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The initial view of the advantages of ownership concentration in joint stock companies was determined by the concern about the opportunistic managerial behavior. The growing importance of knowledge and human capital in the operation of firms shifts the focus of concern: excessive ownership...
Persistent link: https://www.econbiz.de/10009476880
Corporate governance aims to reduce expropriation of investors by managers. This thesis identifies and empirically examines three corporate governance mechanisms: cross-listing in the United States, close bank-firm relationships in Germany and corporate ownership structure in an emerging market....
Persistent link: https://www.econbiz.de/10009460742
shareholders and management. Existing literature is mainly concerned with the impact of managerial ownership on firm performance …, and management ownership are beneficial for firm performance, while government, financial institutions except insurance …
Persistent link: https://www.econbiz.de/10009461307
seemed to go from strength to strength under the leadership of Mr. Arthur Brown assisted by his senior management team of … which none more prominent than Mr. Graham Maddock. The group’s main business is Fidentia Asset Management (FAM) which … Authority (TETA) invested R200,3 million and R1,2 billion of the Mineworkers Provident Fund was placed under its’ management in …
Persistent link: https://www.econbiz.de/10009442207
In many respects, Australian boards more closely approach normative best practice guidelines for corporate governance than boards in other Western countries. Do Australian firms then demonstrate a board demographic-organisational performance link that has not been found in other economies? We...
Persistent link: https://www.econbiz.de/10009447876
How many directorships are too many? Globally, normative advice emphasises the importance of limiting the number of directorships any individual should hold due to the workloads they entail. However, there is little empirical evidence to support this view. Rather, there is a strong tradition of...
Persistent link: https://www.econbiz.de/10009447953
influence over management and the diversity of directors’ pre-meeting positions increase the polarization effect. The relative …
Persistent link: https://www.econbiz.de/10009476655
We compare top management compensation among prospector, defender, and analyzer strategic types, and the effects of … management group more than did analyzers. They were also bigger, their managers faced more employment risks, and they paid their … compensated their top management group more, providing evidence of a positive relationship between risk and return at the level of …
Persistent link: https://www.econbiz.de/10009459114
-makers deal with risk management or bottom-line protection issues as well as exploiting the business opportunity the new … accountability of climate change risk management placed with the board of directors and senior management. The literature review is …
Persistent link: https://www.econbiz.de/10009483779
This paper addresses the presence of outside directors in family firms in India examining the generation of the firm and years of operation. Aspects of corporate leadership such as family member as CEO, as well as the CEO's role in a founding family firm, are considered in relation to financial...
Persistent link: https://www.econbiz.de/10009483918