidity improves shareholders’ incentive to monitor management. Using a hand-collected sample of contested proxy solicitations and shareholder proposals as occurrences of shareholder ... -
Liquidity and shareholder activism
Norli, Øyvind; Østergaard, Charlotte; Schindele, Ibolya (Journal article; Peer reviewed, 2015)Blockholders' incentives to intervene in corporate governance are weakened by free-rider problems and high costs of activism. Theory suggests activists may recoup expenses through informed trading of target rms' stock ... -
Social capital and the viability of stakeholder-oriented firms: Evidence from savings banks
Østergaard, Charlotte; Schindele, Ibolya; Vale, Bent (Journal article; Peer reviewed, 2016)We show that social capital improves the viability of stakeholder-oriented rms operating in competitive markets. Studying exits from the population of Norwegian savings banks after deregulations, we nd that banks located ... -
Social Capital and the Viability of Stakeholder-Oriented Firms: Evidence from Savings Banks
Ostergaard, Charlotte; Schindele, Ibolya; Vale, Bent (CCGR Working Paper;1/2015, Working paper, 2015)We show that social capital improves the viability of stakeholder-oriented firms operating in competitive markets. Studying exits from the population of Norwegian savings banks after deregulations, we find that banks located ...