Showing 1 - 10 of 7,939
corporate efficiency and performance, especially by holding poorly performing boards of directors and top management teams to …, while encouraging shareholder efforts to hold directors and managers accountable …
Persistent link: https://www.econbiz.de/10012905275
shareholders far removed from the firm's day-to-day operations; and delegated management, which opens up the possibility for … trade-offs resulting from the interaction of investor ownership with delegated management. It describes the use of …
Persistent link: https://www.econbiz.de/10011674062
Dozens of judicial opinions have held that shareholders own corporations, that directors are agents of shareholders, and even that directors are trustees of shareholders' property. Yet, until now, it has never been proven. These doctrines rest on unsubstantiated assumptions. In this book the...
Persistent link: https://www.econbiz.de/10012840334
This paper investigates how family ownership, control and management affect firm investment performance. We use the … identity of the CEO and the COB to establish under what management the firm is: founder, descendent or external management. The … analysis shows that founder management has no effect on investment performance in family firms, whereas descendant management …
Persistent link: https://www.econbiz.de/10011562809
Persistent link: https://www.econbiz.de/10009766157
Persistent link: https://www.econbiz.de/10011380771
This paper investigates how institutional environment like property rights protection influences the size and composition of corporate boards, and further, how board structure impacts firm performance in China. Using a World Bank survey of 2,400 public and private firms across 18 Chinese cities,...
Persistent link: https://www.econbiz.de/10013067343
This paper reports on an empirical analysis of 42,094 public/private companies in China and 21 Eastern European countries to grasp the actual state and determinants of board gender diversity in emerging market firms. We confirmed that firms in these countries are comparable to those in advanced...
Persistent link: https://www.econbiz.de/10015060694
In this paper, we examine the effects of ownership concentration and board characteristics on the performance of listed firms domiciled in Jordan, one of the main emerging markets in the Middle East. Employing 2SLS regressions on a sample of 103 firms listed on the Amman Stock Exchange for...
Persistent link: https://www.econbiz.de/10014208594
We provide the first comprehensive and robust evidence on the relationship between board independence and firm performance in China. We find that independent directors have an overall positive effect on firm operating performance in China. Our findings are robust to a battery of tests, including...
Persistent link: https://www.econbiz.de/10013040554