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efforts of managers to maximize shareholder value, and the attitude of Serbian corporations toward these issues. The paper …
Persistent link: https://www.econbiz.de/10011107418
researchers pay a particular attention to banking governance. Specifically, shareholders-managers’ convergence of interests and … negative effect on performance. The results also reveal that managers lack control while the board of directors seems to exert … shareholders and performance, a phenomenon which might be explained in terms of private appropriation of benefits. …
Persistent link: https://www.econbiz.de/10008694021
This paper provides a broad analysis of the effect of the current financial crisis on global equity markets and their major components. We also examine the magnitude of the crisis in terms of value destruction in comparison to other market crashes. In brief, upon looking at return performance...
Persistent link: https://www.econbiz.de/10005034978
shareholder proposals. Among all shareholders, unions are the most likely to withdraw proposals. Furthermore, firms with a record …
Persistent link: https://www.econbiz.de/10011107357
The employment problems that the United States now faces are largely structural. The structural problem is not, however, as many economists have argued, a labor-market mismatch between the skills that prospective employers want and the skills that potential workers have. Rather the employment...
Persistent link: https://www.econbiz.de/10011113715
Do jurisdictions with concentrated ownership structures require less reliance on audits as corporate governance mechanisms and devices? Why do concentrated ownership structures still prevail in certain jurisdictions which are considered to be “market based corporate governance systems”? More...
Persistent link: https://www.econbiz.de/10011267870
We study an agency problem in private universities — the conflict between controlling families and other stakeholders. We investigate whether universities over which controlling families have disproportionately significant power relative to the amount of funds they contribute, that is,...
Persistent link: https://www.econbiz.de/10011258770
The debate on competition and innovation has produced a wide range of theoretical and empirical findings. Recently, corporate governance quality has emerged as an additional factor that may complement or substitute for competition’s effect on innovation. We aim to contribute to the debate by...
Persistent link: https://www.econbiz.de/10011258940
Abstract This paper examines from the developing countries perspective important analytical and policy issues arising from: a) the current international discussions about corporate governance in relation to the New International Financial Architecture; b) changes in the international competitive...
Persistent link: https://www.econbiz.de/10011259047
This paper examines the associations between diversity of board members and financial performance of the firms listed on the Indonesia Stock Exchange (IDX). Three demographic characteristics of board members—gender, nationality, and age—are used as the proxies for diversity. Using a sample...
Persistent link: https://www.econbiz.de/10011259048