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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
domestically. The main findings corroborate the notion that a company can voluntarily strengthen protection of outside investors by … negative impact of managerial ownership on the information content of earnings when the company has low unrelated block … most effective in the world and can be borrowed by foreign companies through cross-listing in the United States. In Germany …
Persistent link: https://www.econbiz.de/10009460742
explore relevant policy implications to improve firm performance.Based on the company ownership data across a sample of 1291 … largest three shareholders own more than 60% ownership of company. Industrial companies hold direct controls of European non … who owns more than 10% of the shares in a European company.A further sample of 655 European companies is used to …
Persistent link: https://www.econbiz.de/10009461307
boards. In detail, it analyzes how company size influences the heterogeneity of supervisory boards with respect to … performance and company performance are the focus of chapter 4. In a first step, the relation between board heterogeneity and … board performance as well as company performance is examined in general; subsequently, the influence of moderating variables …
Persistent link: https://www.econbiz.de/10009475315
The first part of this thesis analyzes and quantifies the magnitude of executive remuneration disclosure of the world … Banken der Welt analysiert und quantifiziert. Als Grundlage hierfür dienen hauptsächlich die Jahresberichte der Banken und …
Persistent link: https://www.econbiz.de/10009451182
information and publicity - for themselves or other stakeholders - they can influence a company?s relations to the financial or …
Persistent link: https://www.econbiz.de/10009481006
demutualization of stock exchanges. Using panel data on 132 major stock exchanges in 114 countries from 1990 to 2003, we examine the … effect of demutualization on an exchange’s performance in its primary product markets: trading and listings. We document some … evidence that demutualization is associated with improved competitiveness in attracting trading volume. Results on listings …
Persistent link: https://www.econbiz.de/10009465003
This thesis investigates the pattern of Financial Instrument Disclosures (FIDs) within the annual reports of Australian listed extractive resource companies (mining and petroleum) over a four year longitudinal period encompassing the 2003 to 2006 financial years. This is an important period to...
Persistent link: https://www.econbiz.de/10009435006
aimed at establishing a link between board attributes and company performance. In this thesis I explore and extend the study … directors’ formal company ties and their social ties determine a director’s opportunity network through which they are able to … networks. SNA is used to measure a the number of ties a director has to other directors in the top-105 company director network …
Persistent link: https://www.econbiz.de/10009437975
. First, board independence is weakened by the introduction of government officials as independent directors on the boards …. Government officials acting as independent directors, claim that they meet the definition of independent director set by the … power is composed of board size and board activity. The results of CEO power show that if a Chinese listed company has CEO …
Persistent link: https://www.econbiz.de/10009438004