Showing 1 - 10 of 121
examine interrelationships between corporate governance, managers' independence from owners in terms of strategic decision …-making, exporting and performance. It is found that managers' independence is positively associated with firms' financial performance … and exporting. In turn, the extent of managers' independence is negatively associated with ownership concentration, but …
Persistent link: https://www.econbiz.de/10014057850
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
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
We review the governance role of private equity (PE) firms in companies that have experienced an LBO. We conjecture that PE firms may provide powerful remedies to agency conflicts associated with public and private firms, such as managerial entrenchment and opportunism
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/10011335737
examine interrelationships between corporate governance, managers’ independence from owners in terms of strategic decision …-making, exporting and performance. It is found that managers’ independence is positively associated with firms’ financial performance … and exporting. In turn, the extent of managers’ independence is negatively associated with ownership concentration, but …
Persistent link: https://www.econbiz.de/10005784774
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
Persistent link: https://www.econbiz.de/10003975298
By integrating organizational and institutional theories, this paper develops a contingency approach to executive remuneration and assesses its effectiveness in different organizational and institutional contexts. Most of the executive remuneration research focuses on the principal-agent...
Persistent link: https://www.econbiz.de/10013085087
Recommended readings (Machine generated): Ruth V. Aguilera, Igor Filatotchev, Howard Gospel and Gregory Jackson (2008), 'An Organizational Approach to Comparative Corporate Governance: Costs, Contingencies, and Complementarities', Organization Science, 19 (3), May-June, 475-92 -- Igor...
Persistent link: https://www.econbiz.de/10011852282