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This paper is concerned with some corporate governance issues related to newly listed firms in China, based on a sample … measured in terms of profitability, sales, leverage and employee productivity. Our results indicate that, on average …, profitability, sales and employee productivity have improved from pre-listing to post-listing. We further investigate the impacts of …
Persistent link: https://www.econbiz.de/10005236943
This paper is concerned with some corporate governance issues related to newly listed firms in China, based on a sample … measured in terms of profitability, sales, leverage and employee productivity. Our results indicate that, on average …, profitability, sales and employee productivity have improved from pre-listing to post-listing. We further investigate the impacts of …
Persistent link: https://www.econbiz.de/10008538814
Persistent link: https://www.econbiz.de/10004998677
This study examines the extent of managers' opportunistic behaviour in influencing their own executive stock incentive … plans in an emerging market economy, namely, China. Using a sample of 53 stock incentive plans in Chinese publicly listed … significant increase in stock prices shortly after the disclosure, consistent with self-interested managers undertaking self …
Persistent link: https://www.econbiz.de/10010670172
This technical note on Investor Protection, Disclosure, and Financial Literacy for Portugal explains investor protection and corporate governance. Comissão do Mercado de Valores Mobiliários (CMVM) is the regulator in charge on ensuring compliance with disclosure issues as well as the corporate...
Persistent link: https://www.econbiz.de/10011242466
This article reviews Germany's corporate governance system and the effectiveness of recent reforms. Since the early 1990s far-reaching reforms have complemented the traditional stakeholder system with important elements of the shareholder system. Instead of taking a view on the superiority of...
Persistent link: https://www.econbiz.de/10005263885
In diesem Arbeitspapier werden die Ergebnisse einer empirischen Untersuchung zur Zusammensetzung und Verg�tung des Aufsichtsrats kleiner und mittelst�ndischer Aktiengesellschaften vorgelegt. Befragt wurden mittels eines im Internet verf�gbaren Fragebogens die Vorst�nde...
Persistent link: https://www.econbiz.de/10005786047
This article investigates the relationship between a firm’s performance and Residual Value Models (RVM) which serve as decision making tools in corporate management. The main measures are the Economic Value Added (EVA®) and Cash Value Added (CVA®), with key components the Residual Income...
Persistent link: https://www.econbiz.de/10008506161
The corporate governance is one of the key elements for improving economic efficiency, particularly in the current context of financial global crises. This paper discusses the relationship between corporate governance and firm performance. We intend to present the classic and new comings of...
Persistent link: https://www.econbiz.de/10010679523
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/10009188461