Showing 1 - 10 of 152
their ability to combine independence and control with trust, cooperation and support in their relationship with CEOs. The …
Persistent link: https://www.econbiz.de/10010549128
their ability to combine independence and control with trust, cooperation and support in their relationship with CEOs. The …
Persistent link: https://www.econbiz.de/10008796034
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...
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
In this paper we examine the influence of minority expropriation on disclosure level in France where shareholders are … poorly protected and the main agency problem is the one between controlling and minority shareholders (type II conflict … protection where the main agency conflict opposes managers to shareholders (type I conflict). Using a sample of 81 French firms …
Persistent link: https://www.econbiz.de/10008793309
savings-and-loan holding companies. These governance characteristics, designed to reduce agency problems between shareholders … managers and shareholders. These findings suggest that cross-sectional OLS regressions of bank performance on single governance …
Persistent link: https://www.econbiz.de/10008794749
Systematic and multifactor risk models are revisited via methods which were already successfully developed in signal … processing and in automatic control. The results, which bypass the usual criticisms on those risk modeling, are illustrated by …
Persistent link: https://www.econbiz.de/10010898688
governance on the shareholders' confidence. We are trying to explore the relationship between its different variables in the … committees and the boards of directors and the asset efficiency and the confidence of the shareholders of the counterpart. On the … companies seem to have a negative and significant effect on the shareholders' confidence. …
Persistent link: https://www.econbiz.de/10010885293
This paper investigates the relationship between trust and macroeconomic volatility. In a cross section of countries … changes in inherited trust over the XXth century to show that increasing trust also decreases volatility across time. Thus …, we show that higher trust is associated with lower macroeconomic instability. We use the inherited trust of Americans as …
Persistent link: https://www.econbiz.de/10010738740
stereotype of risk averse and less competitive older employees. …
Persistent link: https://www.econbiz.de/10010821398