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applications if competition in the market is low. This may indicate that restrictive monitoring and lower advising competences of … outside directors mitigate executives' incentives to innovate. In industries with effective competition, the negative … influence of outsiders is offset by the pressure to focus on innovation strategies. …
Persistent link: https://www.econbiz.de/10011168714
applications if competition in the market is low. This may indicate that restrictive monitoring and lower advising competences of … outside directors mitigate executives' incentives to innovate. In industries with effective competition, the negative … influence of outsiders is offset by the pressure to focus on innovation strategies. …
Persistent link: https://www.econbiz.de/10010475224
applications if competition in the market is low. This may indicate that restrictive monitoring and lower advising competences of … outside directors mitigate executives' incentives to innovate. In industries with effective competition, the negative … influence of outsiders is offset by the pressure to focus on innovation strategies. …
Persistent link: https://www.econbiz.de/10010478011
In a mutual control structure agents exercise control over each other. Typical examples occur in the area of corporate governance firms and investment companies exercise mutual control, in particular by owning each others stocks. In this paper we formulate a general model for such situations....
Persistent link: https://www.econbiz.de/10010856553
We allow the preference of a political majority to determine boththe corporate governance structure and the division of profits betweenhuman and financial capital. In a democratic society where financialwealth is concentrated, a political majority may prefer to restraingovernance by dispersed...
Persistent link: https://www.econbiz.de/10010325240
FROM ITALIAN BANKING LAW TO THE COMPLIANCE FUNCTION IN BANKS. So far, investors’ confidence in financial markets has been protected by non-compulsory rules, which are more and more complex. Nevertheless, these provisions have not safeguarded banks and the whole financial system from legal and...
Persistent link: https://www.econbiz.de/10005007219
Arguments for, and then the form and level of, compensation of households and businesses for the additional costs of an emissions trading scheme to lower greenhouse gas (GHG) emissions are evaluated. With most of the costs passed forward to households as higher consumer prices, a sequential set...
Persistent link: https://www.econbiz.de/10008460514
We examine the valuation of synergies and control in mergers and acquisitions (M&A) in Central and Eastern European … from the Thomson Reuters database. Worldwide the market of mergers and acquisitions (M&A) is increasing, reaching in 2016 a …
Persistent link: https://www.econbiz.de/10011937428
predicts the frequency of mergers and acquisitions to be negatively correlated with employment protection. These predictions …
Persistent link: https://www.econbiz.de/10005666907
We allow the preference of a political majority to determine boththe corporate governance structure and the division of profits betweenhuman and financial capital. In a democratic society where financialwealth is concentrated, a political majority may prefer to restraingovernance by dispersed...
Persistent link: https://www.econbiz.de/10011337975