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Using a sample of UK firms, we find that institutional block-holding is negatively associated with directors' ownership and is positively associated with board composition, suggesting that institutional block-holders regard directors' ownership and board composition as substitute and...
Persistent link: https://www.econbiz.de/10009218983
This study first examines whether it is appropriate to integrate the 13 observed corporate governance mechanisms into the multiconstruct of information transparency, ownership structure, board structure, and firm value, and further explores whether a company's simultaneous adoption of the...
Persistent link: https://www.econbiz.de/10010816778
This study examines the relationship between board structure and ownership structure for firms listed on the stock exchanges of twelve Sub-Saharan African countries, using data for the period 2006–2009. We find that ownership concentration, foreign ownership and managerial ownership are...
Persistent link: https://www.econbiz.de/10011049621
Given the worldwide economic importance of bank loan financing, we empirically investigate the roles of borrowers’ ownership and board structure in bank loan terms through a comprehensive dataset, which includes the complete history of individual bank loan contracts for firms publicly listed...
Persistent link: https://www.econbiz.de/10011076308
and managers, are insider ownership, blockholder ownership, the proportion of outside directors, board leadership … managers and shareholders. These findings suggest that cross-sectional OLS regressions of bank performance on single governance …
Persistent link: https://www.econbiz.de/10008794749
researchers pay a particular attention to banking governance. Specifically, shareholders-managers’ convergence of interests and … negative effect on performance. The results also reveal that managers lack control while the board of directors seems to exert …
Persistent link: https://www.econbiz.de/10008694021
Persistent link: https://www.econbiz.de/10004998677
This article discusses the impact of duality and board structure in corporate governance on corporate performance. The results showed that, regarding Tobin's Q, outside independent directors have a positive impact while other variables have no impact on corporate performance. Similar results...
Persistent link: https://www.econbiz.de/10011206052
The phenomenon of interlocking directorates is widespread among corporate across the world. This paper studies the structure and extent of interlocking directorates within Indian business groups and analyses the performance effects of such interlocks. It finds that large groups tend to have more...
Persistent link: https://www.econbiz.de/10009363776
This paper analyses the relationship between board structure, in terms of board size and composition, and bank performance in terms of both cost and profit efficiency. Unlike previous studies, the present analysis is carried out within a stochastic frontier framework, while we use a suitable...
Persistent link: https://www.econbiz.de/10009352859