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Regulation and firm value : curious case of transparency and disclosure laws in Russia
Banerjee, Suman; Masulis, Ronald W.; Pal, Sarmistha - 2016
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
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Ownership or performance : what determines board of directors' turnover in Italy?
Brunello, Giorgio; Graziano, Clara; Parigi, Bruno - 2000
This paper studies the turnover of board of directors members in a sample of 72 companies listed on the Milan Stock Exchange during the period 1988-1996. We investigate whether board members change more frequently when company performance is poor, as the literature suggests, and whether and how...
Persistent link: https://www.econbiz.de/10011318600
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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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Bringing connections onboard: the value of political influence
Green, Colin; Homroy, Swarnodeep - 2020
In 2002, an amendment to UK parliamentary regulations removed restrictions on the participation of members of parliament (MPs) in parliamentary proceedings related to their corporate interests. Using this amendment as a quasi-natural experiment, we demonstrate gains in firm value and...
Persistent link: https://www.econbiz.de/10012239525
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Retained state shareholding in Chinese PLCs : does government ownership reduce corporate value?
Tian, Lihui (contributor); Estrin, Saul (contributor) - 2005
The role of government shareholding in corporate performance is central to an understanding of China's newly privatized …
Persistent link: https://www.econbiz.de/10002603937
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Executive compensation, firm performance, and corporate governance in China : evidence from firms listed in the Shanghai and Shenzhen stock exchanges
Kato, Takao (contributor); Long, Cheryl (contributor) - 2005
This paper provides evidence on how executive compensation relates to firm performance in listed firms in China. Using … comprehensive financial and accounting data on China's listed firms from 1998 to 2002, augmented by unique data on executive … cash compensation (salary and bonus) for top executives with respect to shareholder value in China. In addition, sales …
Persistent link: https://www.econbiz.de/10003225948
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Tournaments and managerial incentives in China's listed firms : new evidence
Kato, Takao (contributor); Long, Cheryl (contributor) - 2008
an optimal response of the winner's prize to the size of the contestant pool is more evident for China's listed firms … to decide on the tournament winner). Using comprehensive financial and accounting data on China's listed firms from 1998 … effort and hence improved firm performance, and that the performance effect of the winner's prize is greater for China …
Persistent link: https://www.econbiz.de/10003759900
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Legal corruption, politically connected corporate governance and firm performance
Domadenik, Polona; Prašnikar, Janez; Švejnar, Jan - 2014
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
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Job contact networks and wages of rural-urban migrants in China
Long, Wenjin; Appleton, Simon; Song, Lina - 2013
In nationally representative household data from the 2008 wave of the Rural to Urban Migration in China survey, nearly …. This paper investigates why the use of social network to find jobs is so prevalent among rural-urban migrants in China, and …
Persistent link: https://www.econbiz.de/10009792989
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Informal search, bad search? : the effects of job search method on wages among rural migrants in urban China
Chen, Yuanyuan; Wang, Le; Zhang, Min - 2017
these issues specifically for rural migrants in urban China, a country where one of the largest domestic migration in human …
Persistent link: https://www.econbiz.de/10011735917