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between Tobin's Q and managerial ownership. To assess the effectiveness of standard econometric approaches to the endogeneity …
Persistent link: https://www.econbiz.de/10010702362
different types of endogeneity problems and corporate performance proxies. Overall, our results provide support for agency … theory, which suggests that director shareownership can reduce agency problems by aligning more closely the interests of …
Persistent link: https://www.econbiz.de/10010670383
This paper focuses on an important issue, which has generally received less attention in corporate governance literature, being the effect of managerial ownership on the relationship between debt and firm performance. By employing a sample of Egyptian listed firms, the generalized least squares...
Persistent link: https://www.econbiz.de/10010959330
This study examines the effect of ownership structure on corporate performance of Thai non-financial firms between 1993 and 1996. The ownership structure is considered as: 1. concentrated ownership, 2. different types of concentrated ownership and 3. managerial ownership. It adopted Market...
Persistent link: https://www.econbiz.de/10005753701
This study examines the effect of ownership structure on corporate performance of Thai non-financial firms between 1993 and 1996. The ownership structure is considered as: 1. concentrated ownership, 2. different types of concentrated ownership and 3. managerial ownership. It adopted Market...
Persistent link: https://www.econbiz.de/10008539363
This paper analyzes the determinants of the German corporate governance ratingrecently developed by Drobetz, Schillhofer, and Zimmermann (2004). We find anon- linear relationship between ownership concentration and the quality of firmlevelcorporate governance as measured by the rating. Firms...
Persistent link: https://www.econbiz.de/10009024983
managers and thus possibly making China’s listed firms less effective in solving the agency problem. As such, ownership …
Persistent link: https://www.econbiz.de/10005566733
All that we know about the CEO labour market in China comes from studies of public listed companies and state-owned enterprises (SOEs). This paper is the first to examine the operation of the CEO labour market across all sectors of the Chinese economy. We do so using World Bank enterprise data...
Persistent link: https://www.econbiz.de/10010745536
All that we know about the CEO labour market in China comes from studies of public listed companies and state-owned enterprises (SOEs). This paper is the first to examine the operation of the CEO labour market across all sectors of the Chinese economy. We do so using World Bank enterprise data...
Persistent link: https://www.econbiz.de/10010700445
Persistent link: https://www.econbiz.de/10005748619