Showing 1 - 10 of 93
Purpose – The purpose of this paper is to investigate whether cumulative voting can help ease the conflicts between board of directors and minority shareholders. Design/methodology/approach – The authors use voting result of shareholder proposals as an indicator of the level of conflicts...
Persistent link: https://www.econbiz.de/10009275428
Purpose -The purpose of this paper is to examine the monitoring effectiveness of insider-dominated boards and outsider-dominated boards on different types of CEOs. Design/methodology/approach -To test whether boards monitor inside CEOs and outside CEOs differently and to compare the sizes of the...
Persistent link: https://www.econbiz.de/10010757797
In the theoretical framework of corporate governance this article studies the efficiency of the control exerted by the ownership structure and the board of directors on managers. The confrontation of entrenchment theory and agency theory allows to determine the necessary conditions of the...
Persistent link: https://www.econbiz.de/10010861596
Contemporary governance reform proposals focus on strengthening board monitoring but recent theoretical models find that a passive board is often optimal. We examine board structure choice in France where for 45 years firms have been free to choose between a unitary board and a dual board...
Persistent link: https://www.econbiz.de/10010708539
Many governance reform proposals focus on strengthening board monitoring. In contrast, Adams and Ferreira (2007) and Harris and Raviv (2008) conclude that a passive board is often optimal. We examine determinants of board structure choice in France, where firms are free to choose between a...
Persistent link: https://www.econbiz.de/10010708698
We examine board structure in France, which since 1966 has allowed firms freedom to choose between unitary and two-tier boards. We analyze how this choice relates to characteristics of the firm and its environment. Firms with severe asymmetric information tend to opt for unitary boards; firms...
Persistent link: https://www.econbiz.de/10010783759
operating in the diversity of a multi-polar world. Design/methodology/approach – The paper provides a critical review of the … diversity of a multi-polar world. This tension may be resolved by business schools following more distinctive strategies that …
Persistent link: https://www.econbiz.de/10010737655
Despite growing interest in how the concept of diversity management is reinterpreted as it crosses national boundaries … of diversity discourses in the context of the UK, France and Germany. We use the discursive politics approach to … investigate the ways in which the meaning of diversity is shrunk, bent and stretched. We demonstrate that the concept of diversity …
Persistent link: https://www.econbiz.de/10010706708
This research establishes a framework for implementing diversity policies in organizations and offers suggested avenues … for action. Contextualizing the discussion within the emergence and evolution of diversity in the USA and in France, the … authors illustrate the contextual contingency of the notion of 'diversity', the tensions that its exportation to new contexts …
Persistent link: https://www.econbiz.de/10011074386
Despite recent discoveries of embezzlement and excessive risk taking in subsidiary companies of several large French corporations (Vivendi, France Telecom, ...), companies rarely question the quality of the relationship they have with their auditors. The objective of this research paper is to...
Persistent link: https://www.econbiz.de/10011072185