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Ownership, control and firm performance in Europe
Tong, Guanqun - 2010
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
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Financial constraints in economic transition: Empirical evidence from Ukrainian large farms
Zinych, Nataliya; Odening, Martin; Huettel, Silke - 2007
to reveal the evidence of the both phenomena, soft budgetconstraints and credit rationing, investigating investment … behaviour of large farms in Ukraine.Our empirical analysis is based on unbalanced panel data containing 529 … offinancial constraints in the agriculture of Ukraine. …
Persistent link: https://www.econbiz.de/10009445140
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Competition, Innovation and Growth in Transition: Exploring the Interactions between Policies
Aghion, Philippe; Carlin, Wendy; Schaffer, Mark E. - 2002
Transition has entailed the introduction of policies to stimulate product market competition, to establish effective … EBRD-World Bank Enterprise survey of over 3,000 firms in 25 transition countries to test for interaction effects between …
Persistent link: https://www.econbiz.de/10009477161
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Transition to a low carbon footprint : a conceptual model of impacts and management for Australian businesses
Thyil, Vijaya; Wise, Victoria - 2010
Australian businesses will face profound and wide-ranging structural impacts during their transition to a low carbon … footprint economy. This paper synthesizes the impacts for the firm during the transition and identifies the crucial impact …
Persistent link: https://www.econbiz.de/10009483779
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Nominal-Real Tradeoffs and the Effects of Monetary Policy: the Romanian Experience
Popa, Christian - 1998
Due to the persistence of relatively soft budget constraints and poor government credibility, the survival strategy of Romanian state-sector firms means eschewing profit maximization in the short run in favor of insider utility maximization. This takes the form of attempts at both reducing...
Persistent link: https://www.econbiz.de/10009477037
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Ownership concentration & firm performance: Evidence from an emerging market
Grosfeld, Irena - 2006
in the context of a transition economy, i.e. an economy undergoing important changes in its legal and regulatory …
Persistent link: https://www.econbiz.de/10009476880
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Cross-Listing, Close Bank-Firm Relationships and Ownership Structure: Empirical Evidence on Corporate Governance Mechanisms
Korczak, Adriana - 2006
and consequently foster investment. This study empirically examines the influence of close bank-firm relationships as a … corporate governance mechanism on liquidity sensitivity of investment of German manufacturing firms. The empirical evidence … shows that close bank-firm relationships reduce the firm’s liquidity sensitivity of investment. Investments in firms with …
Persistent link: https://www.econbiz.de/10009460742
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Earnings quality and corporate governance following the implementation of Malaysian code of corporate governance
Wan Ismail, Wan Adibah; Dunstan, Keitha; van Zijl, Tony - 2010
This paper investigates the association between corporate governance mechanisms and earnings quality after the implementation of the Malaysian Code of Corporate Governance in 2001. Using 1625 firm-year observations during the period 2003-2007, we tested whether corporate governance variables are...
Persistent link: https://www.econbiz.de/10009441684
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Do accounting and finance tools serve governance?
Ariff, Mohamed; Ratnatunga, Janek - 2008
A brief review of recent literature on corporate governance is provided, which is then concluded with a proposed corporate governance framework as a starting point for further development. We propose that it is stakeholder concentration that determines the quality of corporate governance. Next...
Persistent link: https://www.econbiz.de/10009441761
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Independent Directors and the Propensity to Pay Dividends
Sharma, Vineeta - 2011
Using data from 944 public companies in 2006, I examine how a firm''s propensity to pay dividends is related to (i) board independence and (ii) independent directors'' tenure, number of board seats (busy) and equity incentive compensation. After controlling for the effects of traditional...
Persistent link: https://www.econbiz.de/10009459047