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-scale privatization economy (Czech Republic). Using specifications based on first-differences and unique instrumental variables, we find … that few types of private ownership improve dynamic post-privatization performance. Concentrated foreign (but not domestic … support for the hypothesis that firms restructure by first lowering and later increasing the rate of change of employment. The …
Persistent link: https://www.econbiz.de/10009477240
This paper seeks to provide an answer to the following question, namely when and how does privatization work? Using a … reforms and environment have an effect on the changes in operating performance. For example, we find that privatization yields … post-privatization performance changes. In particular, economic growth, control relinquishment by the government and …
Persistent link: https://www.econbiz.de/10009477478
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
performance. On the one hand, concentration of ownership that, in turn, concentrates management control in the hands of a strategic investor, eliminates agency problems associated with dispersed ownership. On the other hand, it may lead to entrenchment of upper management which may be...
Persistent link: https://www.econbiz.de/10009477189
Executive pay research has traditionally focused on salary, severance payments and longtermincentives. A systematic rigorous empirical examination of short-term annualbonuses is lacking. To address this omission, this research empirically examines therelationship between short-term bonuses and...
Persistent link: https://www.econbiz.de/10009461122
This study is motivated by one of the most prevalent properties of modern corporations: separation of ownership and control. Ownership concentration has been one of the corporate governance mechanisms to solve the agency problem between shareholders and management. Existing literature is mainly...
Persistent link: https://www.econbiz.de/10009461307
We examine the impact of board size on firm performance for a large sample of 2746 UK listed firms over 1981-2002. The UK provides an interesting institutional setting, because UK boards play a weak monitoring role and therefore any negative effect of large board size is likely to reflect the...
Persistent link: https://www.econbiz.de/10009463063
The ?Wall Street Rule? (WSR), a form of institutional investor monitoring, has long been viewed as a ?cut-and-run? strategy adopted by disillusioned institutional investors to express their dissatisfaction with the management of a company. This dissertation shows that WSR, far from being a...
Persistent link: https://www.econbiz.de/10009484231
Die Arbeit beschäftigt sich mit der Frage, ob die Wirtschaftssonderzonen in der Volksrepublik China ein sinnvolles … zu unterstützen. Darüber hinaus wird die Frage gestellt, inwieweit die Erfahrungen in China mit Wirtschaftssonderzonen …The thesis analyses the question whether the special economic zones in the People's Republic of China have supported …
Persistent link: https://www.econbiz.de/10009471702
Den Aufsichtsräten innerhalb des deutschen Corporate Governance Systems ist in den letzten Jahren erhöhte Aufmerksamkeit zugekommen. Es wurden Empfehlungen und gesetzliche Vorschriften formuliert, die die Zusammensetzung des Aufsichtsratsgremiums sowie dessen Tätigkeiten betreffen. Diesem...
Persistent link: https://www.econbiz.de/10009475315