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Corporate Governance relates to mechanisms through which providers of resources to the firm get their share of resources in return. Adequate governance practices help develop capital markets and assist market forces in attaining efficient contracts. Convincing evidence exists that well developed...
Persistent link: https://www.econbiz.de/10005813742
The paper explores the question whether the relationship between corporate governance dimensions and innovation at the … concentrated ownership structure has a positive effect on innovation, while the opposite is true for Schumpeter Mark II sectors. We … the contradictory findings of the literature on corporate governance and innovation. …
Persistent link: https://www.econbiz.de/10011201319
visibility of AFP investment decisions. AFPs began to invest in stocks in 1985, and have behaved since as active shareholders …
Persistent link: https://www.econbiz.de/10005813741
This Paper investigates the impact of ownership patterns on the way the firm is monitored, on the liquidity of its shares, and on its stock price. Building on the literature showing that local mutual funds (funds holding geographically close firms) enjoy superior returns due to private...
Persistent link: https://www.econbiz.de/10005497985
This paper investigates the link between institutional ownership and dividend policy. Utilizing a dividend payout model, which accounts for earnings trends and partial adjustments of dividends, a positive but marginally diminishing relation is found between institutional ownership and dividends....
Persistent link: https://www.econbiz.de/10005419318
This study provides new insight on the impact of supervisory board structure as an internal governance mechanism on privately defined contribution pension fund performance in Poland. Using a hand-collected data set, we find evidence that the chairman, as a motivated insider, plays an important...
Persistent link: https://www.econbiz.de/10010595169
corporate governance can be viewed as a consequence of the pension industry reorganisation which occured in the 1970s and 1980s in so far as corporate governance borrows the same organisational principles.
Persistent link: https://www.econbiz.de/10011072666
Using a unique panel data of Dutch innovation and financial variables we empirically investigate how financing and … innovation vary across firm characteristics. The study also tries to gauge the extent of market failure due to the presence of …, debt financing and innovation choices are not independent of firm characteristics such as age, size, and existing leverage …
Persistent link: https://www.econbiz.de/10011183757
Using a unique panel data of Dutch innovation and financial variables we empirically investigate how financing and … innovation vary across firm characteristics. The study also tries to gauge the extent of market failure due to the presence of …, debt financing and innovation choices are not independent of firm characteristics such as age, size, and existing leverage …
Persistent link: https://www.econbiz.de/10010856360
The paper studies the impact of firms’ over-indebtedness on innovation. First, we build up an over-indebtedness index … results confirm the significant role played by other forms of indebtedness in explaining innovation also when we focus only on … high-tech sectors and on over-indebted firms. With respect to the South, the relationship between debt and innovation is …
Persistent link: https://www.econbiz.de/10010641659