Showing 1 - 10 of 207
Persistent link: https://www.econbiz.de/10005844842
While previous empirical literature has examined the effect of founder-CEOs on firm performance, it has largely ignored … the effect of firm performance on founder-CEO status.(...) …
Persistent link: https://www.econbiz.de/10005846604
I provide empirical evidence that badly governed firms respond more to aggregate shocks than do well governed firms.(...)
Persistent link: https://www.econbiz.de/10005846607
structure and corporate performance in 1998 and 1999. Cross-sectional regressions are runfor each of these years using the … return on assets (ROA) as the measure of performance. Both after-taxprofits and operating profits are used to produce the ROA … maypositively affect performance while the existence of continuing State ownership has the opposite effect.Neither of these …
Persistent link: https://www.econbiz.de/10005868253
companies' performance. The main conclusion of the paper is that privatisation of the largest enterprises resulted in deep … governance structures and performance were discovered in companies with highest levels of ownership concentration, especially in …
Persistent link: https://www.econbiz.de/10005868254
This paper discusses whether, in which respects, and to what extent the corporate governancesystems of Germany, the United Kingdom and France have already converged in the course ofEuropean economic integration, or are likely to converge in the foreseeable future. Wepresent, and attempt to...
Persistent link: https://www.econbiz.de/10005840358
This paper presents some consequences of economic theory for the regulation of corporate accounting and disclosure under Geman accounting legislation (de lege lata) and in an international context. The following implications are discussed: (i) It is argued that the economic income conception...
Persistent link: https://www.econbiz.de/10005840364
In a series of recent papers, Mark Roe and Lucian Bebchuk have developed further the concept of path dependence, combined it with concepts of evolution and used it to challenge the wide-spread view that the corporate governance systems of the major advanced economies are likely to converge...
Persistent link: https://www.econbiz.de/10005840373
It is the objective of this paper to determine the voting premium for French shares by comparing the values of voting and non-voting shares, and to analyze the value of the voting rights. The study uses data for 25 French companies which had both types of shares outstanding and traded on the...
Persistent link: https://www.econbiz.de/10005840385
Seit zwanzig Jahren befaßt sich die Finanzmarktforschung einerseits mit Fragen der Bewertung und des Managements von Finanztiteln auf effizienten Kapitalmärkten und mit Fragen der Managementkontrolle auf unvollkommenen Märkten. Der folgende selektive Überblick konzentriert sich auf zentrale...
Persistent link: https://www.econbiz.de/10005840398