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CEO and board characteristics as determinants of private benefits of control : evidence from the Russian stock exchange
Berezinec, Irina V.; Ilina, Julja; Muravyev, Alexander - 2011
This paper investigates whether and how various characteristics of CEOs and corporate boards are related to the severity of corporate governance problems within firms. The latter is proxied by private benefits of control, which we measure for dual class stock firms using the voting premium...
Persistent link: https://www.econbiz.de/10009524994
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Rhineland exit?
Bovenberg, Ary Lans (contributor);  … - 2008
We argue in favour 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 between the stakeholders about the ultimate...
Persistent link: https://www.econbiz.de/10003747647
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Boards of directors in Russian publicly traded companies in 1998-2014 : structure, dynamics and performance effects
Muravyev, Alexander - 2016
This paper provides new evidence on the structure, dynamics and performance effects of corporate boards in publicly traded companies in Russia. It takes advantage of a new and unique longitudinal dataset of virtually all Russian companies whose shares were traded in the RTS/MICEX/MOEX over...
Persistent link: https://www.econbiz.de/10011595577
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Contingent convergence : a comparative analysis of activation policies
Eichhorst, Werner (contributor);  … - 2008
principles, instruments, target groups and governance in Germany, France, the Netherlands, Switzerland, the United Kingdom, the …
Persistent link: https://www.econbiz.de/10003793501
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The life-cycle and the business-cycle of wage risk : a cross-country comparison
Bayer, Christian; Juessen, Falko - 2009
This paper provides a cross-country comparison of life-cycle and business-cycle fluctuations in the dispersion of … household-level wage innovations. We draw our inference from household panel data sets for the US, the UK, and Germany. First …, but with increments being smaller in the European data. Third, we find that wage risk is procyclical in Germany while it …
Persistent link: https://www.econbiz.de/10003896465
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On the role of sectoral and national components in the wage bargaining process
Dreger, Christian; Reimers, Hans-Eggert - 2010
This paper provides an empirical analysis on the determination of wages at the sectoral level in main industrial economies. Nominal wages are bargained between labour unions and employers in imperfect competitive markets, where spillovers across sectors might occur. Using a principal component...
Persistent link: https://www.econbiz.de/10003959628
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Human capital investments in children : a comparative analysis of the role of parent-child shared time in selected countries
Österbacka, Eva; Merz, Joachim; Zick, Cathleen D. - 2010
composition of parent-child time varies across countries with different welfare regimes: Finland, Germany and the United States … case of leisure time and eating time. -- parent-child time ; comparative research ; welfare regimes ; Finland ; Germany … ; USA ; treatment effects ; propensity score matching …
Persistent link: https://www.econbiz.de/10008779133
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Extensive vs. intensive margin in Germany and the United States : any differences?
Merkl, Christian; Wesselbaum, Dennis - 2010
This paper analyzes the role of the extensive vis-à-vis the intensive margin of labor adjustment in Germany and in the …
Persistent link: https://www.econbiz.de/10008806578
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Polarization and rising wage inequality : comparing the U.S. and Germany
Antonczyk, Dirk; DeLeire, Thomas C.; Fitzenberger, Bernd - 2010
This paper compares trends in wage inequality in the U.S. and Germany using an approach developed by MaCurdy and Mroz ….S. and Germany but there were various country specific aspects of this increase. For the U.S., we find faster wage growth … Germany. Moreover, we see a large role played by cohort effects in Germany, while we find only small cohort effects in the U …
Persistent link: https://www.econbiz.de/10003944725
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Multidimensional affluence : theory and applications to Germany and the US
Peichl, Andreas; Pestel, Nico - 2011
-being in Germany and the US in 2007 as well as for the US over the period 1989-2007. We find distinct country differences with … the country ranking depending on the measure. While in Germany wealth predominantly contributes to the intensity of …
Persistent link: https://www.econbiz.de/10009379623