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Market Liquidity, Investor Participation and Managerial Autonomy: Why do Firms go Private?

Boot, Arnoud W.A.; Gopaian, Radhakrishnan; Thakor, Anjan V. - 2006

intervention affects the supply of productive inputs by management. We show that both the advantage and the disadvantage of public … a firm's shareholder base. This exposes management to uncertainty regarding the identity of future shareholders and … their extent of intervention in management decisions and in turn curtails managerial incentives. By contrast, because of its …

Persistent link: https://www.econbiz.de/10010325255

Incorporation and taxation : theory and firm-level evidence

Egger, Peter; Keuschnigg, Christian; Winner, Hannes - 2009

This paper provides a theory and firm-level evidence on the incorporation decision of entrepreneurs in a model of taxes and corporate governance. The theory explains how the incorporation decision of entrepreneurs is driven by taxation (corporate and personal income taxes), corporate...

Persistent link: https://www.econbiz.de/10010265996

Firm characteristics and informal governance of business operations in the PRD, China

Bickenbach, Frank; Liu, Wan-Hsin - 2011

This paper describes the Chinese economic and institutional reform process as a gradual transition of an informal, relation-based governance system into a more formal and rule-based governance system. The consequences of macro-level institutional reforms on the importance of personal...

Persistent link: https://www.econbiz.de/10010277349

Transparenz bei der Managervergütung - ist die Akzeptanz des Corporate Governance Kodex in Gefahr?

Zypries, Brigitte; Kley, Max; Adams, Michael; Lutter, Marcus - In: ifo Schnelldienst 57 (2004) 19, pp. 3-9

Mit der Weigerung, die Vergütung ihres Vorstandes einzeln offen zu legen, verstoßen vieler DAX-Unternehmen gegen eine … vieler Unternehmen, dieser Empfehlung nachzukommen, ist für sie der Deutsche Corporate Governance Kodex als Ganzes eine … "Comply or Expain" festhalten, das den Unternehmen die Wahl lässt, sich für den Codex zu entscheiden oder ihn ganz oder …

Persistent link: https://www.econbiz.de/10011692215

Corporate governance, innovative enterprise, and economic development

Lazonick, William - 2006

The notion that good corporate governance means maximizing shareholder value derives from the neoclassical theory of the market economy. I explain why this perspective is highly problematic for understanding the operation and performance of the business corporation and hence the institutions...

Persistent link: https://www.econbiz.de/10010284552

ISO/IEC 3850x - Die Normenreihe zur IT-Governance

Klotz, Michael - 2016

Trennung zwischen IT-Governance und IT-Management sowie dem damit verbundenen Modell der IT-Governance gesehen. Dieses Modell …-Governance. Daneben werden Vertiefungen zur Unterscheidung zwischen Governance und Management sowie ein Framework für die IT …

Persistent link: https://www.econbiz.de/10011520919

Trust, control, interactionand performancein IJVs: A taxonomy of German-Chinese Joint Ventures

Mohr, Alexander T. - 2004

Control and trust are recurring themes in the analysis of the management of International Joint Ventures (IJVs). Both …

Persistent link: https://www.econbiz.de/10010296984

Aktienbasierte Langfristanreize im Rahmen der Vorstandsverguetung: Evidenz auf Basis Deutscher Prime Standard Unternehmen

Rapp, Marc Steffen; Schaller, Philipp; Wolff, Michael - 2009

-based long-term incentives account for less that 23% of the overall compensation to members of the management board. Our …

Persistent link: https://www.econbiz.de/10010305700

Managerial control inside the firm

Hirota, Shinichi; Kawamura, Kohei - 2005

This paper proposes an implicit control mechanism of managers inside the firm. We argue that the need to motivate workers may make it beneficial for a self-interested, short-sighted manager to pursue long-run viability of the firm. When the firm is in a stable environment, this implicit control...

Persistent link: https://www.econbiz.de/10010332257

Organizing for Societal Grand Challenges

Gümüsay, Ali Aslan (contributor); … - 2022

moved from a marginal concern to a mainstream issue within the field of organization and management studies. Organizing for …, and set a foundation for future research on grand challenges in organization and management studies. The articles provide …

Persistent link: https://www.econbiz.de/10014458254