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A State-Stewardship View on Executive Compensation
Liang, Hao - 2013
We take a state-stewardship view on the corporate governance model and executive compensation policies in economies with strong political involvement. In such a highly politically-oriented institutional environment, the business elites are not just professional managers but are also de facto...
Persistent link: https://www.econbiz.de/10013078675
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Elite CEOs : Political Connections and Pay in China
Alonso, Marta; Gupta, Aditi; Simon, Beatriz - 2023
We examine the effect of elite connections on CEO pay and turnover decisions, using a large sample of Chinese listed firms. Our findings show that CEOs of private listed firms benefit from significantly higher salaries (a 25% increase), consistent with the resource dependence theory, whereas the...
Persistent link: https://www.econbiz.de/10014257175
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Corporate governance
Lehmann, Erik - 2018 - Version , November 19th 2018
Corporate governance is a recent concept that encompasses the costs caused by managerial misbehavior. Corporate governance is concerned with how organizations in general, and corporations in particular, produce value and how that value is distributed among the members of the corporation, its...
Persistent link: https://www.econbiz.de/10011928257
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Managerial Contracting and Corporate Social Responsibility
Baron, David P. - 2009
This paper presents a positive theory of corporate social responsibility set in a managerial capitalism context in which managers instead of markets allocate resources, including social expenditures. The theory focuses jointly on the operational management of the firm and on its social...
Persistent link: https://www.econbiz.de/10014026695
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CEO and board characteristics as determinants of private benefits of control: Evidence from the Russian stock exchange
Berezinets, Irina; Ilina, Yulia; Muravyev, Alexander - 2011
for dual class stock firms using the voting premium approach. Our empirical analysis is based on data from Russia and …
Persistent link: https://www.econbiz.de/10010282260
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CEO and board characteristics as determinants of private benefits of control : evidence from the Russian stock exchange
Berezinec, Irina V.; Ilina, Julja; Muravyev, Alexander - 2011
for dual class stock firms using the voting premium approach. Our empirical analysis is based on data from Russia and … benefits of control ; dual-class stock firms ; Russia …
Persistent link: https://www.econbiz.de/10009524994
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Owners, Boards, Managers and the Private Benefits of Control : A Study of Dual Class Stock Firms in an Emerging Market
Muravyev, Alexander - 2011
for dual class stock firms using the voting premium approach. Our empirical analysis is based on data from Russia and …
Persistent link: https://www.econbiz.de/10013121352
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CEO and Board Characteristics as Determinants of Private Benefits of Control : Evidence from the Russian Stock Exchange
Berezinets, Irina - 2012
for dual class stock firms using the voting premium approach. Our empirical analysis is based on data from Russia and …
Persistent link: https://www.econbiz.de/10013112769
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Female Representation on Boards and CEO Performance‐induced Turnover : Evidence from Russia
Kim, Oksana - 2020
This study examines the influence of female board representation on CEO turnover and firm value. We focus on Russia, a …. We study Russia, where gender differences are prominent, and female representation occurs by happenstance rather than … regulatorily intentionally. Our study contributes to the burgeoning research on corporate governance in Russia. Although the …
Persistent link: https://www.econbiz.de/10012851593
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Do Cognitive Biases Impact M&A Performance in Emerging Markets? Evidence from Russian Firms
Skvortsova, Irina; Vershinina, Anna - 2021
In this paper we investigate cognitive biases as a potential reason for the varied results of M&A in emerging capital markets. We focus on two cognitive biases, CEO overconfidence and availability bias, which significantly influence CEO behavior, encouraging them to be irrational in M&A deals....
Persistent link: https://www.econbiz.de/10013225911