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An Empirical Analysis of the Effects of Accounting Expertise in Audit Committees on Non-GAAP Earnings Exclusions

Seetharaman, Ananth - 2013

GAAP and non-GAAP financial information. However, there are gaps in our knowledge of how audit committees perform …, especially with respect to companies' non-GAAP financial information. Unlike companies' GAAP-based financial measures, non-GAAP … numbers are voluntary, not well-defined, and unaudited. Non-GAAP measures thus provide a particularly rich setting to examine …

Persistent link: https://www.econbiz.de/10013094357

Corporate Governance ohne Vertrauen?Ökonomische Konsequenzen derAgency-Theorie

Nippa, Michael; Grigoleit, Jens - Technische Universität <Freiberg> / Fachbereich … - 2006

Die Neue Institutionenökonomik und insbesondere die Agency-Theorie habensich zum heute dominierenden Paradigma der Corporate Governance-Diskussionentwickelt. Aufgrund der restriktiven Modellannahmen, die diesem Ansatzzugrunde liegen, werden jedoch einige Effekte, die in der Realität von...

Persistent link: https://www.econbiz.de/10005864070

Ownership Structure and the Operating Performanceof Hungarian Firms

Campbell, Kevin - Centre for the Study of Economic and Social Change in … - 2002

This paper uses firm-level data on 162 large Hungarian enterprises to analyse the relationship betweenownership structure and corporate performance in 1998 and 1999. Cross-sectional regressions are runfor each of these years using the return on assets (ROA) as the measure of performance. Both...

Persistent link: https://www.econbiz.de/10005868253

Corporate Governance in Germany: An Economic Perspective

Schmidt, Reinhard H. - 2003

A financial system can only perform its function of channelling funds from savers toinvestors if it offers sufficient assurance to the providers of the funds that they will reapthe rewards which have been promised to them. To the extent that this assurance is notprovided by contracts alone,...

Persistent link: https://www.econbiz.de/10005844583

The emerging role of corporate governance on environmental sustainability

Mishra, Mukesh Kumar - 2023

Sustainability is indeed one of the most significant challenges facing the world today, driven by a multitude of interconnected issues, including climate change, social inequality, and environmental degradation. In response to these challenges, various stakeholders, including policymakers,...

Persistent link: https://www.econbiz.de/10014442946

Blockholding and bank performance in Nigeria

Emengini, Emeka Steve; Ujunwa, Augustine; Ujunwa, … - In: West African Journal of Monetary and Economic Integration 21 (2021) 2, pp. 25-40

We examine the nexus between blockholding and bank performance in Nigeria given the narrowing size blockholding and absence of institutional mechanisms for effective activism. We employ the system-Generalised Method of Moments (system-GMM) using annual bank-level data from 2007 to 2019 and find...

Persistent link: https://www.econbiz.de/10014465753

Loss of Control vs. Risk Reduction – Decision Factors for Hiring Non-Family CFOs in Family Firms

Lutz, Eva; Schraml, Stephanie C. - Lehrstuhl für Finanzmanagement und Kapitalmärkte - 2010

Purpose: We examine motives for hiring a non-family Chief FinancialOfficer (CFO) in family firms. We explore the perceptions of family firm ownerstowards external managers by analyzing how their goals relate to the employmentof a non-family CFO.Design/methodology/approach: Our study is based on...

Persistent link: https://www.econbiz.de/10009302689

Strategic trading and trade reporting by corporate insiders

Betzer, André; Gider, Jasmin; Metzger, Daniel; … - 2011

Regulations in the pre-Sarbanes-Oxley era allowed corporate insiders considerable flexibility in strategically timing their trades and SEC filings, for example, by executing several trades and reporting them jointly after the last trade. We document that even these lax reporting requirements...

Persistent link: https://www.econbiz.de/10010308553

Pay me Right: Reference Values and Executive Compensation

Gregorič, Aleksandra; Polanec, Sašo; Slapničar, Sergeja - 2008

This paper studies the impact of external reference values on managerial compensation contracts. We consider the effect of adoption of non-binding pay nfirms on actal remuneration behavior using a unique country example. We find that introduction of pay nfirms changed the reference values for...

Persistent link: https://www.econbiz.de/10010313305

The convergence of financial systems in Europe

Schmidt, Reinhard H.; Hackethal, Andreas; Tyrell, Marcel - 2001

Since the beginning of the 1990s, it has been widely expected that the implementation of the European Single Market would lead to a rapid convergence of Europe’s financial systems. In the present paper we will show that at least in the period prior to the introduction of the common currency...

Persistent link: https://www.econbiz.de/10010316232