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This paper examines the association between board characteristics and the ethical reputation of financial institutions. Given the pivotal governance role of the board of directors and the value-relevance of ethical corporate behavior, we postulate a positive relationship between ethical...
Persistent link: https://www.econbiz.de/10012856517
In this article, we investigate the level of diversity of the largest 100 pension funds in the Netherlands. Our results … Netherlands with diversity in (inter)national corporations and find similar levels of diversity. This high level of similarity … board diversity, in the Netherlands and potentially elsewhere …
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Boards of directors face growing pressures to engage with systemic risks and sustainable value creation. In this article I explore how an entity view in company law provides a consideration of the status, architecture and purpose of the modern corporation that theoretically offers the capacity...
Persistent link: https://www.econbiz.de/10012891281
We investigate the governance sensitivity of foreign institutional investors' (FII) ownership in a large emerging market setting of India, characterized by highly concentrated insider ownership. More specifically, we focus on the moderating role of firm size and price to book value (PB) in...
Persistent link: https://www.econbiz.de/10012219254
We argue two alternative routes that lead entrepreneurial start-ups to acquisition outcomes instead of liquidation. On one hand, acquisitions can come about through the control route with external financers such as venture capitalists (VCs). VCs take control through their board seats along with...
Persistent link: https://www.econbiz.de/10011473538
This paper conducts a comprehensive analysis of the relation between the performance and governance structure of open-end, domestic-equity mutual funds during the 1985 to 2002 period. We show that experienced large-fund portfolio managers outperform their size, book-to-market, and momentum...
Persistent link: https://www.econbiz.de/10013064666