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The positive impact of a well organised reputation management has been sufficiently discussed in literature. It strikes that the majority of the studies is limited to the positive impact on major enterprises. It was found, that in particular, medium-sized companies with flat hierarchy structures...
Persistent link: https://www.econbiz.de/10009353075
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
Corporate governance is a key element of todayâ€(tm)s economic reality being more and more present in many countries around the world. This paper has two main objectives. The first one is to offer more insight into the concept of corporate governance by a thorough literature review and by...
Persistent link: https://www.econbiz.de/10009650883
<p>In the shareholder theory of firms, the company's assets are the property of the shareholders, and managers are … viewed as agents of the shareholders with all of the enforcement difficulties associated with agency relationships, but … all stakeholders. From the perspective of social responsibility, enlightened organizations view the internal and external …
Persistent link: https://www.econbiz.de/10010534405
: K22
Persistent link: https://www.econbiz.de/10008631654
In the shareholder theory of firms, the company's assets are the property of the shareholders, and managers are viewed … as agents of the shareholders with all of the enforcement difficulties associated with agency relationships, but without … stakeholders. From the perspective of social responsibility, enlightened organizations view the internal and external environment …
Persistent link: https://www.econbiz.de/10010641248
Purpose – This study seeks to examine CSR theorists' criteria from the corporate executive's perspective. It aims to find out how corporate executives perceive CSR and how they would like to be perceived as CSR implementers. Design/methodology/approach – The study uses Delphi research and...
Persistent link: https://www.econbiz.de/10008641406
analyzed independently. Yet, theory clearly indicates that the combination of relative powers of different stakeholders affects … shareholders' rights, which itself is not significant. The findings suggest that financial liberalization operates mostly through … stakeholders' protection affects performance through efficiency channels and provide support for a stakeholders' view of corporate …
Persistent link: https://www.econbiz.de/10005825652
This paper constructs a composite index of corporate governance quality, documents its evolution from 1994 through 2003 in selected emerging and developed economies, and assesses its impact on aggregate and corporate growth and productivity. Our investigation yields three main findings. First,...
Persistent link: https://www.econbiz.de/10005769260
The concept of corporate governance has emerged in the last century, but its significance and objectives are part of the recent phenomenon in most countries. The concept continues to be constantly adapting to the requirements of a modern economy under significant impact of globalization as a...
Persistent link: https://www.econbiz.de/10011150695