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What is the Relation (if any) Between a Firm's Corporate Governance Arrangements and its Financial Performance?
Wessels, Roberto E.; Wansbeek, Tom J.; Dam, Lammertjan - CESifo - 2014
We present a model to test the null hypothesis that firms organize their corporate governancearrangements optimally given the constraints they face. Following the literature, the modelrejects the null if the conditional correlation between governance and performance issignificantly different...
Persistent link: https://www.econbiz.de/10011249564
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Corporate Governance and Acquisitions: Acquirer Wealth Effects in the Netherlands
Jong, A. de; Poel, A.M. van der; Wolfswinkel, M. - Erasmus Research Institute of Management (ERIM), ERIM … - 2007
the shareholders. Corporate governance structures serve to constrain managers in their acquisition activity. In this … corporate governance, because the managerial board has a relatively strong position vis-à-vis shareholders. Several takeover … such fights. On the other hand, ownership is relatively concentrated, which may provide shareholders with the incentives …
Persistent link: https://www.econbiz.de/10005288562
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Ownership Structure, Investment Behavior and Firm Performance in Japanese Manufacturing Industries
Gedajlovic, E.R.; Yoshikawa, T.; Hashimoto, M. - Erasmus Research Institute of Management (ERIM), ERIM … - 2001
examine six distinct categories of Japanese shareholders: foreign investors, investment funds, pen sion funds, banks and …
Persistent link: https://www.econbiz.de/10005288569
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Royal Ahold: A Failure Of Corporate Governance
Jong, A. de; DeJong, D.V.; Mertens, G.M.H.; Roosenboom, … - Erasmus Research Institute of Management (ERIM), ERIM … - 2005
Royal Ahold (Koninklijke Ahold NV) was one of the major success stories in the 1990s and is one of the major failures in corporate governance, suffering a complete meltdown in 2003. This clinical study analyzes Ahold’s growth strategy through acquisitions and isolates the cause of the...
Persistent link: https://www.econbiz.de/10005288668
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Corporate Finance In Europe Confronting Theory With Practice
Brounen, D.; Jong, A. de; Koedijk, C.G. - Erasmus Research Institute of Management (ERIM), ERIM … - 2004
In this paper we present the results of an international survey among 313 CFOs on capital budgeting, cost of capital, capital structure, and corporate governance. We extend previous results of Graham and Harvey (2001) by broadening their sample internationally, by including corporate governance,...
Persistent link: https://www.econbiz.de/10005288685
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A Balanced Theory of Sourcing, Collaboration and Networks
Nooteboom, B. - Erasmus Research Institute of Management (ERIM), ERIM … - 2002
In a synthesis of recent advances, this article gives a fresh, balanced theory of inter-organizational relations. It integrates competence and governance perspectives. It considers the choice between mergers/acquisitions and alliances. It offers a toolbox of instruments to govern relational...
Persistent link: https://www.econbiz.de/10005288696
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Organisational Path-Dependence and Institutional Environment
Carney, M.; Gedajlovic, E.R. - Erasmus Research Institute of Management (ERIM), ERIM … - 2001
Through a case study of Chinese Family Business Groups (FBGs) in East Asia, this paper examines the relationship between the strategic behaviour exhibited by an organisational form and it's administrative heritage. To do so, we trace the origins of the strategic behaviour which scholars commonly...
Persistent link: https://www.econbiz.de/10005288791
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The Role of Self-Regulation in Corporate Governance
Jong, A. de; DeJong, D.V.; Mertens, G.M.H.; Wasley, C. - Erasmus Research Institute of Management (ERIM), ERIM … - 2001
This paper assesses the effectiveness of self-regulation to promote investor interests. The Netherlands provides an excellent opportunity to gather such evidence for two reasons. First, characteristics of the Dutch corporate governance structure have made it the recent focus of attention by the...
Persistent link: https://www.econbiz.de/10005288841
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De Ratio van Corporate Governance
Jong, A. de - Erasmus Research Institute of Management (ERIM), ERIM … - 2006
Abe de Jong (1970) is Professor in Corporate Finance and Corporate Governance at RSM Erasmus University. He obtained a PhD in finance at Tilburg University (1999). His research and teaching interests are in the area of empirical corporate finance and include capital structure choice, dividend...
Persistent link: https://www.econbiz.de/10005304725
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Shareholders’ Voting at General Meetings: Evidence from the Netherlands
Jong, A. de; Mertens, G.M.H.; Roosenboom, P.G.J. - Erasmus Research Institute of Management (ERIM), ERIM … - 2004
We study annual general meetings of shareholders in the Netherlands. The Dutch corporate governance system is … legal protection of shareholders is poor due to takeover defenses, such as certificates, which deprive shareholders from … the shareholders is present at the meeting. This is low in comparison with shareholder turn-out in Anglo-Saxon countries …
Persistent link: https://www.econbiz.de/10005209578