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
The paper examines the issue of corporate social responsibility (CSR)from the perspective of constitutional economics, focusing on the distinction betweena political community’s constitutional choice of the rules of the ‘‘marketgame,’’ and the market players’ sub-constitutional...
Persistent link: https://www.econbiz.de/10005861174
This paper uses German evidence to address two questions about corporate governance. Theeffects of ownership on corporate governance have received much recent attention, but verylittle of this has been devoted to the appropriate way to measure firm ownership. The resultsof this paper show that...
Persistent link: https://www.econbiz.de/10005861231
Europa hat sich mit der Lissabon-Strategie aus dem Jahr 2000 ambitionierte wirtschaftliche und politische Ziele gesetzt. Im Rahmen einer 10-Jahres-Strategie will der Europäische Rat die EU zum dynamischsten und wettbewerbsfähigsten Wirtschaftsraum der Welt machen. Diese Ankündigung wurde mit...
Persistent link: https://www.econbiz.de/10005861339
This paper documents the conglomerate discount for all available German firms andthe DAX 30 firms in detail. It shows a moderate discount of about 0.06 based onGerman comparable firms and of about 0.20 for a combined sample of German andEuropean peer groups. I further examine the relationship...
Persistent link: https://www.econbiz.de/10005861842
Einleitung: In der zweiten Hälfte der neunziger Jahre ist die Verbesserung der CorporateGovernance börsennotierter Gesellschaften zu einem intensiv diskutiertenThema geworden. Im Unterschied zu früheren Debatten, wie sie vor etwazwanzig Jahren anlässlich der Arbeit von Jensen/Meckling (1976)...
Persistent link: https://www.econbiz.de/10005862982