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Understanding corporate governance in the United States: An historical and theoretical reassessment
Jackson, Gregory - 2010
The U.S. is often seen as being the paradigmatic case of the shareholder-oriented or market-based model to corporate governance, and described in terms of several inter-related elements: activist institutional investors, an open market for corporate control, independent outside directors on the...
Persistent link: https://www.econbiz.de/10011315362
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Did the Sarbanes-Oxley Act of 2002 make Firms less Opaque? Evidence from Analyst Earnings Forecasts
Arping, Stefan; Sautner, Zacharias - 2010
We study whether the Sarbanes-Oxley Act (SOX) of 2002 made firms less opaque. For identification, we use a difference-in-differences estimation approach and compare EU firms that are cross-listed in the US—and therefore subject to SOX—with comparable EU firms that are not cross-listed. We...
Persistent link: https://www.econbiz.de/10010325984
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Strategic trading and trade reporting by corporate insiders
Betzer, André; Gider, Jasmin; Metzger, Daniel; … - 2011
Regulations in the pre-Sarbanes-Oxley era allowed corporate insiders considerable flexibility in strategically timing their trades and SEC filings, for example, by executing several trades and reporting them jointly after the last trade. We document that even these lax reporting requirements...
Persistent link: https://www.econbiz.de/10010308553
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The effect of the Sarbanes-Oxley Act on CEO pay for luck
Paligorova, Teodora - 2008
According to the rent-extraction hypothesis, weak corporate governance allows entrenched CEOs to capture the pay-setting process and benefit from events outside of their controlget paid for luck. In this paper, I find that the independence requirement imposed on boards of directors by the...
Persistent link: https://www.econbiz.de/10010280049
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Strategic trading and trade reporting by corporate insiders
Betzer, André; Gider, Jasmin; Metzger, Daniel; … - 2011
Regulations in the pre-Sarbanes-Oxley era allowed corporate insiders considerable flexibility in strategically timing their trades and SEC filings, e.g., by executing several trades and reporting them jointly after the last trade. We document that even these lax reporting requirements were...
Persistent link: https://www.econbiz.de/10010291113
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Retained State Shareholding in Chinese PLCs : Does Government Ownership Reduce Corporate Value?
Tian, Lihui; Estrin, Saul - 2005
The role of government shareholding in corporate performance is central to an understanding of China?s newly privatized …
Persistent link: https://www.econbiz.de/10010262209
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Trust, control, interactionand performancein IJVs: A taxonomy of German-Chinese Joint Ventures
Mohr, Alexander T. - 2004
China carried out in 2000/01. Using Cluster-Analysis two JV types are derived, which allow for some first yet tentative …
Persistent link: https://www.econbiz.de/10010296984
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Cross-listing, managerial compensation and corporate governance
Luo, Yongli - In: Cogent Economics & Finance 2 (2014) 1, pp. 1-17
This study examines the relationship between cross-listing and managerial compensation of Chinese firms that concurrently issued A- and B-shares or A- and H-shares during 2001 - 2010. The results show that executive compensation is a positive factor to motivate Chinese A-share firms to...
Persistent link: https://www.econbiz.de/10011559138
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Impact of insiders and outsiders of entrepreneurial firms on valuation in initial public offering
Xu, Zhijian; Xie, Zhiyou - In: Journal of Chinese Management 1 (2014) 1, pp. 1-12
firms on China's Growth Enterprise Market, we do an empirical test for the correlation between initial public offering …
Persistent link: https://www.econbiz.de/10011658433
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Executive compensation, firm performance, and corporate governance in China: evidence from firms listed in the Shanghai and Shenzhen stock exchanges
Kato, Takao; Long, Cheryl - 2005
This paper provides evidence on how executive compensation relates to firm performance in listed firms in China. Using … comprehensive financial and accounting data on China's listed firms from 1998 to 2002, augmented by unique data on executive … cash compensation (salary and bonus) for top executives with respect to shareholder value in China. In addition, sales …
Persistent link: https://www.econbiz.de/10010267302