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The effect of board structure on firm value: a multiple identification strategies approach using Korean data

Black, Bernard; Kim, Woochan - Volkswirtschaftliche Fakultät, … - 2011

Outside directors and audit committees are widely considered to be central elements of good corporate governance. We use a 1999 Korean law as an exogenous shock to assess how board structure affects firm market value. The law mandates 50% outside directors and an audit committee for large public...

Persistent link: https://www.econbiz.de/10011110403

Operational Risk Governance: The Basel Approach

Afanasyeva, Olga; Riabichenko, Dmitry - Volkswirtschaftliche Fakultät, … - 2014

This paper analyses key documents of Basel Committee which concern operational risk governance and identifies the interconnectedness between risk source, type of the event leading to losses, loss type and its distribution by business lines. The comparative characteristic of the main operational...

Persistent link: https://www.econbiz.de/10011111915

Board of directors’ composition and financing choices

Alves, Paulo; Couto, Eduardo; Francisco, Paulo - Volkswirtschaftliche Fakultät, … - 2014

Building on the pecking order theory of Myers and Majluf, (1984) and Myers (1984), the present study empirically analyses the association between the board of directors’ composition and firm financing policies. Particularly, the fraction of independent directors on the board, the fraction of...

Persistent link: https://www.econbiz.de/10011260532

Evaluating the board of directors of financial intermediaries: competencies, effectiveness and performance

Carretta, Alessandro; Farina, Vincenzo; Schwizer, Paola - Volkswirtschaftliche Fakultät, … - 2006

This paper proposes a model for analysing the effectiveness of boards of directors of financial intermediaries. The European Union recommends that companies in the Member States annually evaluate the performance of their boards. The degree of effectiveness of a board should be appreciated taking...

Persistent link: https://www.econbiz.de/10005790354

Banks’ centrality in corporate interlock networks: evidences in Italy

Farina, Vincenzo - Volkswirtschaftliche Fakultät, … - 2008

The idea that the governance mechanisms affect firms’ performance is well acknowledged in management literature. The settings prevailing in governance studies explain board’s roles at the light of the agency theory framework. However, a complementary perspective is focused on the acquisition...

Persistent link: https://www.econbiz.de/10005837017

Propiedad, gobierno corporativo y las estrategias de diversificación de las empresas mexicanas: Un estudio exploratorio

Steinwascher, William - Volkswirtschaftliche Fakultät, … - 2007

The objective of this paper is to study the existing relations among ownership, corporate governance, and strategies of diversification of Mexican firms. The information corresponds to a sample of 99 non-financed companies listed in the BMV (Mexican Stock Exchange) in 2004. The study of property...

Persistent link: https://www.econbiz.de/10005837323

An Empirical Analysis on Board Monitoring Role and Loan Portfolio Quality Measurement in Banks

Stefanelli, Valeria; Matteo, Cotugno - Volkswirtschaftliche Fakultät, … - 2010

This paper aims to analyze the effectiveness of the board monitoring role on specific loan portfolio quality measures in banks (default rate, recovery rate and provisioning rate). We use a sample comprises a totality of Italian-based banks, listed at Borsa Italiana SpA in 2006-2008 and a number...

Persistent link: https://www.econbiz.de/10008873561

Governance and performance of Tunisian banks

Trabelsi, Mohamed Ali - Volkswirtschaftliche Fakultät, … - 2009

Developing banking standards is an important process for a country’s financial and economic well being. Their importance incites governments to insure the stability and the good performance of their banking systems. Accordingly, several researchers pay a particular attention to banking...

Persistent link: https://www.econbiz.de/10008694021

A Comparative Study on Landownership between China and England

Deng, Feng - Volkswirtschaftliche Fakultät, … - 1996

By comparing the development of landownership in China and England, this paper explores what were behind their … early China has established a unique economic system that allowed free alienation of land, but it has been trying to check … strengthening and expanding of patriarchal clan system. The different development paths of China and England show the different …

Persistent link: https://www.econbiz.de/10005835578

Импорт в Россию институтов корпоративного управления и их мутация

Vernikov, Andrei - Volkswirtschaftliche Fakultät, … - 2009

This paper deals with the evolution of corporate governance institutions that were imported into Russia in the 1990s … interests of various stakeholders prompts a hypo-thesis as to why initial rejection of new institutions of corporate governance … governance’. We argue that in Russia imported institutions tend to mutate, i.e. to work differently than in the eco-nomic systems …

Persistent link: https://www.econbiz.de/10005042692