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This dissertation examines how a fundamental group decision-making bias referred to as group polarization may influence boards’ major strategic decisions (i.e. acquisition premiums, executive compensation, and diversification) and the diffusion of practices through interlock networks. I begin...
Persistent link: https://www.econbiz.de/10009476655
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
essential tool to stimulate growth and enable firms to master the competition brought about by the forces of globalization. In … reforms and far-reaching technological advancements have brought to fore new economic powerhouses, such as China and India … specific needs of targeted markets. All these developments are leading to the “globalization of innovation”. Based on recent …
Persistent link: https://www.econbiz.de/10009457680
With the Peoples’ Republic of China (PRC) having inextricably been interconnected with the international economy and … generic literature on internationalization of firms does not account for the ideological and institutional aspects specific to … China and thus does not do justice to the way the Chinese Multinational Corporations (MNCs) have evolved. Unlike most …
Persistent link: https://www.econbiz.de/10012271277
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