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analysis to all politicians (almost 160.000) belonging to a political body in Italy. Overall, our dataset contains 1.858 board … members referring to 127 cooperative banks.Results show that politically connected banks, in which politicians have executive … statutes of the Italian cooperative banks, we argue that the problem is not for politicians to be in the boards but for them to …
Persistent link: https://www.econbiz.de/10013120336
the prevalence of former politicians as non-executive directors in ASX-listed companies and the market reaction to their … appointment. In our sample of 1,561 companies in 2007, we find that former federal, state, local and foreign politicians hold … former politicians is significantly lower than non-politicians. This indicates that shareholders do not value the expertise …
Persistent link: https://www.econbiz.de/10013081335
This study examines the relationship between firms' political connections and their confidence in achieving enhanced future sales. Using firm-level survey data from selected Middle Eastern and North African (MENA) countries, we apply ordered probit regressions to demonstrate that businesses with...
Persistent link: https://www.econbiz.de/10014637103
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This paper studies the turnover of board of directors members in a sample of 72 companies listed on the Milan Stock Exchange during the period 1988-1996. We investigate whether board members change more frequently when company performance is poor, as the literature suggests, and whether and how...
Persistent link: https://www.econbiz.de/10011318600
evidence gathered so far is however inconclusive, given that potential reverse causality may bias results. In Italy, the Law …
Persistent link: https://www.econbiz.de/10012910901
European comparisons for the 2000s show that Italy was among the EU countries where women were least represented in …
Persistent link: https://www.econbiz.de/10013017466
Persistent link: https://www.econbiz.de/10012610691
companies controlled by public entities in Italy. For this purpose, we exploit a reform-induced exogenous change in board … politicians has decreased. The new directors have mostly replaced older and less talented men, thereby rejuvenating the boards and …
Persistent link: https://www.econbiz.de/10013226479