Showing 1 - 10 of 541
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
This paper studies economic effects of the gender composition of corporate boards, employing a new and unique longitudinal dataset of virtually all Russian companies whose shares were traded on the national stock market between 1998 and 2014. Using multiple identification approaches, alternative...
Persistent link: https://www.econbiz.de/10012019226
This paper attempts to study the relationship between firm legal form and firm performance in the Middle East and North Africa Region (MENA) using the World Bank Enterprise Survey (WBES) database. Our analysis shows that open shareholding, closed shareholding, partnership, and limited...
Persistent link: https://www.econbiz.de/10012491452
Despite a conventional wisdom that female board members positively impact firm performance, a thorough examination of the research to date reveals no consensus that female board members have either a positive or negative effect on firm performance. We build the largest dataset of Australian...
Persistent link: https://www.econbiz.de/10014431554
In this paper we use novel historical data on economics and social rights from the constitutions of 201 countries and an instrument variable strategy to answer two important questions. First, do economic and social rights provisions in constitutions reduce poverty? Second, does the strength of...
Persistent link: https://www.econbiz.de/10010488146
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
and that this relationship depends on the ownership structure of firms. Turnover is lower in family controlled firms and …
Persistent link: https://www.econbiz.de/10011318600
This paper analyses HRM practices of family-run workplaces using the 2004 WERS. Family-ownership and management within … workplaces in the corporate sector is our focus. This family-run group represents nationally about 26% of workplaces and 14% of … employment. We find that employees in this group have stronger feelings of job security and loyalty, which we relate to family …
Persistent link: https://www.econbiz.de/10009312111
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
Despite its lack of attractiveness to other countries, the German system of quasi-parity codetermination at company level has held up remarkably well. We recount the theoretical arguments for and against codetermination and survey the empirical evidence on the effects of the institution, tracing...
Persistent link: https://www.econbiz.de/10003793899