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Spain; The Reform of Spanish Savings Banks Technical Notes
International Monetary Fund (IMF); International … - 2012
This technical note assesses the reform of Spanish savings banks (SSBs). It provides a brief overview of the SSB institutional framework before the reform, and describes the main factors that led to the financial distress, albeit uneven, of the SSB sector. The note outlines major regulatory and...
Persistent link: https://www.econbiz.de/10011244106
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Germany's Corporate Governance Reforms; Has the System Become Flexible Enough?
Odenius, Jürgen - International Monetary Fund (IMF) - 2008
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
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Israel; Detailed Assessment of IOSCO Objectives and Principles of Securities Regulation
International Monetary Fund (IMF); International … - 2012
Israel’s compliance with International Organization of Securities Commissions’ objectives and Principles of Securities Regulation has been assessed. The regulatory regime is well developed and in most respects is comparable with that of major jurisdictions. For the most part, it is...
Persistent link: https://www.econbiz.de/10011242660
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Governance and performance of Tunisian banks
Trabelsi, Mohamed Ali - Volkswirtschaftliche Fakultät, … - 2009
researchers pay a particular attention to banking governance. Specifically, shareholders-managers’ convergence of interests and … shareholders and performance, a phenomenon which might be explained in terms of private appropriation of benefits. …
Persistent link: https://www.econbiz.de/10008694021
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Did Families Lose or Gain Control after the East Asian Financial Crisis?
Khanthavit, Anya; Polsiri, Piruna; Wiwattanakantang, Yupana - Center for Economic Institutions, Institute of Economic … - 2003
, we find that the ownership and control appear to be more concentrated in the hands of controlling shareholders subsequent …
Persistent link: https://www.econbiz.de/10005045230
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Do controlling shareholders' expropriation incentives imply a link between corporate governance and firm value? Theory and evidence
Bae, Kee-Hong; Baek, Jae-Seung; Kang, Jun-Koo; Liu, Wei-Lin - In: Journal of Financial Economics 105 (2012) 2, pp. 412-435
We develop and test a model that investigates how controlling shareholders' expropriation incentives affect firm values … shareholders' expropriation incentives imply a link between corporate governance and firm value. …
Persistent link: https://www.econbiz.de/10010617599
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Are OECD-prescribed “good corporate governance practices” really good in an emerging economy?
Chen, Victor; Li, Jing; Shapiro, Daniel - In: Asia Pacific Journal of Management 28 (2011) 1, pp. 115-138
Persistent link: https://www.econbiz.de/10008925881
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United States; Publication of Financial Sector Assessment Program Documentation: Detailed Assessment of Implementation of the IOSCO Objectives and Principles of Securities Regulati...
International Monetary Fund (IMF); International … - 2010
This paper presents Detailed Assessment of the United States’s implementation of the International Organization of Securities Commissions’ Objectives and Principles of Securities Regulation. The general preconditions for effective securities regulation in the United States are...
Persistent link: https://www.econbiz.de/10011243733
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Equity Ownership Structure, Risk Taking, and Performance: An Empirical Investigation in Turkish Listed Companies
Gürsoy, Güner; Aydoğan, Kürșat - In: Emerging Markets Finance and Trade 38 (2002) 6, pp. 6-25
Istanbul Stock Exchange (ISE) and examines the impact of ownership structure on performance and risk-taking behavior of Turkish …—ownership concentration and ownership mix—on both performance and risk-taking behavior of the firms in our sample. Higher concentration leads …, seem to have lower performance with lower risk. Government-owned firms have lower accounting but higher market performance …
Persistent link: https://www.econbiz.de/10010663355
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The choice of alternative corporate governance systems: ownership structures and performance in Italian unlisted firms in 2008
Pellegrini, Carlo Bellavite; Pellegrini, Laura; Sironi, … - In: International Journal of Trade and Global Markets 6 (2013) 3, pp. 242-261
a less concentrated ownership structure and the lowest proportion of individual shareholders have adopted a two …
Persistent link: https://www.econbiz.de/10010817106