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society we analyze the conflict between shareholder and stakeholder interests. In particular, some of those that receive …) in a general share/stakeholder conflict setup. It is found that for sensible specifications of the conflict restructuring …
Persistent link: https://www.econbiz.de/10014222512
We analyze the long-term effects of divesture and ownership change on corporate performance. We employ a unique data set for a large number of Czech firms spanning the period 1996-2005. We employ a propensity score matching procedure to deal with endogeneity problems. Our results, which are...
Persistent link: https://www.econbiz.de/10013135804
We analyze the long-term effects of firm break-up and ownership change on corporate performance. Our analysis is based on a unique data set for a large number of Czech firms spanning the period 1996–2005. We employ a propensity score matching procedure to deal with endogeneity problems. Our...
Persistent link: https://www.econbiz.de/10013124394
Like many professional sports leagues worldwide, the National Basketball Association is organized as a cooperative of team owners. We argue that league ownership structures must balance two types of transaction costs: the costs of contracting with stakeholders of the league, importantly players,...
Persistent link: https://www.econbiz.de/10013223227
This Article seeks to ascertain the impact of the Securities and Exchange Commission's rejection in 2007 of a proxy access rule, a rule that would have required corporations to include shareholder-nominated candidates on the ballot. On the one hand, the SEC's rejection appears to be a stunning...
Persistent link: https://www.econbiz.de/10013099005
Using an agency theory perspective, this paper examines the influence of family control on the board size and board independence of Indonesian listed firms. Further, the study also seeks to investigate whether family control explains the association between board structure and firm value. This...
Persistent link: https://www.econbiz.de/10013100663
' pay and internal corporate governance mechanisms. The evidence confirms our theoretical predictions …
Persistent link: https://www.econbiz.de/10012866080
The ongoing controversy over Melrose’s purchase of engineering company GKN illustrates many common misunderstandings about how free markets can work to the benefit of all. Shareholders, not politicians, should decide how to run their businesses, including whether a new management team could do...
Persistent link: https://www.econbiz.de/10013224806
governance theory on the gains from monitoring effects by shareholders or the losses from expropriations when their ownership … that relates to image of weak corporate governance. Lastly, there are also evidences that foreign investors are likely to …
Persistent link: https://www.econbiz.de/10013061552
Ownership is fundamental to firm strategy, organization, and governance. Standard ownership concepts—mainly derived … neglect ownership's role as an instrument to match judgment about resource use and governance with the firm's evolving … instrument to create value—and decompose it into matching competence (what to own), governance competence (how to own), and …
Persistent link: https://www.econbiz.de/10012828150