Similar Search Results

Ownership Concentration and Restructuring in Czech Manufacturing Sector

Vychodil, Ondrej - EconWPA - 2005

manufacturing sector after privatization. It starts with the argumentation that the most important actors in the post-privatization … ownership structure in the Czech Republic were investment privatization funds, followed by the state, and that the ‘rules of the … leads to the hypothesis that the concentration-restructuring function in the post- privatization Czech environment is …

Persistent link: https://www.econbiz.de/10005077013

Ownership, Control and Corporate Performance after Large-Scale Privatization

Hanousek, Jan; Kocenda, Evzen; Svejnar, Jan - EconWPA - 2004

-scale privatization economy. Using specifications based on first-differences and unique instrumental variables, we find that few types of … private ownership improve dynamic post-privatization performance. Concentrated foreign (but not domestic) ownership improves …

Persistent link: https://www.econbiz.de/10005135012

Far From Home: Do Foreign Investors Import Higher Standards of Governance in Transition Economies?

Hellman, Joel S.; Jones, Geraint; Kaufmann, Daniel - EconWPA - 2003

Based on the Business Environment and Enterprise Performance Survey (BEEPS) of firms in transition countries, which unbundles corruption to measure different types of corrupt transactions and provide detailed information on the characteristics and performance of firms, we find that: i)...

Persistent link: https://www.econbiz.de/10005407674

Corporate Governance and Management Succession in Family Businesses

Phan, Phillip; Butler, John E.; Lee, Soo Hoon - EconWPA - 2005

Family businesses carry the weight of economic wealth creation in most economies. In the U.S. alone, family businesses account for 80 to 90 percent of the 18-million business enterprises in the United States, and 50 percent of the employment and GNP. In many ways, the family business is...

Persistent link: https://www.econbiz.de/10005412922

TOWARDS MODERNIZATION OF THE CORPORATE GOVERNANCE IN BULGARIA

Keremidchiev, Spartak - EconWPA - 2005

The paper aims at outlining the existing gaps in Bulgarian corporate governance compared to the standards and the state of corporate governance in developed market economies. The current state of corporate governance, the degree of ownership concentration as well as the strengths and weaknesses...

Persistent link: https://www.econbiz.de/10005412937

A Corporate Governance Reform as a Natural Experiment for Incentive Contracts

Bayer, Christian; Burhop, Carsten - EconWPA - 2004

The present paper proposes to employ a major shift in the legal and institutional environment to identify contractual incentives from the correlation of executive pay and firm performance. We use the reform of the German stock companies act in 1884 as such a major shift and estimate the...

Persistent link: https://www.econbiz.de/10005413146

Economic Impact of 'Regulation on Corporate Governance': Evidence from India

Bhattacharyya, Asish K.; Rao, Sadhalaxmi Vivek - EconWPA - 2005

India, with its 20 million shareholders, is one of the largest emerging markets in terms of the market capitalization. In order to protect the large investor base, the Securities and Exchange Board of India (SEBI) has enforced a regulation effective from April 2001, requiring mandatory...

Persistent link: https://www.econbiz.de/10005413156

Cutting the Dividends Tax…and Corporate Governance Too?

Falaschetti, Dino; Orlando, Michael - EconWPA - 2003

Economists tend to agree that the recent cutting of dividends taxes will encourage investment and reduce financial distress. In addition to creating these “benefits,” however, the tax cut can also increase governance costs. For example, by removing a bias for leveraged capital structures,...

Persistent link: https://www.econbiz.de/10005413182

Corporate Governance and Dividends Payout in India

Kumar, Jayesh - EconWPA - 2004

This paper investigates the association between the corporate governance and the dividends payout policy for a panel of Indian corporate firms over the period 1994-2000. We explain the differences in the dividend payout behavior of the firms with the help of firm’s financial structure,...

Persistent link: https://www.econbiz.de/10005413214

How Ownership Structure Affects Capital Structure and Firm Performance? Recent Evidence from East Asia

Driffield, Nigel; Mahambare, Vidya; Pal, Sarmistha - EconWPA - 2005

Despite the seminal work of Claessens et al. (2002), who highlighted the role of ownership structure on firm performance in East Asia, the relationship between capital structure and ownership remains much unexplored. This is important, given recent empirical and theoretical work linking capital...

Persistent link: https://www.econbiz.de/10005076974