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cost control and corporate governance. The model discusses why it is important to uphold the shareholders' interests and …This study is an attempt to develop a conceptual decision dynamics model in order to analyze the relationship between … requires protecting the interests of all stakeholders, cost control by that organization should be well guided by the corporate …
Persistent link: https://www.econbiz.de/10011212970
A detailed analysis of 49 firms subject to AAERs suggests that approximately one-quarter of the misstatements meet the legal standards of intent. In the remaining three quarters, the initial misstatement reflects an optimistic bias that is not necessarily intentional. Because of the bias,...
Persistent link: https://www.econbiz.de/10010572404
In the last dozen years, economists have produced a considerable body of research suggesting that the historical origin of a country’s laws is highly correlated with a broad range of its legal rules and regulations, as well as with economic outcomes. Much of this research has dealt with rules...
Persistent link: https://www.econbiz.de/10014025558
China's fuzzy corporate governance rules (whether hard or soft) do not help company managers, government officials and others coordinate and cooperate - the raison d’etre for corporate governance rules. In a corporate system dominated by personal relationships and rules, clarity and...
Persistent link: https://www.econbiz.de/10011789071
This chapter documents the evolution of ownership and control of firms around the world over a hundred year period from … interests, the chapter argues that in some countries they played a central role not just in exercising control but also in …
Persistent link: https://www.econbiz.de/10014023371
not fired when performance deteriorates due to factors deemed explicitly to be beyond their control, nor are they fired …
Persistent link: https://www.econbiz.de/10008491717
number of citations to patents. Thus managers who are protected from takeover market perform worse on innovation. However …
Persistent link: https://www.econbiz.de/10010744411
This study explores the relationship between the operating performance and corporate governance of bank holding companies (BHCs) in the U.S. The modified data envelopment analysis (DEA) is utilized to integrate the five rating indicators of CAMEL (Capital Adequacy, Asset Quality, Management,...
Persistent link: https://www.econbiz.de/10011048703
-specific performance and CEO turnover is reinforced by the control-oriented culture and reduced by the creation-oriented culture. Finally …
Persistent link: https://www.econbiz.de/10010939812
We show that public companies frequently changed their board structures before implementation of the Sarbanes–Oxley Act, with two-thirds of firms changing board size or independence during an average two-year period. Board changes were associated with changes in firm-specific fundamentals, but...
Persistent link: https://www.econbiz.de/10010719628