Showing 1 - 10 of 464
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
shareholders with a regular vote on executive pay. We apply a regression discontinuity design to the votes on shareholder … levels and structure. This suggests that SoP serves as a regular vote of confidence on the CEO, which leads to higher …
Persistent link: https://www.econbiz.de/10010414206
large firms. In this paper, we analyze shareholders as agents that can both harm and benefit companies. We examine the …
Persistent link: https://www.econbiz.de/10002603937
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
Drawing on principal-agent perspectives on corporate governance, this paper examines whether employees' hourly pay is 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...
Persistent link: https://www.econbiz.de/10011307884
We estimate the effect of parental separation on the risk and trust attitudes of German adolescents using a large …. Moreover, for both trust and risk, we find that separation attenuates the transmission of preferences from father to child … adolescents from separated families are less trusting but have the same risk tolerance as adolescents from non-separated families …
Persistent link: https://www.econbiz.de/10012804345
on the exact design of the law. Consistent with rational, risk-based pricing, the effect on returns seems to be linked to … how firms share systematic risk with their employees under the respective laws. Firms in states with WDLs prohibiting … employers from acting in bad faith have more intra-firm risk sharing and lower expected returns. Vaguer legislation that …
Persistent link: https://www.econbiz.de/10012373128
combining data from multiple surveys, we create an integrated measure of volatility in available household resources, accounting … different groups are exposed to economic risk. As the ESI derives from a data-independent conceptual foundation, it can be … these sources. -- household income ; volatility ; wealth ; medical spending …
Persistent link: https://www.econbiz.de/10009656083
We examine the Exchange Rate Volatility (ERV) response to the Economic Policy Uncertainty (EPU) shocks from a panel VAR …
Persistent link: https://www.econbiz.de/10012239005
This study empirically examines the fragility of five major Asian economies (China, Hong Kong, India, Japan, and South Korea) to economic policy uncertainty (EPU) of US and EU, and oil prices in different state of the economies. To investigate these dynamics, we use the relative tail dependence...
Persistent link: https://www.econbiz.de/10012226632