We investigate how outside directors on supervisory boards influence innovative activities of the firms they advise and monitor. Based on panel data on the largest German companies, the econometric analysis shows a positive influence of external executives on innovative firm performance,...

We investigate whether diversity in points of view within corporate boards, as captured by the diversity in political ideology of board members, can affect a firm's performance. We employ personal political contributions' data to measure political ideology distance among groups of inside,...

Die Annahme der positiven Wirkung einer „guten“ Corporate Governance auf den Unternehmenserfolg ist ein Grund für die grosse Aufmerksamkeit für dieses Themengebiet. In diesem Beitrag wird der Stand der Forschung zur Erfolgswirkung der Corporate Governance aufgearbeitet. Als Ergebnis laesst...

Using an econometric framework, we examine the nature of relation between Tobin's Q and family shareholding in India. While there is no obvious causality laid down by theoretical literature, empirical evidences show a wide range of findings. In the present work, by controlling for a host of...

The aim of this study is to scrutinise the impact of corporate governance mechanism on the performance of family and non-family controlled firms in Pakistan. It has been found that a corporate governance structure influences the performance of both family and non-family controlled companies...

The objective of this study is to determine which characteristics of a company’s board of directors that are generally favored by the shareholders (specifically, higher level of independence, smaller board size, higher equity ownership, and presence of financial experts), are also used by...

Because ownership was already more divorced from control in the largest stock market of 1911 (London) than in the largest stock market of 1995 (New York), the consequences for the economy, for good or ill, could have been considerable. Using a large sample of quoted companies with capital of £1...

Members of management boards as well as supervisory boards often attract public criticism when they are simultaneously active in several other boards. We use a panel data set of the biggest German corporations for the period from 1996-2006 to estimate the impact of multiple board memberships of...

We investigate the influence of non-executive outside directors on firms' innovative performance for a sample of 1,393 listed firms in the EU - 15 member states plus Norway and Switzerland in the period 2005 to 2010. Our results show that the fraction of non-executive outside directors on the...

On May 11-12, 2011, SUERF, the Belgian Financial Forum, the Brussels Finance Institute and the Centre for European Policy Studies (CEPS) jointly organised the 29th SUERF Colloquium New paradigms in money and finance? The papers included in this SUERF Study are based on contributions to the...