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In the past only a few of the major Italian companies spontaneously adopted self- regulatory tools such as codes of corporate conduct or codes of ethics, claiming the set of values that should guide their conduct and their shareholders and stakeholders were called to comply with. As a reaction...
Persistent link: https://www.econbiz.de/10010312304
The present paper uses a comparison of Japan and the US to argue that the debate about corporate governance reform is …
Persistent link: https://www.econbiz.de/10010274194
Es gibt einen breiten Konsensus darüber, dass japanische "Governance" während der Phase des Hochwachstums auf einem eng verflochtenen System von "Stakeholder"-Beziehungen beruhte, das heute wegen der stark zugenommenen Komplexität der entwickelten japanischen Gesellschaft als überholt gelten...
Persistent link: https://www.econbiz.de/10010377556
This paper discusses the current state of and issues related to corporate governance in America after the passage of the Sarbanes-Oxley Act of 2002. It suggests additional steps necessary to realize improvement in the ways in corporations govern themselves and regulators must operate to make the...
Persistent link: https://www.econbiz.de/10010295526
The legal environment is one important determinant of corporate governance. However, within legal families, also cultural differences can explain the level of corporate governance to some extent. We analyze this relationship for the case of Switzerland. Swiss firms are mainly located in two...
Persistent link: https://www.econbiz.de/10011390668
Recent ”law and finance” research implies that minority shareholder rights are heavily affected by the legal tradition. This in turn has economic implications for a company´s ability to raise equity capital from outsiders, i.e., from minority investors. In a famous study by La Porta et al....
Persistent link: https://www.econbiz.de/10010285271
In this paper we contribute to the literature on the structure of interlocking directorship networks and to the literature on the relationship between corporate governance and performance. We use a unique dataset made of corporate governance variables related to the board size and interlocking...
Persistent link: https://www.econbiz.de/10010274726
Although it is widely acknowledged that the benefits of corporate governance reform could be substantial, systematic … evidence on such reforms is scant. We both document and evaluate a contemporary corporate governance reform by constructing 18 … protection has been strengthened whereas creditor protection has been weakened. We also demonstrate how the reform is consistent …
Persistent link: https://www.econbiz.de/10010285197
Die gute Führung von Unternehmen und die Höhe der Managergehälter stehen nach diversen Finanzskandalen von Unternehmen und den Kursmanipulationen am Neuen Markt im Mittelpunkt des öffentlichen Interesses. Im Mai dieses Jahres hat die EU Kommission einen Aktionsplan über „Modernisierung...
Persistent link: https://www.econbiz.de/10010302989
Persistent link: https://www.econbiz.de/10010264807