Showing 1 - 10 of 108
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) while prior studies have been undertaken in the United...
Persistent link: https://www.econbiz.de/10008793309
savings-and-loan holding companies. These governance characteristics, designed to reduce agency problems between shareholders … ownership structures. The results suggest that banks substitute between governance mechanisms that align the interests of … managers and shareholders. These findings suggest that cross-sectional OLS regressions of bank performance on single governance …
Persistent link: https://www.econbiz.de/10008794749
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 …
Persistent link: https://www.econbiz.de/10010607938
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 …
Persistent link: https://www.econbiz.de/10010899028
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 …
Persistent link: https://www.econbiz.de/10010899761
We examine the relation between cash holdings, quality of governance and financial constraints. We find that firms with … positive correlation that exists between governance quality measures and the degree of financial constraint faced by the firm …. We show that governance quality has no impact on cash holdings by financially unconstrained firms. It does, however, have …
Persistent link: https://www.econbiz.de/10008794416
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
previous research on board-CEO relationship and on venture capital and management buyout governance, we aim at complementing …
Persistent link: https://www.econbiz.de/10010549128