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Using data on 157 large companies in Poland and Hungary this paper employs a Bayesian structural equation modeling to examine interrelationships between corporate governance, managers' independence from owners in terms of strategic decision-making, exporting and performance. It is found that...
Persistent link: https://www.econbiz.de/10014057850
Using data on 157 large companies in Poland and Hungary this paper employs a Bayesian structural equation modeling to examine interrelationships between corporate governance, managers’ independence from owners in terms of strategic decision-making, exporting and performance. It is found that...
Persistent link: https://www.econbiz.de/10005784774
Persistent link: https://www.econbiz.de/10010225379
that PE firms may provide powerful remedies to agency conflicts associated with public and private firms, such as …
Persistent link: https://www.econbiz.de/10013131653
Using a data set for 162 largest Hungarian firms during the period of 1994-1999 this paper explores the determinants of equity shares held by both foreign investors and by Hungarian corporations. We find evidence of a post-privatisation evolution towards more homogeneous equity structures, where...
Persistent link: https://www.econbiz.de/10011597686
This collection of short papers examines the role of corporate governance with regard to human resource management and corporate strategy over the course of the firm life cycle, as well as in diverse institutional environments such as the UK, Germany and Japan
Persistent link: https://www.econbiz.de/10014027002
We present a critique of corporate governance research grounded in agency theory and propose that cross …-national comparison of corporate governance should consider how the nature and extent of agency relationships differ across different … performance outcomes of boards of directors, ownership concentration, and executive incentives may differ depending on the legal …
Persistent link: https://www.econbiz.de/10010862923
Using a data set for 162 largest Hungarian firms during the period of 1994-1999 this paper explores the determinants of equity shares held by both foreign investors and by Hungarian corporations. We find evidence of a post-privatisation evolution towards more homogeneous equity structures, where...
Persistent link: https://www.econbiz.de/10011335737
Building on the ‘law and economics’ literature, this paper analyses corporategovernance implications of debt financing in an environment where a dominant owner isable to extract ex ante ‘private benefits of control’. Ownership concentration may result inlower efficiency, measured as a...
Persistent link: https://www.econbiz.de/10005868255
Using data for 831 IPO firms listed from 1986 to 1998 in the UK, France, Germany and Italy, this paper investigates the inter-relationships between Ramp;D and growth opportunities in different national systems of corporate governance. Results indicate that growth opportunities are positively...
Persistent link: https://www.econbiz.de/10012731088