This paper presents a simple framework in order to analyze different corporate governance mechanisms and their impact on firm structures and performance. Based on recent literature on the subject, the paper discusses the validity of Demsetz’s evolution hy

An international reaction was required to the financial scandals of recent years, and some States started to reform corporate governance. Two main systems were used – self-regulation through good governance codes, and legislative measures to achieve transparency in financial markets. The...

Financial literature and empirical evidence in global markets indicate that those companies that adequately manage their stakeholders, strengthen and disclose their corporate governance policies, achieve greater effectiveness in their institutional operation. In the context of an emerging...

Financial literature and empirical evidence in global markets indicate that those companies that adequately manage their stakeholders, strengthen and disclose their corporate governance policies, achieve greater effectiveness in their institutional operation. In the context of an emerging...

Al analizar la problemática particular de las empresas de familia surgen dos características bien distintivas: a) la gran contribución que realizan estas empresas al desarrollo de las economías donde actúan y b) la altísima probabilidad de desaparecer en sus primeros años de vida. Para...

The purpose of this study is to determine a system of indicators to assess the quality of corporate governance of Honduran banks. To achieve it, the importance attributed by bank supervisors and supervised bankers to the dimensions and indicators of Corporate Governance (CG) was deepened....

The purpose of this study is to determine a system of indicators to assess the quality of corporate governance of Honduran banks. To achieve it, the importance attributed by bank supervisors and supervised bankers to the dimensions and indicators of Corporate Governance (CG) was deepened....