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, transaction costs and agency problems. Then, corporate governance is linked to globalization by means of some recent approaches …
Persistent link: https://www.econbiz.de/10010323056
The Brussels Effect, once emblematic of the EU's alleged influence in shaping global regulations, has now become a factor contributing to global regulatory fragmentation. The EU must recalibrate its trajectory towards a liberal and rules-based trading order, prioritizing widespread regulatory...
Persistent link: https://www.econbiz.de/10014560198
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Globalisaation seurauksena erityisesti pienten maiden yritysten omistajapolitiikka ja -rakenne sekä johtamis- ja valvontajärjestelmät (corporate governance) ovat muuttuneet. Tässä tutkimuksessa tarkastellaan Suomessa toimivien yritysten omistajien kansallisuuden vaikutusta yritysten...
Persistent link: https://www.econbiz.de/10010285215
This study examines how globalization of corporate governance practices influence the risk of European CEOs being … dismissed. We argue that the harsh monitoring of the American corporate governance system spills over to the rest of the world … as a result of this globalization. We focus on direct and indirect American influence on the dismissal performance …
Persistent link: https://www.econbiz.de/10010320346
In this paper, we analyse whether bank owners or bank managers were the driving force behind the risks incurred in the wake of the financial crisis of 2007/2008. We show that owner controlled banks had higher profits in the years before the crisis, and incurred larger losses and were more likely...
Persistent link: https://www.econbiz.de/10010299988
To gain insights about the quality of board's firing decisions, we investigate abnormal stock returns and operating performance around CEO-turnover announcements in a new hand- collected sample of 208 “clean” turnover events between January 1998 and June 2009. Unlike the majority of previous...
Persistent link: https://www.econbiz.de/10011390666
This paper presents a positive model which shows that institutional setups on capital and labor markets might be intertwined by politicoeconomic forces. Two politicoeconomic equilibria arise from our model, one with little protection of insiders on capital and labor markets, and another one with...
Persistent link: https://www.econbiz.de/10010265445