Showing 1 - 10 of 3,696
This paper analyses the turnover of board of directors members on a sample of companies listed on the Milan Stock … Exchange in the period 1988-1996. Our aim is to investigate if board members change more frequently when company performance is … poor, as the literature suggests, if this relationship is similar for C.E.O.s and other board members, and if and how the …
Persistent link: https://www.econbiz.de/10011608494
This study provides pioneering empirical evidence on board gender diversity and firm performance relationship for the …
Persistent link: https://www.econbiz.de/10014327655
This paper studies the turnover of board of directors members in a sample of 72 companies listed on the Milan Stock … Exchange during the period 1988-1996. We investigate whether board members change more frequently when company performance is … relationship with performance. Board turnover instead is unrelated to performance but is related to the firm?s ownership structure …
Persistent link: https://www.econbiz.de/10010276137
The paper analyzes the optimal structure of board of directors in a firm with ownership concentrated in the hands of a … large shareholder who sits on the board. We focus our attention on the choice between one-tier board who performs all tasks … and two-tier board where the management board is in charge of project selection and the supervisory board is in charge of …
Persistent link: https://www.econbiz.de/10010312344
The paper analyzes the optimal structure of the board of directors in a firm with a large shareholder sitting on the … board. In a one-tier structure the sole board performs all tasks, while in a two-tier structure the management board is in … charge of project selection and the supervisory board is in charge of monitoring. We consider the case in which the large …
Persistent link: https://www.econbiz.de/10010261334
This study aims to examine the impact of gender diversity in the Board of Directors (BOD) on the firm performance …
Persistent link: https://www.econbiz.de/10014001611
. Although we only find few differences, we observe that board composition is significantly driven by language-related factors …
Persistent link: https://www.econbiz.de/10011390668
Contemporary bank governance is criticized for manager-dominated (insider) boards of directors, but from the beginning of the nineteenth century, bank presidents appear also to have operated as chairmen of the boards of directors. However, the managers were constrained by a variety of rules that...
Persistent link: https://www.econbiz.de/10011396829
While empirical studies that use event-study methodology find on average that the gains from mergers and acquisitions are positive, those focusing on accounting figures tend to find a significant drop in performance. We argue that each of the four possible combinations between positive or...
Persistent link: https://www.econbiz.de/10010291123
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