Listar por autor "Ormazabal, Gaizka"
Mostrando ítems 1-4 de 4
-
Capital structure under collusion
Ferrés, Daniel; Ormazabal, Gaizka; Povel, Paul; Sertsios, Giorgio (Elsevier, 2021) -
Capital structure under collusion
Ferrés, Daniel; Ormazabal, Gaizka; Povel, Paul; Sertsios, Giorgio (Universidad de Montevideo, Facultad de Ciencias Empresariales y Economía, Departamento de Economía, 2016)We study the financial leverage of firms that collude by forming a cartel. We find that cartel firms have lower leverage ratios during collusion periods, consistent with the idea that reductions in ... -
Whistleblowers on the board? The role of independent directors in cartel prosecutions
Campello, Murillo; Ferrés, Daniel; Ormazabal, Gaizka (Universidad de Montevideo, Facultad de Ciencias Empresariales y Economía, Departamento de Economía, 2017)Stock market reactions to news of cartel prosecutions are muted when indicted firms have a high proportion of independent directors serving on their boards. This finding is robust to self-selection and is more pronounced ... -
Whistleblowers on the board? The role of independent directors in cartel prosecutions
Campello, Murillo; Ferrés, Daniel; Ormazabal, Gaizka (Universidad de Montevideo, Facultad de Ciencias Empresariales y Economía, Departamento de Economía, 2015)Stock market reactions to news of cartel prosecutions are muted when indicted firms have a highproportion of independent directors serving on their boards. This finding is robust to self-selectionand is more pronounced ...