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Executive Compensation, Firm Performance, and Chaebols in Korea: Evidence from New Panel Data
Kato, Takao; Kim, Woochan; Lee, Ju Ho - Institute for the Study of Labor (IZA) - 2005
firms with and without Chaebol affiliation. To do so, we have assembled for the first time panel data (that provide …
Persistent link: https://www.econbiz.de/10005822774
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CEO Turnover, Firm Performance and Enterprise Reform in China: Evidence from New Micro Data
Kato, Takao; Long, Cheryl - Institute for the Study of Labor (IZA) - 2006
Using comprehensive financial and accounting data on China’s listed firms from 1998 to 2002, augmented by unique data on CEO turnover, ownership structure and board characteristics, we estimate Logit models of CEO turnover. We find consistently for all performance measures including both stock...
Persistent link: https://www.econbiz.de/10005566546
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Executive Compensation, Firm Performance, and Corporate Governance in China: Evidence from Firms Listed in the Shanghai and Shenzhen Stock Exchanges
Kato, Takao; Long, Cheryl - Institute for the Study of Labor (IZA) - 2005
This paper provides evidence on how executive compensation relates to firm performance in listed firms in China. Using comprehensive financial and accounting data on China’s listed firms from 1998 to 2002, augmented by unique data on executive compensation and ownership structure, we find for...
Persistent link: https://www.econbiz.de/10005566733
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Venture Capital Investment and Labor Market Performance: New Empirical Evidence for OECD Countries
Belke, Ansgar; Schaal, Andreas - Institute for the Study of Labor (IZA) - 2004
Anglo-Saxon countries have been successful in the 1990s concerning labor market performance compared to the former role models Germany and Japan. This reversal in relative economic performance might be related to idiosyncracies in financial markets with bank-based financial markets as in Germany...
Persistent link: https://www.econbiz.de/10005822244
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Privatization and Productivity in Romanian Industry: Evidence from a Comprehensive Enterprise Panel
Earle, John S.; Telegdy, Álmos - Institute for the Study of Labor (IZA) - 2001
performance in a panel framework. The results of OLS, LAD, and fixed-effects estimations consistently show a positive, highly …
Persistent link: https://www.econbiz.de/10005566810
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Not So Lucky Any More: CEO Compensation in Financially Distressed Firms
Kang, Qiang; Mitnik, Oscar A. - Institute for the Study of Labor (IZA) - 2008
There is a debate on whether executive pay reflects rent extraction due to "managerial power" or is the result of arms-length bargaining in a principal-agent framework. In this paper we offer a test of the managerial power hypothesis by empirically examining the CEO compensation of U.S. public...
Persistent link: https://www.econbiz.de/10005761844
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Distributive Justice and CEO Compensation
Jasso, Guillermina; Milgrom, Eva M. Meyersson - Institute for the Study of Labor (IZA) - 2007
This paper develops a framework for studying individuals’ ideas about what constitutes just compensation for chief executive officers (CEOs) and reports estimates of just CEO pay and the principles guiding ideas of justice. The sample consists of students pursuing a Master of Business...
Persistent link: https://www.econbiz.de/10005762318
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The KfW/ZEW Start-up Panel: Design and Research Potential
Fryges, Helmut; Gottschalk, Sandra; Kohn, Karsten - Institute for the Study of Labor (IZA) - 2009
Bankengruppe and Creditreform set up a panel study of newly founded firms in Germany: the KfW/ZEW Start-up Panel. In each of the … yearly panel waves computer-aided telephone interviews (CATI) are conducted with about 6,000 start-up firms from almost all … industries. The KfW/ZEW Start-up Panel will for the first time enable profound analyses of the temporal development of newly …
Persistent link: https://www.econbiz.de/10008565185
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Investor Protection and the Value of Shares: Evidence from Statutory Rules Governing Variations of Shareholders' Class Rights in Russia
Muravyev, Alexander - Institute for the Study of Labor (IZA) - 2009
This paper uses a quasi-experimental framework provided by recent changes in Russian corporate law to study the effect of investor protection on the value of shares. The legal change analyzed involves the empowerment of preferred (non-voting) shareholders to veto unfavorable changes in their...
Persistent link: https://www.econbiz.de/10008497016
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The Value of Business Networks in Emerging Economies: An Analysis of Firms' External Financing Opportunities
Owolabi, Oluwarotimi; Pal, Sarmistha - Institute for the Study of Labor (IZA) - 2011
-section and panel data analyses. …
Persistent link: https://www.econbiz.de/10009024602