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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

The Effect of Corporate Taxation and Ownership on Raising Shareholder Capital

Krämer, Robert; Lipatov, Vilen - CESifo - 2013

model with strategic interaction between managers and outside shareholders, we hypothesize that, while an increase in the …

Persistent link: https://www.econbiz.de/10010701082

Does the Glass Ceiling Exist? A Longitudinal Study of Women’s Progress on French Corporate Boards

Dang, Rey; Nguyen, Duc Khuong; Vo, Linh-Chi - Institut de Préparation à l'Administration et à la … - 2014

In this article, we conduct a longitudinal study of women’s progress on French corporate boards of directors. We particularly focus on the extent to which women directors have circumvented the glass ceiling. Using a sample of SBF 120 companies over a 10-year period from 2000 to 2009, our...

Persistent link: https://www.econbiz.de/10010764053

De Ratio van Corporate Governance

de Jong, de Jong, A. - Erasmus Research Institute of Management (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/10010730461

Corporate Finance In Europe Confronting Theory With Practice

Brounen, Brounen, D.; de Jong, de Jong, A.; Koedijk, … - Erasmus Research Institute of Management (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/10010730904

Accommodating Two Worlds in One Organization: Changing Board Models in Agricultural Cooperatives

Bijman, Bijman, W.J.J.; Hendrikse, Hendrikse, G.W.J.; … - Erasmus Research Institute of Management (ERIM), … - 2012

While most economic organisation literature on cooperatives has focused on changes in income rights, we study changes in the allocation of decision rights between board of directors (representing members) and managers. The traditional role of the board is to direct the activities of the...

Persistent link: https://www.econbiz.de/10010730937

Corporate Governance and Acquisitions: Acquirer Wealth Effects in the Netherlands

de Jong, de Jong, A.; van der Poel, van der Poel, A.M.; … - Erasmus Research Institute of Management (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/10010730980

Shareholders’ Voting at General Meetings: Evidence from the Netherlands

de Jong, de Jong, A.; Mertens, Mertens, G.M.H.; … - Erasmus Research Institute of Management (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/10010730998

Organisational Path-Dependence and Institutional Environment

Carney, M.; Gedajlovic, E.R. - Erasmus Research Institute of Management (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/10010731017

An Admiralty for Asia: Isaac le Maire and conflicting conceptions about the corporate governance of the VOC

Gelderblom, Gelderblom, O.; de Jong, de Jong, A.; … - Erasmus Research Institute of Management (ERIM), … - 2010

the preeminent position given to the Estates General as the VOC’s main principal, to the detriment of shareholders …’ interests. Protests by Isaac le Maire and Willem Usselinx about the board’s disregard for shareholders rooted in a conviction …, the perceived public interest of a strong military presence in Asia prevented shareholders’ protests from changing the …

Persistent link: https://www.econbiz.de/10010731126