Showing 1 - 10 of 11,782
We examine the announcement returns of acquisitions made by Indian firms during the period 1995–2011. Our results confirm that the announcement returns to Indian acquirers are on average significantly positive. However, we are first to document that the announcement returns to Indian acquirers...
Persistent link: https://www.econbiz.de/10010719838
We study the impact of internal corporate governance on performance during the current financial crisis for a comprehensive cross-country sample of 4046 publicly traded non-financial firms from the U.S. and 22 developed countries. Using a broad-based index of corporate governance quality, we...
Persistent link: https://www.econbiz.de/10010603088
The most influential approach of corporate governance, the view of shareholders supremacy does not take into … aligned to shareholder interests by making the board more responsible to shareholders, and monitoring of top management by … exploitation by shareholders. Employees therefore refuse to make firmspecific investments. To gain a sustainable competitive …
Persistent link: https://www.econbiz.de/10005536948
mitigating agency problems between managers and shareholders.We find that both the CEO's industry-adjusted monetary compensation …
Persistent link: https://www.econbiz.de/10011092291
Persistent link: https://www.econbiz.de/10011093260
instrument for addressing the agency problem between managers and shareholders but also as part of the agency problem itself …
Persistent link: https://www.econbiz.de/10005662270
The most influential approach of corporate governance, the view of shareholders supremacy does not take into … aligned to shareholder interests by making the board more responsible to shareholders, and monitoring of top management by … exploitation by shareholders. Employees therefore refuse to make firmspecific investments. To gain a sustainable competitive …
Persistent link: https://www.econbiz.de/10005627977
researchers pay a particular attention to banking governance. Specifically, shareholders-managers’ convergence of interests and … shareholders and performance, a phenomenon which might be explained in terms of private appropriation of benefits. …
Persistent link: https://www.econbiz.de/10008694021
operate against shareholders’ interests, despite the very substantial potential for agency problems. More directors were … was concerned: company directors were not simply ornamental. A greater number of shareholders was more in shareholders …
Persistent link: https://www.econbiz.de/10010710616
This Paper develops an account of the role and significance of managerial power and rent extraction in executive compensation. Under the optimal contracting approach to executive compensation, which has dominated academic research on the subject, pay arrangements are set by a board of directors...
Persistent link: https://www.econbiz.de/10005114260