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Imperfect Competition and Corporate Governance

Milne, Frank; Kelsey, David - 2006

This paper studies corporate governance when a firm operates in imperfect markets. We derive firms' decisions from utility maximization by individuals. If those involved in decisions are also consumers, the usual monopoly distortion is reduced. Corporate governance can effect the equilibrium in...

Persistent link: https://www.econbiz.de/10011940697

Corporate Governance in Germany: An Economic Perspective

Schmidt, Reinhard H. - 2003

regarded as the standard example of an insider-controlled and stakeholder-oriented system. Moreover, only a few years ago it …

Persistent link: https://www.econbiz.de/10010331088

Composition of supervisory boards in Germany: Inside or outside control of banks?

Andreani, Ettore; Dummann, Kathrin; Neuberger, Doris - 2009

This paper examines the composition of supervisory boards of German banks for a sample of 41 large banks in the period 1999-2006. We find that the supervisory board structure reflects both outside control by shareholders and inside control by stakeholders. Most of the non-employee board members...

Persistent link: https://www.econbiz.de/10010319229

The Influence of Pension Funds on Corporate Governance

von Arx, Urs; Schäfer, Andreas - 2007

Although pension funds have gained importance in the last two decades, their role has not been described in detail by economic models. This paper focusses on the scope of these institutional investors when they are not satisfied with a management team of a company in which the pension fund holds...

Persistent link: https://www.econbiz.de/10011753127

Stakeholder capitalism, corporate governance and firm value

Allen, Franklin; Carletti, Elena; Marquez, Robert - 2007

We consider the advantages and disadvantages of stakeholder-oriented firms that are concerned with employees and … suppliers as well as shareholders compared to shareholderoriented firms. Societies with stakeholder-oriented firms have higher … voluntarily choose to be stakeholder-oriented because this increases their value. Consumers that prefer to buy from stakeholder …

Persistent link: https://www.econbiz.de/10010298375

Responsible corporate governance: An overview of trends, initiatives and state-of-the-art elements. What sort of globalisation is sustainable?

Kuhndt, Michael; Tunçer, Burcu; Andersen, Kristian Snorre - 2003

govern TNCs. RCG is suggested as a stakeholder based policyinstrument, which aims at allocating responsibilities to societal … actionare brought forward. Here, the paper also lists down corporate elements (stakeholder empowered corporate governance …

Persistent link: https://www.econbiz.de/10010306197

A governance indicator for small and medium-sized enterprises

Yacuzzi, Enrique - 2008

A governance indicator for Small and Medium-Sized Enterprises (SMEs) is presented. The indicator adopts stakeholder …

Persistent link: https://www.econbiz.de/10010323063

The management of moral hazard through the implementation of a Moral Compliance Model (MCM)

San-Jose, Leire; Gonzalo, Jose Felix; Ruíz-Roqueñi, Maite - In: European Research on Management and Business Economics … 28 (2022) 1, pp. 1-11

Moral hazard in an organization occurs when people make decisions and take a high risk for their own benefit, given that they would not have to bear all the negative ensuing consequences should they occur. This risk transferred to third parties is generally due to the catalysts that foster this...

Persistent link: https://www.econbiz.de/10014525707

Shareholder vs. Stakeholder: Ökonomische Fragestellungen

Schmidt, Reinhard H.; Weiß, Marco - 2003

Stakeholder berücksichtigt, auf der anderen Seite - werden geschildert und mit den Mitteln der ökonomischen Theorie bewertet …. Spezifische Investitionen möglicher Stakeholder und die Institutionen und Mechanismen, die eine Absicherung der daraus … entstehenden ökonomischen Renten für die jeweiligen Stakeholder erlauben, sind damit wichtige Bestimmungsparameter für die …

Persistent link: https://www.econbiz.de/10010316241

Leadership Structure and Corporate Governance in Switzerland

Schmid, Markus M.; Zimmermann, Heinz - 2007

The question of whether the CEO should also serve as chairman of the board is one of the most hotly debated issues in the recent corporate governance discussion. While agencytheoretic arguments advocate a separation of decision and control functions, the empirical evidence focusing on U.S....

Persistent link: https://www.econbiz.de/10011390617

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