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establish better retrenchment programs. Using new data from arandom sample of 400 companies in the world, we test competing …
Persistent link: https://www.econbiz.de/10011598290
This paper addresses the potential tension between two broadly stated policy objectives: the preservation of distinctive cultural traditions, often through the mechanism of formal legal rights, and the fostering of civic virtue, a sense of local community and the advancement of common civic...
Persistent link: https://www.econbiz.de/10011592750
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How can governments and companies be jointly empowered to have a positive impact on the sustainable development goals? The current economic system is largely geared towards increasing economic growth. But this could come at the expense of rising social inequality and environmental...
Persistent link: https://www.econbiz.de/10012302045
state ownership. This paper examines Brazil's efforts to address agency conflicts in SOEs, including new legislation (Law … 13303 of 2016, the “Law on SOEs”) establishing stringent criteria for the appointment of executives and for the …-stringent governance requirements of the Law on SOEs was detected, the group of federal SOEs, which adopted the IG-SEST monitoring …
Persistent link: https://www.econbiz.de/10015054007
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This paper empirically investigates if corporate governance practices affect the resources firms devote to R&D. Two databases - one on governance ratings and the other on R&D intensity - are merged to obtain a multi-country, multi-sector sample of 279 European companies involved in R&D...
Persistent link: https://www.econbiz.de/10008907733
We test under what circumstances boards discipline managers and whether such interventions improve performance. We exploit exogenous variation due to the staggered adoption of corporate governance laws in formerly Communist countries coupled with detailed ‘hard’ information about the...
Persistent link: https://www.econbiz.de/10008702077