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An article about the dialectical laws of the genesis of social organization and social systems. The author suggests using a new classification of social relations for the methodological study of the evolution of social systems. The work is based on the methodology of general systems theory and...
Persistent link: https://www.econbiz.de/10011108402
We investigate how corporate governance influences R&D across 13 emerging markets. We find that superior corporate governance increases corporate R&D spending. These results suggest that corporate governance may influence management's discretion to avoid risky innovative projects. We also find...
Persistent link: https://www.econbiz.de/10011278995
This paper analyzes the effect of a new corporate governance law in the emerging capital market of Chile to determine if capital markets perceived the intended protection of minority stockholders against wealth expropriation as effective. The unique nature of the new law allowed for voluntary...
Persistent link: https://www.econbiz.de/10008592680
This paper aims to add to the literature on the connection between corporate governance and company valuation. Conventional wisdom predicts a positive effect of good governance on stock price, and empirical papers claim to have proven this effect for a number of large emerging markets including...
Persistent link: https://www.econbiz.de/10010733699
This study adopts multinomial logit models to separately measure the extent to which financial ratios and corporate governance signal the likelihood of "slight distress events" and "reorganization and bankruptcy." The results show that corporate governance variables are closely related to the...
Persistent link: https://www.econbiz.de/10010680841
Corporate governance has emerged as a leading investment criterion for institutional investors with the rise of cross-border portfolio flows, especially for markets with weak investor protection. This study provides firm-level evidence on the relationship between the level of foreign...
Persistent link: https://www.econbiz.de/10011144560
This book analyzes the status of the markets in Latin America and identifies the technical, political, and financial challenges to building vibrant capital markets and increasing the efficiency benefits of regional economic and financial integration.
Persistent link: https://www.econbiz.de/10010943396
This paper presents a simple framework in order to analyze different corporate governance mechanisms and their impact on firm structures and performance. Based on recent literature on the subject, the paper discusses the validity of Demsetz’s evolution hy
Persistent link: https://www.econbiz.de/10005212217
In Romania corporate governance has emerged beginning with the early 2000s. The delay is explainable by the difficult steps taken on the line of political, legal, economic and social reform. In recent years, however, the corporate governance environment in Romania has changed. Transparency and...
Persistent link: https://www.econbiz.de/10009317910
Responsible behaviour becomes a must in the everyday business owing to the huge pressures from different stakeholders. Products and their quality are no longer considered main competitors but companies, their brands and reputation are. The purpose of the paper is to offer an explanation how...
Persistent link: https://www.econbiz.de/10009352845