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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
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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
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Punish one, teach a hundred : the sobering effect of punishment on the unpunished
D'Acunto, Francesco; Weber, Michael; Xie, Jin - 2019
Direct experience of a peer's punishment might make non-punished peers reassess the probability and consequences of facing punishment and hence induce a change in their behavior. We test this mechanism in a setting, China, in which we observe the reactions to the same peer's punishment by listed...
Persistent link: https://www.econbiz.de/10011973941
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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
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Cracks in the boards : the opportunity cost of governance homogeneity
Maghin, Helene - 2022 - This version: June 23, 2022, first version: July 24, 2019
Does the composition of governance affect firm outcomes? We exploit the timings and thresholds of a gender quota in boards of directors and supervisory boards to causally determine the impact of a change in leadership on performance. Using a novel design and data on boards, we find that firms...
Persistent link: https://www.econbiz.de/10013266065
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Corporate deductibility provisions and managerial incentives
Köthenbürger, Marko; Stimmelmayr, Michael - 2013
Using an agency model of firm behavior, the paper analyzes whether the cost of investment should be tax exempt. The …
Persistent link: https://www.econbiz.de/10010227267
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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
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Corporate taxation and corporate governance
Köthenbürger, Marko; Stimmelmayr, Michael - 2009
behavior which abstracts from agency problems. As emphasized by the corporate governance literature, corporate investment … behavior is however crucially influenced by diverging interests between shareholders and managers. We set up an agency model … familiar efficiency-enhancing effects in the presence of corporate agency problems. -- corporate taxation ; corporate …
Persistent link: https://www.econbiz.de/10003923146
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The efficiency costs of dividend taxation with managerial firms : presented at CESifo Area Conference on Public Sector Economics, April 2015
Köthenbürger, Marko; Stimmelmayr, Michael - 2015
The paper analyzes the efficiency costs of dividend taxation in an effort-based corporate agency model in which non …
Persistent link: https://www.econbiz.de/10011374208
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Labor in the boardroom
Jäger, Simon; Schoefer, Benjamin; Heining, Jörg - 2019
We estimate the effects of a mandate allocating a third of corporate board seats to workers (shared governance). We study a reform in Germany that abruptly abolished this mandate for certain firms incorporated after August 1994 but locked it in for the older cohorts. In sharp contrast to the...
Persistent link: https://www.econbiz.de/10012138860