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related to the change in their management performance. We use new and unique data from a recent large scale firm survey of … management practices in Germany. We calculate management scores for firms as in Bloom et al. (2013), which indicate how … structured management is in a given firm. We find that switching into exporting, and to a lesser degree opening up affiliates …
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monitor management are attenuated because monitoring shifts some of the firm's risk from management to owners. This …
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following good firm performance or a desire to reward management for good past performance. Overall our evidence seems more …
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"This paper conducts the first empirical assessment of theories concerning relationships among risk taking by banks, their ownership structures, and national bank regulations. We focus on conflicts between bank managers and owners over risk, and show that bank risk taking varies positively with...
Persistent link: https://www.econbiz.de/10003735671
From 1988 to 2003, the average change in managerial ownership is significantly negative every year for American firms. The probability of large decreases in ownership is strongly increasing in contemporaneous and past stock returns but the probability of large increases in ownership through...
Persistent link: https://www.econbiz.de/10003492398
This paper analyzes the ownership and governance of the business corporations of New York State in the 1820s. Using a new dataset collected from the manuscript records of New York's 1823 capital tax, and from the charters of the corporations, I analyze the ownership structures of the firms, and...
Persistent link: https://www.econbiz.de/10003464330