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Agency, firm growth, and managerial turnover

Anderson, Ronald W.; Bustamante, Maria Cecilia; … - London School of Economics (LSE) - 2012

We study the relation between firm growth and managerial incentive provision under moral hazard when a long-lived firm is operated by a sequence of managers. In our model, firms replace their managers not only upon poor performance to provide incentives, but also when outside managers are at a...

Persistent link: https://www.econbiz.de/10010745265

The dark side of 'good' corporate governance: compliance-fuelled book-cooking activities

Kirchmaier, Thomas; Selvaggi, Mariano - London School of Economics (LSE) - 2006

firm's internal control and accounting system they become semi-detached from strategy - their business acumen falters. Top …

Persistent link: https://www.econbiz.de/10010745362

Attracting investor attention through advertising

Lou, Dong - London School of Economics (LSE) - 2009

This paper provides empirical evidence that managers adjust firm advertising expenditures to influence investor behavior and short-term stock prices. First, this paper shows that increased advertising spending is associated with individual investor buying and a contemporaneous rise in abnormal...

Persistent link: https://www.econbiz.de/10010746466

From government to governance: external influences on business risk management

Hutter, Bridget M.; Jones, Clive J - London School of Economics (LSE) - 2007

The influence of external organizations and pressures on business risk management practices has hitherto been examined through the influence of state regulatory regimes on businesses. This article concentrates on key socio-legal concerns about the influence of the law in social and economic...

Persistent link: https://www.econbiz.de/10011183326

Privatization in the name of ‘Europe’: analyzing the telecoms privatization in Greece from a ‘discursive institutionalist’ perspective

Dimas, Christos - London School of Economics (LSE) - 2010

privatization discourse. It illustrates that, when proposed policy reforms get rough and the opposition grows, governments …

Persistent link: https://www.econbiz.de/10010745791

Privatization, entry regulation and the decline of labor's share of GDP: a cross-country analysis of the network industries

Azmat, Ghazala; Manning, Alan; Van Reenen, John - London School of Economics (LSE) - 2007

-experiment in the OECD: the privatization of many network industries (e.g. telecommunications and utilities). We present a model … labor share, employment and wages respond to privatization and other regulatory changes. We exploit cross-country panel data … on several network industries and find that privatization can account for a significant proportion of the fall of labor …

Persistent link: https://www.econbiz.de/10010746486