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CEO and board characteristics as determinants of private benefits of control: Evidence from the Russian stock exchange
Berezinets, Irina; Ilina, Yulia; Muravyev, Alexander - 2011
This paper investigates whether and how various characteristics of CEOs and corporate boards are related to the severity of corporate governance problems within firms. The latter is proxied by private benefits of control, which we measure for dual class stock firms using the voting premium...
Persistent link: https://www.econbiz.de/10010282260
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Outside board memberships of CEOs: Expertise or entrenchment?
Balsmeier, Benjamin; Buchwald, Achim; Peters, Heiko - 2011
We investigate whether outside board memberships of CEOs signal expertise or entrenchment. The analysis is based on panel data of the largest German companies covering the period from 1996 to 2008. Supporting the entrenchment hypothesis, our analysis reveals that firms having a CEO with one or...
Persistent link: https://www.econbiz.de/10010305858
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Corporate governance and current regulation in the German banking sector: an overview and assessment
Köhler, Matthias - 2010
This paper gives an overview over corporate governance and banking regulation in Germany. Particular attention is put … changes mainly focus on the remuneration of managers and on further professionalizing the supervisory board. Problematic is …, some of the recommendations and suggestions made to improve corporate governance in Germany are not legally binding even …
Persistent link: https://www.econbiz.de/10010299931
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Board Independence and CEO Turnover
Laux, Volker - 2005
It is widely believed that the ideal board in corporations is composed almost entirely of independent (outside) directors. In contrast, this paper shows that some lack of board independence can be in the interest of shareholders. This follows because a lack of board independence serves as a...
Persistent link: https://www.econbiz.de/10010263315
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Mitbestimmung im Unternehmensvergleich: Ein Konzept zur Messung des Einflusspotenzials der Arbeitnehmervertreter im mitbestimmten Aufsichtsrat
Höpner, Martin; Müllenborn, Tim - 2010
Aufsichtsrat vor, der sich aus der Addition von fünf Dummy- Variablen ergibt. Von einem hohen Einflusspotenzial der … Arbeitnehmervertreter wird ausgegangen, wenn (1) der Aufsichtsrat hälftig mit Arbeitnehmervertretern besetzt ist, (2) der Aufsichtsrat über … allem innerhalb des Kapitalverflechtungsnetzwerks der 'Deutschland AG' befinden, und dass Mitbestimmungsvermeidung vor allem …
Persistent link: https://www.econbiz.de/10010301022
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Subprime crisis and board (in-)competence : private vs. public banks in Germany
Hau, Harald; Thum, Marcel - 2009
We examine evidence for a systematic underperformance of Germany's state-owned banks in the current financial crisis …
Persistent link: https://www.econbiz.de/10010276835
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Corporate Governance und Unternehmenserfolg - Eine empirische Analyse des Zusammenhangs zwischen den Führungs-, Kontroll- und Anreizstrukturen und der Geschäftsentwicklung deutsche...
Steinbrecher, Johannes - 2016
Das internationale Bankensystem stand in den vergangenen Jahren im Fokus des öffentlichen Interesses. Bei der Diskussion möglicher Optionen zur Verbesserung der Finanzsystemstabilität rückt zunehmend die Corporate Governance in Banken in den Fokus. Der vorliegende Forschungsbericht widmet...
Persistent link: https://www.econbiz.de/10011698354
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Managerial ownership and firm performance in German small and medium-sized enterprises
Mueller, Elisabeth; Spitz, Alexandra - 2001
which managers could become entrenched, they already bear a large proportion of the costs and have therefore an incentive to …
Persistent link: https://www.econbiz.de/10010297809
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What explains the rise in CEO pay in Germany? A panel data analysis for 1977-2009
Fabbri, Francesca; Marin, Dalia - 2012
work for. We reject, however, the efficient pay hypothesis as CEO pay and the demand for managers increases in Germany in …The compensation of executive board members in Germany has become a highly controversial topic since Vodafone's hostile … unique panel data evidence of the 500 largest firms in Germany in the period 1977-2009 we test two prominent hypothesis in …
Persistent link: https://www.econbiz.de/10010281035
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What explains the rise in CEO pay in Germany? A panel data analysis for 1977 - 2009
Fabbri, Francesca; Marin, Dalia - 2012
work for. We reject, however, the efficient pay hypothesis as CEO pay and the demand for managers increases in Germany in …The compensation of executive board members in Germany has become a highly controversial topic since Vodafone's hostile … unique panel data evidence of the 500 largest firms in Germany in the period 1977-2009 we test two prominent hypotheses in …
Persistent link: https://www.econbiz.de/10010282632