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Why so Small? Explaining the Size of Firms in Latin America

Herrera, Ana Maria; Lora, Eduardo A. - 2011

control and the amount of employment they generate. We examine data on firm size from developed and developing countries … with respect to the best Latin American performer were closed in each of these three areas, firm size in the countries of …

Persistent link: https://www.econbiz.de/10014066113

Divide and privatize: Firm break-up and performance

Koécenda, Evézen; Hanousek, Jan - 2011

We analyze the long-term effects of firm break-up and ownership change on corporate performance. Our analysis is based … firm break-up found in the developed-market literature, show that the initial effects of firm break-up are positive but …

Persistent link: https://www.econbiz.de/10010274965

Divide and privatize: Firms break-up and performance

Koécenda, Evézen; Hanousek, Jan - 2010

We analyze the long-term effects of divesture and ownership change on corporate performance. We employ a unique data set for a large number of Czech firms spanning the period 1996-2005. We employ a propensity score matching procedure to deal with endogeneity problems. Our results, which are...

Persistent link: https://www.econbiz.de/10010281888

Divide and privatize : firms break-up and performance

Kočenda, Evžen; Hanousek, Jan - 2010

quickly diminish over time. -- firm divestiture ; corporate performance ; ownership changes ; privatization ; emerging markets …

Persistent link: https://www.econbiz.de/10008738365

Divide and privatize : firm break-up and performance

Kočenda, Evžen; Hanousek, Jan - 2011

Persistent link: https://www.econbiz.de/10009130271

Firms' International Status and Heterogeneity in Performance : Evidence from Italy

Casaburi, Lorenzo; Gattai, Valeria; Minerva, G. Alfredo - 2011

2001-2003) retrieving firm level data for roughly 7,000 units. Three results stand out from our empirical exercise. First …

Persistent link: https://www.econbiz.de/10014220810

Limited managerial attention and corporate aging

Loderer, Claudio; Stulz, René M.; Waelchli, Urs - 2013

As firms have more assets in place, more of management's limited attention is focused on managing assets in place rather than developing new growth options. Consequently, as firms grow older, they have fewer growth options and a lower ability to generate new growth options. This simple theory...

Persistent link: https://www.econbiz.de/10010227727

Are estimates of the impact of shareholder activism published selectively?

Bajzika, Josef; Havráneka, Tomáš; Iršováa, Zuzana; … - 2023

Shareholder activism constitutes an increasingly prominent feature of corporate governance landscape. There is a controversy in prior research over whether and how much value activism creates. We examine whether estimates of the impact of shareholder activism are published selectively in prior...

Persistent link: https://www.econbiz.de/10013484799

Does say on pay matter? : evidence from Germany

Tröger, Tobias; Walz, Uwe - 2019

We analyze a hand-collected dataset of 1682 executive compensation packages at 34 firms included in the main German stock market index (DAX) for the years 2009-2017 in order to investigate the impact of the 2009 say on pay legislation. The findings provide important insights beyond the German...

Persistent link: https://www.econbiz.de/10012061896

Performance Incentives within Firms : The Effect of Managerial Responsibility

Aggarwal, Rajesh K.; Samwick, Andrew A. - 2000

, the extent to which other executives will be provided with high-powered incentives to maximize firm profits depends … divisional responsibilities within the firm have more precise signals of their effort than the overall performance of the firm …. Consequently, the compensation of this group of executives will be less sensitive to firm performance than will the compensation of …

Persistent link: https://www.econbiz.de/10014027832

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