Showing 1 - 10 of 654
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
In this study, we examine the wealth effects of regulatory changes intended to improve corporate governance by protecting minority shareholders from expropriation by controlling shareholders. Using data from publicly traded Chinese firms, we find that these new regulations significantly...
Persistent link: https://www.econbiz.de/10011260290
analyses which include a focus on China, Japan, Brazil, and South Africa, this paper not only highlights why there is need for … particular, the Basel III leverage ratios in jurisdictions such as China. Ultimately the paper also aims to investigate whether …
Persistent link: https://www.econbiz.de/10011107937
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
Imperial China used an empire-wide system of examinations to select civil servants. Using a semiparametric matching …
Persistent link: https://www.econbiz.de/10011168675
Abstract We examine the determinants of the dissent in central bank boards’ voting records about monetary policy rates … the attendant model uncertainty using Bayesian model averaging. We find that the rate of dissent is between 5% and 20% in …, are not robust determinants of voting dissent. The difference in central bankers’ preferences is likely to drive the …
Persistent link: https://www.econbiz.de/10009371833
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