Showing 1 - 10 of 294
The demand of management control information (MCI) and its use by Venture Capitalists (VC) are examined through a …
Persistent link: https://www.econbiz.de/10010898750
Après avoir mis en évidence les problèmes de gouvernance posés par la " nouvelle firme ", désintégrée verticalement et intensive en capital humain, nous avançons que la responsabilité sociale de l'entreprise (RSE) peut servir à réguler les rapports de force entre les partenaires...
Persistent link: https://www.econbiz.de/10009323659
their ability to combine independence and control with trust, cooperation and support in their relationship with CEOs. The … support but hampering control. We propose an original model formalising the relations between VC-CEO social ties, board …
Persistent link: https://www.econbiz.de/10010549128
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...
Persistent link: https://www.econbiz.de/10010607938
Relative to the decision to go public, the decision to delist is less studied in the corporate finance literature despite its importance in the life of the firm. This article surveys the recent literature, both theoretical and empirical, regarding delisting in an international context...
Persistent link: https://www.econbiz.de/10010736419
This paper puts forward an explanation of the rapid increase in golden handshake provision in Europe over the last ten years, based on both enhanced investor protection and attractive tax codes for severance pay. This article takes up a framework in which asymmetric information about the quality...
Persistent link: https://www.econbiz.de/10010738557
becomes even stronger when we control for the endogeneity of ownership. …
Persistent link: https://www.econbiz.de/10010738833
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...
Persistent link: https://www.econbiz.de/10010738964
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...
Persistent link: https://www.econbiz.de/10010618172
Debt may help to manage type II corporate agency conflicts because it is easier for controlling shareholders to modify … leverage. At low levels of ownership, controlling shareholders use more debt in order to inflate their stake in capital and to … resist unfriendly takeovers attempts. When ownership reaches a certain point, controlling shareholders' objectives further …
Persistent link: https://www.econbiz.de/10010820683