Similar Search Results

Flexible or not? The Comply-or-Explain Principle in UK and German Corporate Governance

Sanderson, P.; Seidl, D.; Roberts, J.; Krieger, B. - ESRC Centre for Business Research - 2010

The current financial crisis has given rise to calls to toughen considerably the codes of corporate governance put in place in many countries to regulate corporate behaviour (e.g. the UK Combined Code). These codes vary slightly in form but tend to contain a mix of non-discretionary regulations...

Persistent link: https://www.econbiz.de/10010858394

Foreign Corporate Ownership and Dividends

Chai, D.H. - ESRC Centre for Business Research - 2010

.e. dividends can substitute for direct monitoring of firms by large external shareholders. . …

Persistent link: https://www.econbiz.de/10010614637

Governance, Regulation and Financial Market Instability: The Implciations for Policy

Konzelmann, Sue; Wilkinson, Frank; Fovargue-Davies, Marc; … - ESRC Centre for Business Research - 2009

Just as the 1929 Stock Market Crash discredited Classical economic theory and policy and opened the way for Keynesianism, a consequence of the collapse of confidence in financial markets and the banking system – and the effect that this has had on the global macro economy – is currently...

Persistent link: https://www.econbiz.de/10010614639

Horse, Cow, Sheep, or 'Thing-In-Itself'? The Cognitive Origins of Corporate Governance in Switzerland, Germany, and the US, 1910s-1930s

Lüpold, M.; Schnyder, Gerhard - ESRC Centre for Business Research - 2009

This paper investigates the origins of the shareholder-orientated corporate governance (CG) model of the US and the stakeholder-orientated model prevailing in continental Europe (exemplified by Switzerland and Germany) for most of the 20th century. We reject the most common theories, which...

Persistent link: https://www.econbiz.de/10010614643

Applying 'Comply-or-Explain': Conformance with Codes of Corporate Governance in the UK and Germany

Seidl, David; Sanderson, Paul; Roberts, John - ESRC Centre for Business Research - 2009

The comply-or-explain principle is a central element of most codes of corporate governance. Originally put forward by the Cadbury Committee in the UK as a practical means of establishing a code of corporate governance whilst avoiding an inflexible ‘one size fits all’ approach, it has since...

Persistent link: https://www.econbiz.de/10010614644

Law, Finance and Development Further Analyses of Longitudinal Data

Sarkar, Prabirjit; Singh, Ajit - ESRC Centre for Business Research - 2009

This paper analyses a longitudinal dataset on legal protection of shareholders over a 36 year period, 1970-2005 for …

Persistent link: https://www.econbiz.de/10010614647

The Mechanism of Voting Efficiency

Schouten, M.C. - ESRC Centre for Business Research - 2010

In the wake of the financial crisis, shareholders are increasingly relied upon to monitor directors. But while much has … been written about directors' flawed judgments, remarkably little is known about shareholders' ability to make accurate … judgments. What determines whether shareholders make the right decision when asked to vote on, say, a merger? This paper takes a …

Persistent link: https://www.econbiz.de/10010614650

Firm Ownership and Philanthropy

Chai, D.H. - ESRC Centre for Business Research - 2010

This paper empirically examines the relationship between firm ownership structure and corporate charitable donations. Using a panel data set of 1,017 listed Korean firms, we find that larger firms with higher advertising intensity and lower export intensity 'give' relatively more, suggesting...

Persistent link: https://www.econbiz.de/10010614651

Corporate Governance and Financial Crisis in the Long Run

Deakin, S. - ESRC Centre for Business Research - 2010

Prior to the global financial crisis which began in 2007, corporate governance reforms of the preceding thirty years had promoted a shareholder-value based model of management for which there was little historical precedent. The underlying legal model of the firm retained a vestigial sense of...

Persistent link: https://www.econbiz.de/10010614652

Varieties of Insider Corporate Governance: Centre-Right Preferences and the Determinants of Reform in the Netherlands, Sweden and Switzerland

Schnyder, G. - ESRC Centre for Business Research - 2010

The impact of centre-left political parties' preferences on a given country's corporate governance system has been widely debated and empirically investigated. Comparatively few efforts have been made to analyse the preferences of centre-right parties and to link these to the 'employer side' of...

Persistent link: https://www.econbiz.de/10010614653