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Influencia de la forma institucional y de los diferentes tipos de trabajo en el problema del control en las empresas de trabajo asociado
Zambrano, Waldo E. Orellana; Armengot, Carlos Rueda - In: CIRIEC-España, revista de economía pública, social y … (2004) 48, pp. 123-144
From a compared institutional analysis, the institutional characteristics and problems of agency are defined in different types of firms. There follows an examination of the interdependence and circularity of the problem of agency in labour managed firms, and the problems of control which occur...
Persistent link: https://www.econbiz.de/10005087343
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How much of the diversification discount can be explained by poor corporate governance?
Hoechle, Daniel; Schmid, Markus; Walter, Ingo; Yermack, … - In: Journal of Financial Economics 103 (2012) 1, pp. 41-60
We investigate whether the diversification discount occurs partly as an artifact of poor corporate governance. In panel data models, we find that the discount narrows by 16% to 21% when we add governance variables as regression controls. We also estimate Heckman selection models that account for...
Persistent link: https://www.econbiz.de/10010702370
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Hierarchies and the Survival of Prisoners of War During World War II
Holderness, Clifford G.; Pontiff, Jeffrey - In: Management Science 58 (2012) 10, pp. 1873-1886
generally declines as the hierarchy of a prisoner's group becomes steeper or more closely matches the military's established … hierarchy. There is no evidence that survival is enhanced by being held in more hierarchical groups. One interpretation of these … findings that is consistent with survivors' accounts is that the military's hierarchy was too inflexible to adapt from the …
Persistent link: https://www.econbiz.de/10010990625
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The Flattening Firm and Product Market Competition: The Effect of Trade Liberalization
Guadalupe, Maria; Wulf, Julie M. - Harvard Business School, Harvard University - 2008
This paper establishes a causal effect of competition from trade liberalization on various characteristics of organizational design. We exploit a unique panel dataset on firm hierarchies (1986-1999) of large U.S. firms and find that increasing competition leads firms to become flatter, i.e., (i)...
Persistent link: https://www.econbiz.de/10005237016
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Process Format as a Factor in Increasing Buyer Satisfaction
Verle, Karmen - In: Management 3 (2008) 3, pp. 235-253
Today modern companies are directed by buyers. Successful organizations are aware that the key issue is to satisfy buyers’ needs and to maintain good relationship with them. Such companies perceive problems and opportunities fast and act accordingly. In future only such companies that will be...
Persistent link: https://www.econbiz.de/10005538951
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The Flattening Firm and Product Market Competition
Guadalupe, Maria; Wulf, Julie - C.E.P.R. Discussion Papers - 2009
This paper establishes a causal effect of product market competition on various characteristics of organizational design. Using a unique panel dataset on firm hierarchies of large U.S. firms (1986-1999) and a quasi-natural experiment (trade liberalization), we find that increasing competition...
Persistent link: https://www.econbiz.de/10005792092
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Corporate Financial Distress and Bankruptcy: A Survey
Senbet, Lemma W.; Wang, Tracy Yue - In: Foundations and Trends(R) in Finance 5 (2012) 4, pp. 243-335
This survey provides a synthetic and evaluative survey of issues in corporate financial distress and bankruptcy. This area has moved into a public domain as a result of the recent global financial crisis that witnessed failures of many venerable institutions that got rescued by the government....
Persistent link: https://www.econbiz.de/10010883376
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The Position of Companies in the Czech Republic and Great Britain in the Years 2012-2013 to Corporate Governance
Jurka, Robert - In: Český finanční a účetní časopis 2014 (2014) 3, pp. 165-176
This paper deals with the development of corporate governance in companies in the Czech Republic and Great Britain in 2012-2013. Aim of this paper is not only to become familiar with the basic regulations of the issue, but also draw attention to the state of corporate governance in the area of...
Persistent link: https://www.econbiz.de/10011194607
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News in Management Control Systems
Král, Bohumil; Wagner, Jaroslav; Stránský, Jakub - In: Český finanční a účetní časopis 2006 (2006) 3, pp. 33-42
The authors describe emerging hot topics in management accounting systems (MCS) as discussed during the international conference held at University of Economics, Prague, in September 2006. This paper underpins all relevant aspects of MCS ranging from corporate governance, through planning and...
Persistent link: https://www.econbiz.de/10011194887
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Unstash the Cash! Corporate Governance Reform in Japan
Aoyagi, Chie; Ganelli, Giovanni - International Monetary Fund (IMF) - 2014
Japan’s high corporate savings might be holding back growth. We focus on the causes and consequences of the current corporate behavior and suggest options for reform. In particular, Japan’s weak corporate governance—as measured by available indexes—might be...
Persistent link: https://www.econbiz.de/10011142069