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Private Benefits of Control : An International Comparison
Dyck, I. J. Alexander - 2002
important in curbing these private benefits. A high degree of statutory protection of minority shareholders and high degree of …
Persistent link: https://www.econbiz.de/10012787369
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The Corporate Governance Role of the Media
Dyck, I. J. Alexander - 2002
In this paper we discuss the role of the media in pressuring corporate managers and directors to behave in ways that … are 'socially acceptable'. Sometimes this coincides with shareholders' value maximization, others not. We provide both … resources that are diverted to the sole advantage of controlling shareholders. Our results have important consequences for the …
Persistent link: https://www.econbiz.de/10012787068
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The Corporate Governance Role of the Media : Evidence from Russia
Dyck, I. J. Alexander - 2010
We study the effect of media coverage on corporate governance by focusing on Russia in the period 1999-2002. This setting offers us three ideal conditions for such a study: plenty of corporate governance violations, no alternative mechanisms to address them, and the presence of an investment...
Persistent link: https://www.econbiz.de/10012760634
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Theft and Taxes
Desai, Mihir A. - 2010
This paper analyzes the interaction between corporate taxes and corporate governance. We show that the characteristics of a taxation system affect the extraction of private benefits by company insiders. A higher tax rate increases the amount of income insiders divert and thus worsens governance...
Persistent link: https://www.econbiz.de/10012762547