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Abe de Jong (1970) is Professor in Corporate Finance and Corporate Governance at RSM Erasmus University. He obtained a PhD in finance at Tilburg University (1999). His research and teaching interests are in the area of empirical corporate finance and include capital structure choice, dividend...
Persistent link: https://www.econbiz.de/10010730461
In this paper we present the results of an international survey among 313 CFOs on capital budgeting, cost of capital, capital structure, and corporate governance. We extend previous results of Graham and Harvey (2001) by broadening their sample internationally, by including corporate governance,...
Persistent link: https://www.econbiz.de/10010730904
in the allocation of decision rights between board of directors (representing members) and managers. The traditional role … of the board is to direct the activities of the managers. However, professional management increasingly makes most …
Persistent link: https://www.econbiz.de/10010730937
–agent problems predicts that managers of exchange-listed corporations may pursue acquisitions even when these do not add value for … the shareholders. Corporate governance structures serve to constrain managers in their acquisition activity. In this …
Persistent link: https://www.econbiz.de/10010730980
We study annual general meetings of shareholders in the Netherlands. The Dutch corporate governance system is characterized by relatively concentrated shareholdings and large stakes owned by pension funds, banks and insurance companies. The legal protection of shareholders is poor due to...
Persistent link: https://www.econbiz.de/10010730998
Through a case study of Chinese Family Business Groups (FBGs) in East Asia, this paper examines the relationship between the strategic behaviour exhibited by an organisational form and it's administrative heritage. To do so, we trace the origins of the strategic behaviour which scholars commonly...
Persistent link: https://www.econbiz.de/10010731017
The Dutch East India Company or VOC in 1602 showed many characteristics of modern corporations, including limited liability, freely transferable shares, and well-defined managerial functions. However, we challenge the notion of the VOC as the precursor of modern corporations to argue that the...
Persistent link: https://www.econbiz.de/10010731126
Using data spanning the 1996-1998 fiscal years of 247 of Japan's largest manufacturers, we empirically evaluate the extent to which a firm's investment behavior and financial performance is influenced by its ownership structure. To do so, we examine six distinct categories of Japanese...
Persistent link: https://www.econbiz.de/10010731130
investigates how top managers’ corporate governance orientation influences a firm’s strategic renewal trajectories over time …-researched question within the context of a large incumbent firm: Royal Dutch Shell plc. Our results indicate that top managers having an …-Saxon countries on exploitative and external-growth strategic renewal trajectories. Our findings indicate that top managers’ corporate …
Persistent link: https://www.econbiz.de/10010731160
This paper assesses the effectiveness of self-regulation to promote investor interests. The Netherlands provides an excellent opportunity to gather such evidence for two reasons. First, characteristics of the Dutch corporate governance structure have made it the recent focus of attention by the...
Persistent link: https://www.econbiz.de/10010731323