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governance systems, for two extreme cases concerning Roe's independent variable: Switzerland and Sweden. Starting from a position … Switzerland during the 1990s, but no comparable change in Sweden up until the early 2000s. These developments occurred against the … dominance over the political arena by centre-right parties; in Sweden, no change took place despite the fact that centre …
Persistent link: https://www.econbiz.de/10005813009
explanation of centre-right preferences. Based on the cases of the Netherlands, Sweden and Switzerland I show that the ownership …
Persistent link: https://www.econbiz.de/10010614653
governance reforms, while centre-right parties oppose such reforms. Based on case studies of Switzerland, Sweden, and the …-shareholder reforms were made possible by centre-right not centre-left support; In Sweden and the Netherlands pro-shareholder reforms were …
Persistent link: https://www.econbiz.de/10005549416
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
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
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
A striking feature of theorising about corporate governance, whether from the perspective of economics or in terms of a stakeholder model of the company, is that even quite basic questions posed at the outset remain to be answered. Thus, in the case of economic theorising about the firm, it has...
Persistent link: https://www.econbiz.de/10005813012
Although codes of corporate governance have come to be widely used as a mode of regulating corporations, our understanding of how they function is still rather limited. In this paper we describe the design of such code regimes and propose a theoretical framework for studying their effects. On...
Persistent link: https://www.econbiz.de/10005813026
conditions where management can convince shareholders of the long-term gains from this approach, and where other regulatory …
Persistent link: https://www.econbiz.de/10005162820
This paper investigates the effects of corporate governance factors and family ties on the pay of managing directors in a sample of Indian stock listed companies. It uses a unique seven-year firm level panel dataset and controls for firm performance and both CEO and firm specific fixed effects....
Persistent link: https://www.econbiz.de/10005162824