Showing 1 - 10 of 379
This dissertation studies the Economic and Monetary Union (EMU) and itseffects on foreign exchange markets and corporate cash holdings. These two potentialeffects are examined in the dissertation in two separate essays.The first essay examines the validity of the purchasing power parity...
Persistent link: https://www.econbiz.de/10009465029
control. Ownership concentration has been one of the corporate governance mechanisms to solve the agency problem between … performance. This study aims to examine the efficiency of ownership concentration as a corporate governance mechanism, and to … be another efficient governance approach. Direct control from founder owners, ultimate control from insurance companies …
Persistent link: https://www.econbiz.de/10009461307
directorships and firm financial performance. Finally, we discuss the implications for boards and those interested in governance …, particularly the need to ensure governance recommendations and guidelines reflect empirical findings. We offer one solution to …
Persistent link: https://www.econbiz.de/10009447953
Performance-Analyse unter Ber?cksichtigung spezifischer Corporate Governance-Strukturen und Familiencharakteristika. So werden die … Nichtfamilienunternehmen. Entsprechend werden die M?glichkeiten zur Disziplinierung der Akteure ?ber die Mechanismen der Corporate Governance … corporate governance mechanisms shows the inherent problems of any conflicting interests. …
Persistent link: https://www.econbiz.de/10009482315
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 … questions are addressed: (i) is cross-listing in the United States an effective corporate governance mechanism reducing the …
Persistent link: https://www.econbiz.de/10009460742
In many respects, Australian boards more closely approach normative best practice guidelines for corporate governance …
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
/complex) with bonus andperformance. Furthermore, firm size and particular corporate governance factors areincluded (i.e. NED ratio … performance and extract greater rents; (7)governance factors are insignificant, suggesting that efforts to improve this area may … bewasted, since they mainly leave pay-performance sensitivities unaffected. However,based on power theory, weak governance may …
Persistent link: https://www.econbiz.de/10009461122
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