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We systematically analyze how variations in board independence and ownership concentration and type affect corporate social performance (CSP). Drawing from the agency and stakeholder perspectives, we argue that recognizing differences in the distribution of costs and benefits to shareholders and...
Persistent link: https://www.econbiz.de/10011186264
We argue that when stakeholder protection is left to the voluntary initiative of managers, concessions to social activists and pressure groups can turn into a self-entrenchment strategy for incumbent CEOs. Stakeholders other than shareholders thus benefit from corporate governance rules putting...
Persistent link: https://www.econbiz.de/10005572585
Within the spokes model of Chen and Riordan (2007) that allows for non-localized competition among arbitrary numbers of media outlets, we quantify the effect of concentration of ownership on quality and bias of media content. A main result shows that too few commercial outlets, or better, too...
Persistent link: https://www.econbiz.de/10005708016
I document extremely son-biased sex ratios at birth among Asian-born parents in Spain. Using data on the universe of … registered births in Spain during 2007- 2012, I show that there are 117 boys per 100 girls born to Indian parents, compared with …
Persistent link: https://www.econbiz.de/10010849594
Persistent link: https://www.econbiz.de/10005248454
history. Philip II of Spain entered into hundreds of contracts whose value and due date depended on verifiable, exogenous …
Persistent link: https://www.econbiz.de/10009321254
first. Finally the trend of disability in Spain seems not to change among years and regional differences are not found. …
Persistent link: https://www.econbiz.de/10010553344
This article deals with the taxation of private car fuels in Spain, analyzing its theoretical foundations and carrying … evaluate and assess the effects of the new Spanish tax on car fuel sales and of the application in Spain of the EU directive on …
Persistent link: https://www.econbiz.de/10005704840
from the U.S and, more limited, from Spain. Health services contribution to health has been positive in average, especially … during the last 50 years for the U.S and the last 30 years for Spain. This contribution differs among countries and is much ….000 euros per Quality Adjusted Life Year could provide an efficiency threshold for financing publicly health services in Spain …
Persistent link: https://www.econbiz.de/10005704842
Broadly speaking, pharmaceutical policy in Spain has been unable to control either the price or the volume of drugs …
Persistent link: https://www.econbiz.de/10005704844