This paper aims to revisit the link between corporate governance, value, and firm performance by focusing on convergence, understood as the way that non-US firms are adopting US best practice in terms of corporate governance, and the implications of this adoption. We examine theoretical...

The initial view of the advantages of ownership concentration in joint stock companies was determined by the concern about the opportunistic managerial behavior. The growing importance of knowledge and human capital in the operation of firms shifts the focus of concern: excessive ownership...

This paper explores the relationship between ownership structure and firm value in a transition economy. It distinguishes firms belonging to the sector of innovative technologies and firms from more "traditional" industries. For the latter, the results of the estimation of a simultaneous...

This article looks beyond economic and institutional factors to address the role of corporate founder-CEO values when determining ownership structures and corporate governance mechanisms. We take the Upper-Echelons Theory as our central premise, according to which a firm reflects the experience...

In this work we do two things: 1) an assessment of the current academic opinions and of the present situa-tion around the world, 2) a reconsideration of the quantitative evaluaton of corporate governance reforms from the perspective of general equilibrium. Corporate governance could be defined...

L'argumentation du texte est la suivante : - le constat du développement d'organisations intermédiaires, - la discussion de la conception « large » de la gouvernance, - un commentaires du Livre Blanc de la gouvernance de l'Union Européenne.

As part of a series of related papers, the authors examine the conceptual foundations of German and American corporate governance, specifically highlighting the role of banks' relationships to corporations and the stock market. This paper focuses on how the regulatory and macroeconomic...

The employees' decision to become shareholder of the company they work for can be a consequence of employers' matching contribution in company stock. From a behavioral perspective, employees would regard these contributions as an implicit investment advice made by their employer. This paper...

This paper examines the interrelations among five ownership and board characteristics in a sample of 260 bank and savings-and-loan holding companies. These governance characteristics, designed to reduce agency problems between shareholders and managers, are insider ownership, blockholder...

What are the implications of Piketty's Capital for sociology and political science? Capital's argument focuses on the evolution of the r/g ratio (capital returns over growth rate) and outlines two modes of economic inequalities. One is characteristic of affluent (g r) societies and the other is...