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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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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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Ownership concentration, monitoring and optimal board structure
Graziano, Clara (contributor);  … - 2005
on new investment projects without reducing the large shareholder’s incentive to monitor the manager. This results in …
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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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
-verifiable managerial effort enhances taxable profits. We show that investment changes following a rise in dividend taxes might not be … investment response, in contrast to insights from previous literature. We provide a testable implication to infer the mode of … investment finance from investment responses. Furthermore, we show that imposing income tax on managerial incentive pay is …
Persistent link: https://www.econbiz.de/10011374208
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Labor in the boardroom
Jäger, Simon; Schoefer, Benjamin; Heining, Jörg - 2019
reduces owners' capital investment -we find that granting formal control rights to workers raises capital formation. The … relations whereby shared governance raises capital by permitting workers to bargain over investment or by institutionalizing …
Persistent link: https://www.econbiz.de/10012138860
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Optimal central bank design : benchmarks for the ECB
Berger, Helge (contributor) - 2006
The paper discusses key elements of optimal central bank design and applies its findings to the Eurosystem. A particular focus is on the size of monetary policy committees, the degree of centralization, and the representation of relative economic size in the voting rights of regional (or...
Persistent link: https://www.econbiz.de/10003301388
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Gender quotas : challenging the boards, performance, and the stock market
Ferrari, Giulia; Ferraro, Valeria; Profeta, Paola; … - 2016
In 2011, Italy introduced gender quotas for boards of directors of companies listed on its stock market. Comparing before and after the reform within firms, we find that quotas are associated with a higher share of female board directors, higher levels of education of board members, and a lower...
Persistent link: https://www.econbiz.de/10011538972
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What do central bankers do? : evidence from the European Central Bank's Executive Board
Badinger, Harald; Nitsch, Volker - 2019
This paper examines how managers at the top of a public institution, central bank executives, allocate their working …
Persistent link: https://www.econbiz.de/10011962284
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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