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Is corporate governance relevant during the financial crisis?
Gupta, Kartick; Krishnamurti, Chandrasekhar; … - In: Journal of International Financial Markets, … 23 (2013) C, pp. 85-110
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
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Acquisition pricing in India during 1995–2011: Have Indian acquirers really beaten the odds?
Banerjee, Pradip; Banerjee, Prithviraj; De, Soumen; … - In: Journal of Banking & Finance 38 (2014) C, pp. 14-30
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
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Who Cares? Corporate Governance in Today's Equity Markets
Isaksson, Mats; Çelik, Serdar - Directorate for Financial, Fiscal and Enterprises … - 2013
There are two main sources of confusion in the public corporate governance debate. One is the confusion about the role of public policy intervention. The other is a lack of empirical knowledge about the corporate landscape where rules are supposed to be implemented and the functioning of...
Persistent link: https://www.econbiz.de/10011276714
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Governance and performance of Tunisian banks
Trabelsi, Mohamed Ali - Volkswirtschaftliche Fakultät, … - 2009
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
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Shareholders Should Welcome Knowledge Workers as Directors
Osterloh, Margit; Frey, Bruno S. - Center for Research in Economics, Management and the … - 2006
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
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Some Consequences of the Early Twentieth Century Divorce of Ownership from Control
Foreman-Peck, James; Hannah, Leslie - European Historical Economics Society - EHES - 2012
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
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The managerial labor market and the governance role of shareholder control structures in the UK
Renneboog, Luc; Trojanowski, G. - Tilburg University, Tilburg Law and Economic Center - 2003
Persistent link: https://www.econbiz.de/10011093260
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Shareholders Should Welcome Knowledge Workers as Directors
Osterloh, Margit; Frey, Bruno S. - Institut für Volkswirtschaftslehre, … - 2006
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
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Managerial Power and Rent Extraction in the Design of Executive Compensation
Bebchuk, Lucian Arye; Fried, Jesse; Walker, David I - C.E.P.R. Discussion Papers - 2002
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
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The Managerial Labor Market and the Governance Role of Shareholder Control Structures in the UK
Renneboog, Luc; Trojanowski, G. - Tilburg University, Center for Economic Research - 2002
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