Showing 1 - 10 of 587
and that this relationship depends on the ownership structure of firms. Turnover is lower in family controlled firms and … poor, as the literature suggests, and whether and how the ownership structure of Italian companies affects these … relationship with performance. Board turnover instead is unrelated to performance but is related to the firm's ownership structure …
Persistent link: https://www.econbiz.de/10011318600
Using nationally representative Norwegian data we show family-owned workplaces are less likely to close than … observationally similar non-family-owned workplaces. But this changed during the Crisis when the family businesses' closure hazard … tendency to kill non-family businesses regardless of the equity level, a need for fresh capital has a tendency to kill family …
Persistent link: https://www.econbiz.de/10011457366
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
describe the post-privatization ownership structure and to test the effect of alternative privatization policies on firm … significant effect of private ownership share on the level and growth of labor productivity, the estimates ranging from 13 to 32 …
Persistent link: https://www.econbiz.de/10011402871
We examine whether a company's corporate reputation gained from their CSR activities and a company leader's reputation …
Persistent link: https://www.econbiz.de/10013187856
Using the approach suggested by Gabaix (Econometrica 2011) this paper demonstrates that idiosyncratic shocks in the largest firms are important for an understanding of aggregate volatility in German manufacturing industries. The implications of this finding for theoretical and empirical research...
Persistent link: https://www.econbiz.de/10009519874
ownership structure of 826 listed corporations and find that government shareholding is surprisingly large. Its effect on … shareholding stakes increase, but beyond this corporate value begins to increase. We interpret this in terms of ownership …
Persistent link: https://www.econbiz.de/10002603937
In this paper we present and test a theory of how political corruption, found in many transition and emerging market economies, affects corporate governance and productive efficiency of firms. Our model predicts that underdeveloped democratic institutions that do not punish political corruption...
Persistent link: https://www.econbiz.de/10010381906
linked to ownership dispersion. Using linked workplace-worker data from the British Workplace Employment Relations Survey … (WERS) 2011, we find average hourly pay is higher in dispersed ownership workplaces. The raw gap of 30 log points falls to 8 … ownership. …
Persistent link: https://www.econbiz.de/10011307884
We provide novel evidence on the effectiveness of mandated changes in Russian transparency and disclosure (henceforth T&D) rules in boosting shareholder welfare. We focus on the staggered implementation of these T&D reforms initiated in 2002 and implemented during 2003-07. Using difference in...
Persistent link: https://www.econbiz.de/10011457931