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Gender Diversity, Gender in the Boardroom and Gender Quotas
Kunze, Astrid; Scharfenkamp, Katrin - 2022
on gender diversity on boards. We exploit rich, newly assembled board–director matched panel data for Norway and Germany …, when a Norwegian board gender quota came into effect. We present two novel results that challenge previous thinking about … the effects of board gender quotas on women directors. First, we find a positive impact of employee representation before …
Persistent link: https://www.econbiz.de/10014241995
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Do Employees Benefit from Worker Representation on Corporate Boards?
Blandhol, Christine; Mogstad, Magne; Nilsson, Peter; … - 2021
Do employees benefit from worker representation on corporate boards? Economists and policymakers are keenly interested in this question – especially lately, as worker representation is widely promoted as an important way to ensure the interests and views of the workers. To investigate this...
Persistent link: https://www.econbiz.de/10013314747
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Ownership concentration, monitoring and optimal board structure
Graziano, Clara; Luporini, Annalisa - 2005
The paper analyzes the optimal structure of the board of directors in a firm with a large shareholder sitting on the board. In a one-tier structure the sole board performs all tasks, while in a two-tier structure the management board is in charge of project selection and the supervisory board is...
Persistent link: https://www.econbiz.de/10010261334
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Optimal delegation when the large shareholder has multiple tasks
Graziano, Clara; Luporini, Annalisa - 2010
We analyze the optimal ownership, delegation and compensation structures when a manager is hired to run a firm and to gather information on investment projects. The initial owner has two tasks: monitoring the manager and supervising project choice. Optimality would require a large ownership...
Persistent link: https://www.econbiz.de/10010270637
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Cracks in the Boards : The Opportunity Cost of Governance Homogeneity
Maghin, Helene - 2022
Does the composition of governance affect firm outcomes? We exploit the timings and thresholds of a gender quota in … novel design and data on boards, we find that firms forced to comply with the 2011 gender quota in France increased their … updating knowledge. We find that the law is associated with the diversification of boards in terms of gender but also of …
Persistent link: https://www.econbiz.de/10014081427
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Rhineland exit?
Bovenberg, Lans; Teulings, Coen N. - 2008
We argue in favor of the shareholder model of the firm for three main reasons. First, serving multiple stakeholders leads to ill-defined property rights. What sounds like a fair compromise between stakeholders can easily evolve in a permanent struggle about the ultimate goal of the company....
Persistent link: https://www.econbiz.de/10010276828
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How weak is the weakest-link principle? : On the measurement of firm owners' control rights
Weichenrieder, Alfons J.; Edwards, Jeremy S. S. - 2004
The paper argues that the weakest link principle, which has been widely used as a measure of ultimate owners? control rights, has a number of serious problems. A theoretically more satisfactory method of measuring control rights, based on voting power indices, is proposed, and the different...
Persistent link: https://www.econbiz.de/10010261241
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Politics-Business Co-evolution Paths : Workers’ Organization and Capitalist Concentration
Belloc, Marianna - 2012
Most pre-crisis explanations of the various corporate governance systems have considered the separation between ownership and control to be an advantage of the Anglo-American economies. They have also attributed the failure of other countries to achieve these efficient arrangements to their...
Persistent link: https://www.econbiz.de/10013116042
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Market Competition or Family Ties: Which Prevails on Italian CEOs Pay?
Graziano, Clara; Rondi, Laura - 2015
The paper analyzes the interplay of product market competition and governance on CEO compensation in Italian listed firms from 2000 to 2011 and tests the impact of the 2007-08 financial crisis on pay-performance sensitivity. We argue that important differences both in the level of compensation...
Persistent link: https://www.econbiz.de/10011307062
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Politics-business interaction paths
Belloc, Marianna; Pagano, Ugo - 2009
Most pre-crisis explanations of the various corporate governance systems have considered the separation between ownership and control to be an advantage of the Anglo-American economies. They have also attributed the failure of other countries to achieve these efficient arrangements to their...
Persistent link: https://www.econbiz.de/10010266039