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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/10012977060

Tournaments and Managerial Incentives in China's Listed Firms : New Evidence

Kato, Takao; Long, Cheryl - 2021

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/10013324940

Evaluating the Effect of Ownership Status on Hospital Quality : The Key Role of Innovative Procedures

Gobillon, Laurent - 2012

Mortality differences between university, non-teaching public and for-profit hospitals are investigated using a French exhaustive administrative dataset on patients admitted for heart attack. Our results show that innovative procedures play a key role in explaining the effect of ownership status...

Persistent link: https://www.econbiz.de/10013096122

Firm Performance and Managerial Turnover : The Case of Ukraine

Muravyev, Alexander - 2009

The paper studies whether and how CEO turnover in Ukrainian firms is related to their performance. Based on a novel dataset covering Ukrainian joint stock companies in 2002-2006, the paper finds statistically significant negative association between the past performance of firms measured by...

Persistent link: https://www.econbiz.de/10013156404

Regulation and Firm Value : Curious Case of Transparency and Disclosure Laws in Russia

Banerjee, Suman - 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/10012993932

CEO and Board Characteristics as Determinants of Private Benefits of Control : Evidence from the Russian Stock Exchange

Berezinec, Irina V. - 2012

This paper investigates whether and how various characteristics of CEOs and corporate boards are related to the severity of corporate governance problems within firms. The latter is proxied by private benefits of control, which we measure for dual class stock firms using the voting premium...

Persistent link: https://www.econbiz.de/10013112769

Does Corporate Governance Reform Necessarily Boost Firm Performance? Recent Evidence from Russia

Kuznecovs, Mihails - 2012

This paper examines whether the introduction of corporate governance (CG) reforms in general and that of transparency and disclosure (T&D) rules in particular can necessarily boost firm performance. Existing literature suggests that CG reforms can boost performance because it can resolve the...

Persistent link: https://www.econbiz.de/10013106948

Legal Corruption, Politically Connected Corporate Governance and Firm Performance

Domadenik, Polona - 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/10013050620

Performance Effects of Appointing Other Firms' Executive Directors to Corporate Boards : An Analysis of UK Firms

Muravyev, Alexander - 2014

This paper studies the effect on company performance of appointing non-executive directors that are also executive directors in other firms. The analysis is based on a new panel dataset of UK companies over 2002-2008. Our findings suggest a positive relationship between the presence of these...

Persistent link: https://www.econbiz.de/10013058307

The Gender Composition of Corporate Boards and Firm Performance : Evidence from Russia

Garanina, Tatiana - 2019

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/10012868825