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ownership structure and the board of directors on managers. The confrontation of entrenchment theory and agency theory allows to …
Persistent link: https://www.econbiz.de/10010861596
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
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
Differences between men and women in non-cognitive skills could be the reason why the gender gap closing didn’t improve since the middle of the nineties. To investigate this issue in the case of France we used the "Génération 1998 à 10 ans" database conducted by the Céreq. This survey...
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In this paper, we analyse the size and determinants of gender and ethnic earnings gaps in seven West African capitals (Abidjan, Bamako, Cotonou, Dakar, Lome, Niamey and Ouagadougou) based on a unique and perfectly comparable dataset coming from the 1-2-3 Surveys conducted in the seven cities...
Persistent link: https://www.econbiz.de/10011074086