Showing 1 - 10 of 461
The paper examines the corporate governance mechanism of the control model (or insider control system) by looking at both the motivation for management to deviate from following their principal's wishes and whether the supervising body, the board of directors would correct them. Some...
Persistent link: https://www.econbiz.de/10009958025
This paper analyzes the determinants of governance transparency. In our model, entrepreneurs optimally decide the precision of their earning reporting by trading off the possibility of expropriating profits against the capacity to attract external funding.We find that information is only...
Persistent link: https://www.econbiz.de/10010148154
The aim of this research is to explore the relationship of corporate governance with firm risk. This study establishes a link between corporate governance variables and firm risk for a sample of 106 Pakistani firms over a time of six years (2005-2010). Based on the estimation results, family...
Persistent link: https://www.econbiz.de/10010148372
Persistent link: https://www.econbiz.de/10009885063
French data suggest that (i) increased functional distance induces an increase of the investment cash flow sensitivity … constraints is non linear with an investment-cash flow relationship supposed to be increasing for low levels of operational … constraints ; investment-cash flow sensitivity …
Persistent link: https://www.econbiz.de/10010097638
This study investigates the effects of board characteristics on R&D investment by utilizing a data set of electronics … firms listed on the Taiwan Stock Exchange Corporations. The empirical results indicate that R&D investment is negatively …&D investment is positive, but not significant. The findings provide one important managerial implication that firms competing on …
Persistent link: https://www.econbiz.de/10010097666
A new paradigm for public management, called "New Public Management", has emerged since the 1980s that is formed to confront at present problems. This model is originated from the fusion of economic theories and private sector management techniques. The most relief particulars of this model are...
Persistent link: https://www.econbiz.de/10010098101
The subject of this paper is a modified net present value, and how it could be a useful tool for synergy valuation in the process of business combination. Every successful acquisition has to result in synergy in the post acquisition value. In the process of valuation each company has three...
Persistent link: https://www.econbiz.de/10010185800
empirical evidence that support the implications of the theory regarding the arguments for the corporate risk management …
Persistent link: https://www.econbiz.de/10009958023
investment, profitability and industry concentration ratios are examined. The study reveals that EMU has a substantial negative …
Persistent link: https://www.econbiz.de/10009958052