Showing 1 - 10 of 271
Contextual factors are typically neglected in both theorizing and empirical tests on executive pay. The fast majority of empirical investigations use data from U.S. based firms. Theoretical implications are typically developed, understood and tested on the basis of the U.S. context. However, the...
Persistent link: https://www.econbiz.de/10005621578
Executive pay is a major issue in the corporate governance debate. As well in practice as in theory debate still exists how executive pay levels and structures can be explained. This paper provides an overview of 16 theories that have been used in the literature to explain the phenomenon. The...
Persistent link: https://www.econbiz.de/10005619874
This study examines whether firms incorporated in mainland China benefit from cross-listing in Hong Kong, China. The Hong Kong Stock Market has more stringent governance rules and a better investor protection than the mainland market. Hong Kong companies generally provide strong incentives to...
Persistent link: https://www.econbiz.de/10005621936
This paper examines the possibility of reducing executive compensation following the German VorstAG. To examine the potential economic impact of the reduction, a tournament model is introduced. The model shows some implications on the decisions of the Executive Board and Supervisory Board.
Persistent link: https://www.econbiz.de/10009323939
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 …
Persistent link: https://www.econbiz.de/10008694021
The present study applies purpose-built dynamic computable general equilibrium models for Ghana and Kenya with a disaggregated country-specific representation of the power sector to simulate the prospective medium-run growth and distributional implications associated with a shift towards a...
Persistent link: https://www.econbiz.de/10012894601
Exploring the short-run and long-run relationships between consumption of various sources of non-renewable energy, economic growth and carbon dioxide (CO2) emissions would be considered as a golden key to provide rational energy policies of Iran in the post sanctions era. The aim of this paper...
Persistent link: https://www.econbiz.de/10012992709
The authors perform an original research on the fundamentals of winning virtuous strategies creation toward the leveraged buyout transactions implementation during the private equity investment in the conditions of the resonant absorption of discrete information in the diffusion - type financial...
Persistent link: https://www.econbiz.de/10011107335
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
An article about the origin, evolution and laws of formation of enterprise systems in the social environment of modern industrial society. The author analyzes the fundamental differ-ences between business and enterprise systems, proving the thesis of the monopolistic nature of corporations in...
Persistent link: https://www.econbiz.de/10011107484