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of governance standards; ii) in misgoverned settings, FDI firms may magnify the problems of state capture and procurement …
Persistent link: https://www.econbiz.de/10005407674
In this paper, I study industry-university relations in a principal- agent framework. Following the existing literature, these relations are interpreted in two ways: (1) as occurring through spillovers of knowledge among different groups of researchers, working for different institutional...
Persistent link: https://www.econbiz.de/10005561799
-level regulation will likely make any type of collusion or capture more difficult in the future. …
Persistent link: https://www.econbiz.de/10005413213
in privatization transactions despite some showcase transactions; fifth, regulation and competition have often been …
Persistent link: https://www.econbiz.de/10005413292
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
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 of corporate governance are examined for the fulfillment of this goal. On the …
Persistent link: https://www.econbiz.de/10005412937
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
. 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 disclosure of information and a change in the corporate governance mechanisms of … the listed companies. This study empirically examines the economic impact of the Regulation on the stock market variables …
Persistent link: https://www.econbiz.de/10005413156
distress. In addition to creating these “benefits,” however, the tax cut can also increase governance costs. For example, by … public good), competitive forces may not fully counter the tax cut’s governance consequences. …
Persistent link: https://www.econbiz.de/10005413182
This paper investigates the association between the corporate governance and the dividends payout policy for a panel of …
Persistent link: https://www.econbiz.de/10005413214