Showing 1 - 10 of 1,127
results suggest that "old boys' club" ownership structures are a major impediment to the empowerment of female talent in …
Persistent link: https://www.econbiz.de/10011401808
This paper documents how the net profit margin of private firms improves when the CEOs of the companies relocate their primary residence to be closer to the corporate headquarters. By reviewing 127 Korean non-public companies belonging to 66 private business groups, we find that the top managers...
Persistent link: https://www.econbiz.de/10012034804
. This work presents the relationship between CEO personality traits and corporate social responsibility (CSR) and shows … has been shown that effective corporate governance practices lead significantly to moderate CEO behavior with regard to …
Persistent link: https://www.econbiz.de/10013201001
necessarily bearing the costs of their decisions. Second, such CEO-induced CSR enhancements turn out to be defective CSR … characteristics, we refute previous contradicting empirical evidence regarding a significant CEO effect and show a conditional … relation between CEO power and CSR choice. Our results are robust to alternative sample compositions, different variable …
Persistent link: https://www.econbiz.de/10012620979
This study investigates the relationship between the Chairman's characteristics (age, title, tenure, and ownership) and … the firm's operating performance (measured by profitability and liquidity), and whether the Chief Executive Officer's (CEO … positively and significantly associated with the firm's profitability but not with liquidity. Conversely, Chairman ownership is …
Persistent link: https://www.econbiz.de/10012657339
for a set of firm characteristics and CEO traits. We document that CEO marriage reduces crash risk by curbing bad news … hoarding and formation activities. Moreover, the attenuating impact of CEO marriage on crash risk is more pronounced among …
Persistent link: https://www.econbiz.de/10014284483
relationship between private benefits of control and CEO ownership with a minimum at about 4% CEO ownership, a positive association … between CEO tenure and private benefits, and a quadratic in CEO age with a dip in private benefits at about 52 years of age …
Persistent link: https://www.econbiz.de/10010282260
This paper analyses ownership and control structures of Dutch listed companies. Legislation effective since 1992 … that the average ownership stakes of the largest and the three largest shareholders are 27% and 41%, respectively. The … average ownership stakes of banks, insurance companies and other financial institutions are relatively low. We observe that …
Persistent link: https://www.econbiz.de/10011608486
The current literature on firm ownership around the world shows that concentrated ownership with only one or a few … controlling owners is common, especially in many European and Asian countries. The dispersed ownership has proven to be uncommon … and even countries with supposed dispersed ownership has also shown signs of ownership concentration. Commonly, the …
Persistent link: https://www.econbiz.de/10011332476
This paper outlines the foundations of corporate governance. The discussion includes a review on the modern corporation, transaction costs theory, agency costs theory, legal investor protection, investor protection by corporate governance and its various mechanisms, as well as an overview of the...
Persistent link: https://www.econbiz.de/10011390672