We investigate whether ownership concentration influences bank profitability in a developing country context. We focus on bank ownership concentration measured as the amount of direct equity held by a majority shareholder categorised into: high ownership concentration, moderate ownership...

This paper studies the impact of federal state shareholdings on the performance of Russian companies.It differs from most similar studies in two respects.Firstly, it focuses on mixed ownership companies rather than conventional state enterprises.Secondly, it distinguishes between several types...

The new NYSE rules for corporate governance require the audit committee to discuss and review the firm's risk assessment and hedging strategies. They also put additional requirements for the composition and the financial knowledge of the directors sitting on the board and on the audit committee....

Equity ownership by public pension funds (PPFs) is widely used in the literature (see, e.g., Cremers and Nair <CitationRef CitationID="CR6">2005</CitationRef>; Dittmar and Mahrt-Smith <CitationRef CitationID="CR10">2007</CitationRef>) as a measure of the strength of shareholder monitoring/governance. This paper raises caution on such practices by illustrating an inverted-U shape...</citationref></citationref>

We examine the impact of board size on firm performance for a large sample of 2746 UK listed firms over 1981-2002. The UK provides an interesting institutional setting, because UK boards play a weak monitoring role and therefore any negative effect of large board size is likely to reflect the...

To gain insights about the quality of board's firing decisions, we investigate abnormal stock returns and operating performance around CEO-turnover announcements in a new hand-collected sample of 208 "clean" turnover events between January 1998 and June 2009. Unlike the majority of previous...