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is delegated to a cohort of full?time executives, there needs to be “good” managers. In Britain, however, ownership …
Persistent link: https://www.econbiz.de/10005688021
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
This article analyzes how shareholder protection has developed in 20 countries from 1995 to 2005. In contrast to traditional legal research, it draws on a quanti-tative methodology to law ("leximetrics", "numerical comparative law"). Some of its results are that in most countries shareholder...
Persistent link: https://www.econbiz.de/10005813019
market pressure shape the power relations between the board and managers, and affect the level and structure of CEO pay. The …
Persistent link: https://www.econbiz.de/10005162824
In this paper we build a new and meaningful shareholder protection index for five countries and code the development of the law for over three decades. At-tributing and comparing legal differences by numbers is contrary to the tradi-tional way of doing comparative law and the use of a...
Persistent link: https://www.econbiz.de/10005162829
the persistence of the two components of profitability - capital-output ratios and profit margins. These too raise …
Persistent link: https://www.econbiz.de/10005162843
ownership and strong managers, in the United Kingdom. The experience in Britain is instructive because, with respect to …
Persistent link: https://www.econbiz.de/10005162856
Fund managers are the primary investment decision-makers in the stock market, and corporate executives are their … findings from interview research conducted with chief financial officers (CFOs) and investor relations managers from FTSE 100 … companies and with chief investment officers (CIOs) and fund managers (FMs) from large institutional investors. Of particular …
Persistent link: https://www.econbiz.de/10005162865
the institutions own profit maximisation and the need to position themselves against competitor institutions in the …
Persistent link: https://www.econbiz.de/10005687943
This chapter addresses the changing nature of corporate governance in the United Kingdom over recent decades and examines whether these changes have had an impact on the UK market for corporate control. The disappointing outcomes for acquiring company shareholders in the majority of corporate...
Persistent link: https://www.econbiz.de/10005687947