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This paper provides a two steps investigation of the literature on banking corporate governance. We firstly perform a …
Persistent link: https://www.econbiz.de/10012891591
This study examines the government's incentives to control partially privatized SOEs in share issue privatization in …
Persistent link: https://www.econbiz.de/10013008258
The aim of the present paper is to discuss the role of the Mass Privatization Programme (MPP) in Poland, as a vehicle …, as a novel way of effective privatization of firms involved coupled with their overhaul and in-depth restructuring …. Unlike similar mass privatization schemes in other transition economies (e.g. Russia, Czech Republic or Slovakia) the Polish …
Persistent link: https://www.econbiz.de/10011455113
Investor-driven "short-termism" is said to harm EU public firms' ability to invest for the long term, prompting calls for the EU to better insulate managers from shareholder pressure. But the evidence offered---rising levels of repurchases and dividends---is incomplete and misleading: it ignores...
Persistent link: https://www.econbiz.de/10012511344
Modern banking institutions were virtually non-existent in the planned economies of central Europe and the former … Soviet Union. In the early transition period, banking sectors began to develop during several years of macroeconomic decline … addition, rapid progress in bank privatization and consolidation took place in the late 1990s and early 2000s, usually with the …
Persistent link: https://www.econbiz.de/10014215283
This paper provides an overview of the history of banking transition (1989-2006) in 13 CEE countries – with particular … emphasis on four relatively large Balkan countries (Bulgaria, Croatia, Romania, Serbia and Montenegro). Two “banking reform … European FDI has come to dominate banking in most countries, including those of the Balkans. Recently, credit booms have …
Persistent link: https://www.econbiz.de/10013404450
Corporate Governance relates to mechanisms through which providers of resources to the firm get their share of resources in return. Adequate governance practices help develop capital markets and assist market forces in attaining efficient contracts. Convincing evidence exists that well developed...
Persistent link: https://www.econbiz.de/10005813742
Until late in the twentieth century, internal corporate governance - that is, decision making by the principal constituencies of the firm - was clearly distinct from outside oversight by regulators, auditors and credit rating agencies, and markets. With the 1980s takeover wave and hedge funds'...
Persistent link: https://www.econbiz.de/10013113644
Among the main issues surround corporate governance in Islamic banking is that dealing with the role of Sharī …'ah Supervisory Boards (SSB). The role of the SSB is particularly important before the launching of any new Islamic banking product … and in making strategic decisions. Therefore, in Islamic banking, the role of the SSB is essential, particularly as the …
Persistent link: https://www.econbiz.de/10013072700
The 2007/2008 global financial crisis has reignited the debate regarding the need for effective corporate governance (CG) through sound risk management and reporting practices. This paper, therefore, examines the crucial question of whether the quality of firm-level CG has any effect on the...
Persistent link: https://www.econbiz.de/10013035407