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How do family ties, boards and regulation affect pay at the top? Evidence for Indian CEOs
Fagernäs, Sonja - ESRC Centre for Business Research - 2006
evidence for India supports these hypotheses. Managing directors, who are related to the founding family, or controlling group …
Persistent link: https://www.econbiz.de/10005162824
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Law, Finance, and Politics: The Case of India
Armour, John; Lele, Priya - ESRC Centre for Business Research - 2008
The process of liberalisation of India's economy since 1991 has brought with it considerable development both of its … determinants of investor protection are political, rather than legal. We use the case of India to test these theories. We find … little support for the idea that India's legal heritage as a common law country has been influential in speeding the path of …
Persistent link: https://www.econbiz.de/10005688018
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The Role of the Basle Standards in International Banking Supervision
Alexander, Kern - ESRC Centre for Business Research - 2000
This paper analyses the emerging international supervisory regime for banking institutions that operate on a transnational basis. It focuses on the basle framework as an institutional regime of norms and principles that govern international financial relations amongst the g10 countries. This...
Persistent link: https://www.econbiz.de/10005813011
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The Role of Soft Law in the Legalization of International Banking Supervision: A Conceptual Approach
Alexander, Kern - ESRC Centre for Business Research - 2000
The process of legalization and the role of international soft law in developing international banking supervisory standards are extremely important for assessing the feasibility of establishing effective international rules for banking supervision. This paper analyses the concept of...
Persistent link: https://www.econbiz.de/10005688022
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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
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An End to Consensus? The Selective Impact of Corporate Law Reform on Financial Development
Deakin, S.; Sarkar, P.; Singh, A. - ESRC Centre for Business Research - 2011
Legal origins theory suggests that law reform, strengthening shareholder and creditor rights, should enhance financial development. We use recently created datasets measuring legal change over time in a sample of 25 developing, developed and transition countries to test this claim. We find that...
Persistent link: https://www.econbiz.de/10010548032
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Legal Evolution: Integrating Economic and Systemic Approaches
Deakin, S. - ESRC Centre for Business Research - 2011
This paper explores the scope for synthesis between economic and systemic approaches to the understanding of legal evolution. The evolutionary and epistemic branches of game theory predict that stable norms will emerge when agents share common beliefs concerning future states of the world....
Persistent link: https://www.econbiz.de/10010548034
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The Stock Market, the Market for Corporate Control and the Theory of the Firm: Legal and Economic Perspectives and Implications for Public Policy
deakin, Simon; Singh, Ajit - ESRC Centre for Business Research - 2008
It is argued here that - contrary to current conventional wisdom - an active market for corporate control is not an essential ingredient of either company law reform or financial and economic development. The absence of such a market in coordinated market systems during their modern economic...
Persistent link: https://www.econbiz.de/10005812989
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Insolvency, Employment Protection and Corporate Restructuring: The effects of TUPE
Armour, J.; Deakin, S. - ESRC Centre for Business Research - 2001
The statutory protection currently provided by UK law to employees during transfers of undertakings and other restructurings has been criticised on the grounds that it undermines insolvency procedures and interferes with the 'rescue' process. We present an analysis which suggests that granting...
Persistent link: https://www.econbiz.de/10005813006
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The Reflexive Properties of Corporate Governance Codes: The Reception of the 'Comply or Explain' Approach in Slovenia
Cankar, Nina; Deakin, Simon; Simoneti, Marko - ESRC Centre for Business Research - 2008
The Slovenian Corporate Governance Code for Public Joint-Stock Companies was adopted in March 2004. Using a systems-theoretical approach, we examine the extent to which the implementation of the Code has resulted in the kinds of 'reflexive' learning processes which the 'comply or explain'...
Persistent link: https://www.econbiz.de/10005813008