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Bank ownership, board characteristics and performance : evidence from commercial banks in India
Sarkar, Jayati; Sarkar, Subrata - In: International Journal of Financial Studies : open … 6 (2018) 1, pp. 1-30
We study the effect of board governance in state-owned and private banks by undertaking a study of commercial banks in India that has both bank groups. Covering a ten-year period from 2003 to 2012 that witnessed a large number of governance reforms in India, the results of our empirical analysis...
Persistent link: https://www.econbiz.de/10011852430
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The causes and consequences of managerial change in Ukraine and the complementarity of reforms
Warzynski, Frederic - 2000
This paper analyses the causes of managerial change and the impact of different reforms on firm performance, using survey data from 300 Ukrainian firms. The main findings are: 1) ownership and competition are linked to managerial change: de novo firms but also privatised firms experienced less...
Persistent link: https://www.econbiz.de/10009755918
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Explaining Top Management Turnover in Private Corporations : The Role of Cross-Country Legal Institutions and Capital Market Forces
Lel, Ugur - 2018
We find that the strength of countries' legal institutions can explain the ability of private firms to identify and terminate poorly performing managers. This finding is consistent with our hypothesis that governance problems in private firms are ameliorated by strong institutions that reduce...
Persistent link: https://www.econbiz.de/10012938429
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Trainspotting : Board Appointments in Private Firms
Baltrunaite, Audinga - 2020
We examine how the size of the corporate directors' labor market affects the quality of board appointments in Italian private firms. To establish the causality of the relationship, we exploit exogenous variations in firms' access to non-local potential directors following the gradual...
Persistent link: https://www.econbiz.de/10012827465
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Trainspotting : Board Appointments in Private Firms
Baltrunaite, Audinga - 2020
This paper examines how the size of the corporate directors' labor market affects board appointments in Italian private limited liability firms. As an exogenous shock to a firm's access to potential non-local directors, we exploit the gradual expansion of the high-speed railway network that...
Persistent link: https://www.econbiz.de/10012848361
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Managerial Foreign Experience and Corporate Risk-Taking : Evidence from China
Sun, Zixiong - 2020
This study investigates the relation between managerial foreign experience and corporate risk-taking in China. We find that foreign experienced managers are positively associated with corporate risk-taking and this relationship mainly exists in private firms rather than in state owned...
Persistent link: https://www.econbiz.de/10012846749
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Government Ownership, Top Management Team’s Pay Dispersion and Firm Performance
Jiang, Wei - 2020
We examine how government ownership affects the top management team's (TMT) pay dispersion and how such TMT pay … dispersion affects subsequent firm performance. We test three competing views on the influences of government ownership, referred … political objectives preferred by the government. Consistent with both the equity view and social-political view, the TMT pay …
Persistent link: https://www.econbiz.de/10012851758
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Market competition or family ties : which prevails on Italian CEOs pay?
Graziano, Clara; Rondi, Laura - 2015 - This draft: June 8, 2015
The paper analyzes the interplay of product market competition and governance on CEO compensation in Italian listed firms from 2000 to 2011 and tests the impact of the 2007-08 financial crisis on pay-performance sensitivity. We argue that important differences both in the level of compensation...
Persistent link: https://www.econbiz.de/10011280832
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The Effect of Monitoring on CEO Compensation in a Matching Equilibrium
Chaigneau, Pierre - 2017
We consider a model of CEO selection, dismissal and retention. Firms with larger blockholder ownership monitor more; they get more information about CEO ability, which facilitates the dismissal of low-ability CEOs. These firms are matched with CEOs whose ability is more uncertain. For retention...
Persistent link: https://www.econbiz.de/10012975704
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Myth or reality? : unveiling the effectiveness of hierarchical CEO succession on firm performance and cash holdings
Sarfraz, Muddassar; He, Bin; Shah, Syed Ghulam Meran; … - In: Journal of business economics and management 22 (2021) 4, pp. 1008-1025
The objective of the study is to contemplate the effectiveness of hierarchical CEO succession and hierarchical CEO succession intensity on SOEs & Non-SOEs performance separately. Meanwhile, the impact of hierarchical CEO succession on cash holdings has also been analysed. The authenticated data...
Persistent link: https://www.econbiz.de/10013256439