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The bright side of the GDPR : welfare-improving privacy management

Choe, Chongwoo; Matsushima, Noriaki; Shekhar, Shiva - 2023

We study the GDPR's opt-in requirement in a model with a firm that provides a digital service and consumers who are heterogeneous in their valuations of the firm's service as well as the privacy costs incurred when sharing personal data with the firm. We show that the GDPR boosts demand for the...

Persistent link: https://www.econbiz.de/10014334058

Market competition or family ties : which prevails on Italian CEOs pay?

Graziano, Clara; Rondi, Laura - 2015 - This draft: June 8, 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/10011280832

Ownership concentration, monitoring and optimal board structure

Graziano, Clara (contributor); … - 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/10003121085

Gender diversity, labour in the boardroom and gender quotas

Kunze, Astrid; Scharfenkamp, Katrin - 2022

This study investigates boards of (non-executive) directors and whether employee representation has a positive effect on gender diversity on boards. We exploit rich, newly assembled board–director matched panel data for Norway and Germany, which contain unique information on whether a director...

Persistent link: https://www.econbiz.de/10013445521

Cracks in the boards : the opportunity cost of governance homogeneity

Maghin, Helene - 2022 - This version: June 23, 2022, first version: July 24, 2019

nationality, age and links with other firms. The added value of within-board and network diversity suggest a sizable opportunity …

Persistent link: https://www.econbiz.de/10013266065

Corporate deductibility provisions and managerial incentives

Köthenbürger, Marko; Stimmelmayr, Michael - 2013

findings suggest that, when managers engage in wasteful capital expenditures, welfare may decline if the cost of investment is …

Persistent link: https://www.econbiz.de/10010227267

A theory of tax avoidance : managerial incentives for tax planning in a multi-task principal-agent model

Ewert, Ralf; Niemann, Rainer - 2014

We derive determinants of tax avoidance by means of a multi-task principal-agent model. We extend prevailing models by integrating both corporate and individual income taxation as well as by including tax planning effort in the agent’s action portfolio. Our model shows novel and apparently...

Persistent link: https://www.econbiz.de/10010367166

What is the relation (if any) between a firm's corporate governance arrangements and its financial performance?

Wessels, Roberto E.; Wansbeek, Tom - 2014

This paper presents estimates from a latent variables model of the relation between corporate governance and financial performance. We use data on large US corporations to estimate the correlation, conditional on the firms' investment opportunity set, between governance and performance. We find...

Persistent link: https://www.econbiz.de/10010235838

Ownership concentration and share valuation : evidence from Germany

Edwards, Jeremy S. S.; Weichenrieder, Alfons J. - 1999

Concentrated ownership of large listed companies is widespread throughout the world, and Germany is typical in this respect. This paper proposes a method of distinguishing empirically between the beneficial and harmful effects of ownership concentration, and applies it to German data. The...

Persistent link: https://www.econbiz.de/10009781688

The diffusion of knowledge via manager's mobility

Mion, Giordano; Opromolla, Luca David; Sforza, Alessandro - 2016

Better managers and managerial practices lead to better firm performance. Yet, little is known about what happens when … managers move across firms. Does a firm hiring a good manager improve its performance? If yes is there some valuable knowledge …-invariant ability of the manager as well as overall firm performance. We find that the export experience gained by managers in previous …

Persistent link: https://www.econbiz.de/10011580556

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