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decision making? Would outcomes improve (or be worse) if more investment were made toward ESG? …
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Board composition is central to the worldwide corporate governance reforms that have taken place in recent years. The strong emphasis on director independence and board leadership is now part of all corporate governance regimes, including the regimes which has been introduced in Malaysia. It is...
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This study examines the implications of CEO power on the board structure of banks in the Ghanaian banking industry. Using a unique hand-collected dataset in respect of 21 commercial banks in Ghana for the 2009 – 2017 periods, the results show that CEO power underscores the absence or lack of...
Persistent link: https://www.econbiz.de/10012057302
One of the most controversial issues in corporate governance is whether the CEO of a corporation should also serve as chairman of the board. In theory, an independent board chair improves the ability of the board to oversee management. However, an independent chairman is not unambiguously...
Persistent link: https://www.econbiz.de/10011864829
extreme tail events, the epidemic experience induces entrepreneurs to undervalue profitable investment projects. In particular … distress during the outbreak of SARS. In addition, those firms have lower investment-Q sensitivities and worse performances …, implying that the reduction in corporate investment is inefficient. Our paper reveals a specific channel through which epidemic …
Persistent link: https://www.econbiz.de/10012827060
-related information. This exacerbates pre-existing agency frictions and may lead to investment inefficiencies. To counteract this … expense of residual inefficiency. Our findings thus highlight that shareholders' tolerance for investment inefficiencies may … and boards may impact investment efficiency, information quality, project profits, and management rents in a non …
Persistent link: https://www.econbiz.de/10014506660
In the German two-tiered system of corporate governance, it is not uncommon for chief executive officers (CEOs) to become the chairman of the supervisory board of the same company upon retirement. This practice has been discussed controversially because of potential conflicts of interest. As a...
Persistent link: https://www.econbiz.de/10009784862