Showing 1 - 10 of 124
We analyze the role of debt in corporate governance with respect to a large emerging economy, India, where debt has been an important source of external finance. First, we examine the extent to which debt acts as a disciplining device in those corporations where potential for over investment is...
Persistent link: https://www.econbiz.de/10009365427
This study examines business groups and their impact on corporate governance in Pakistan. We use non-financial firms listed on the Karachi Stock Exchange of Pakistan for 1998-2002 periods in order to select group and non-group samples. Our analysis find that group firms have higher...
Persistent link: https://www.econbiz.de/10009363288
This study examines the effects of institutional and foreign ownership on the outward foreign direct investment (FDI) of Chinese firms. Based on agency theory and the resource-based view, we argue that secondary shareholders, i.e., institutional and foreign shareholders, are active and effective...
Persistent link: https://www.econbiz.de/10011277976
management practices can not be covered with transparent disclosures and transparency standards. …
Persistent link: https://www.econbiz.de/10009363281
In this study the relationship between corporate governance and corporate valuation, ownership structure and need of external financing for the Karachi Stock Market is examined for the period 2003 to 2008. To measure the firm- level governance a rating system is used to evaluate the stringency...
Persistent link: https://www.econbiz.de/10009363300
The relation between multiple directorships, busy directors and firm performance has been researched predominantly in the context of developed economies, notably the US. This paper extends the existing literature on multiple directorships in two ways; first, by providing additional evidence on...
Persistent link: https://www.econbiz.de/10009363728
agricultural rationing, we first check if the model stands up to China's data from 1949-1992, we find that the importance of … consumption is also less than that of investment. Such findings are consistent with the reality of China. …
Persistent link: https://www.econbiz.de/10009363296
The employment shock of late 2008 in the Peoples Republic of China (PRC) may have been a product of three different …
Persistent link: https://www.econbiz.de/10009363347
employment rate. Our illustrative application to China shows that gradually increasing the current low minimum age of retirement …
Persistent link: https://www.econbiz.de/10009363357
In the paper we discuss China's participation in both the 2009 Copenhagen negotiations on a post-Kyoto global climate … change regime currently under way and out beyond Copenhagen in further negotiations likely to follow. China is now both the …. In the Copenhagen negotiation, there will be strong pressure on China to take on emissions reduction commitments and …
Persistent link: https://www.econbiz.de/10009363371