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Does corporate governance structure matter for firm value? We develop a model in which the allocation of control rights … between shareholders and managers (“governance structure”) affects managers' incentive to invest (strong governance tightens … managerial freedom and weak governance loosens it), and firms' investment decisions are linked through a market for resources. We …
Persistent link: https://www.econbiz.de/10012850031
State-owned enterprises set a clear example of a mixed governance, in which the public and private realms blend … together to bring about a complex structure we are going to define as dual governance. This paper puts forth a new design of … governance for state-owned banks. Firstly, the whole subject is framed within the transaction costs approach to financial …
Persistent link: https://www.econbiz.de/10014049293
widely examined. However, the interplay between the involved firms in a collusive agreement, i.e., the governance dimension … paper empirically reveals that polycentric structures within the cartel governance may contribute to longer duration and … aspects: The entangled governance structures of collusive undertakings as well as the relevance of polycentricity in the firm …
Persistent link: https://www.econbiz.de/10014481223
This paper aims to analyze the impact of recent industrial changes on the governance structure of power relationships … the ways in which institutional changes have influenced power relationships in both the internal and external governance …
Persistent link: https://www.econbiz.de/10014184835
Persistent link: https://www.econbiz.de/10011345025
The central aim of the article is company governance, i.e., researching governance of a company that does not want to … be only financially successful but also direct its governance toward socially responsible governance. The article begins … with the definition of "theoretical backgrounds," in which social responsibility in regard to company governance …
Persistent link: https://www.econbiz.de/10012040099
and identifies (personal, institutional, dimensional, technological, natural) factors of governance choice. Third, it … presents stages in the analysis of risk management and for the improvement of public intervention in the risk governance …. Fourth, it identifies the contemporary opportunities and challenges for the risk governance in the agri-food chain. Finally …
Persistent link: https://www.econbiz.de/10013100093
governance allowing substantial corruption in the system. Based on a study of states in India, we empirically show that higher …
Persistent link: https://www.econbiz.de/10013087958
The need to identify the distinctive logic of the nonprofit sector, recently pronounced in the literature, gives rise to the need to substantiate links between the logics of different societal sectors. This paper seeks to identify links between the logics of for-profit and nonprofit sectors from...
Persistent link: https://www.econbiz.de/10012778113
Spatial institutions of government vary greatly across countries. First, some countries adopted a strict vertical hierarchy while some others have a system of autonomous governments. Second, in the case of autonomous governments, spatial scale appears to be negatively associated with government...
Persistent link: https://www.econbiz.de/10012954143