Showing 1 - 10 of 3,066
This paper uses a unique dataset from Denmark to investigate (1) the role of family characteristics in corporate decision making, and (2) the consequences of these decisions on firm performance. We focus on the decision to appoint either a family or an external chief executive officer (CEO). We...
Persistent link: https://www.econbiz.de/10012142315
There is some controversy on the key sources of success in the private equity model and on how this business model affects the portfolio companies. We investigate financial distress risks of European companies around the buyout event in the period between 2000 and 2008. In addition, we analyze...
Persistent link: https://www.econbiz.de/10010307834
document which ought to be regarded as the mainstay of governance. In the first place, we show that an organization carries out … the Charter as a compact of regulatory and discretionary governance, comprised not only by the articles and certificate of … incorporation, but also internal bylaws of the organization, the Statute of Governance, the Code of Good Practices, and provisions …
Persistent link: https://www.econbiz.de/10010323077
This paper sets forth that governance brokerage can be regarded as a natural outgrowth of the actual practice of … Corporate Governance. To lay the foundations of our subject, firstly we delve into the dual nature of any transaction. Then we … move on to define what the expression governance broker means, underlining five professional arrangements from which …
Persistent link: https://www.econbiz.de/10010323122
Exchanges and other trading platforms are often vertically integrated to carry out trading, clearing and settlement as one operation. We show that such vertical silos can prevent efficiency gains from horizontal consolidation of trading and settlement platforms to be realized. Independent of the...
Persistent link: https://www.econbiz.de/10011604421
Corporate governance is a recent concept that encompasses the costs caused by managerial misbehavior. Corporate … governance is concerned with how organizations in general, and corporations in particular, produce value and how that value is … of value). Corporate governance is concerned with this link in general, but more specifically with the moral and ethical …
Persistent link: https://www.econbiz.de/10011931348
Exchanges and other trading platforms are often vertically integrated to carry out trading and settlement as one operation. We show that these vertical silos can prevent the full realization of efficincy gains from horizontal consolidation of trading and settlement platforms. Independent of the...
Persistent link: https://www.econbiz.de/10011940669
This study analyzes the effect that banks' investments in corporate social responsibility (CSR) have on bank performance. I find that banks' investments in CSR have a positive impact on financial performance, measured in terms of both accounting performance and stock market value. However, not...
Persistent link: https://www.econbiz.de/10013200312
The paper examines the impact of business group affiliation on cost of loans in an emerging market setting. It focuses on operational strategy, organizational structure and internationalization policies of business group firms and their impact on borrowing cost of affiliated firms. Bank loans...
Persistent link: https://www.econbiz.de/10012611002
We show that U.S. banks price deposits almost uniformly across their branches and that this pricing practice is crucial to explain the deposit rate dynamics following bank mergers. We find a strong and sharp post-merger convergence between the deposit rates of the acquired branches and the...
Persistent link: https://www.econbiz.de/10012619616