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performance relationship, established on the basis of the stakeholder and corporate citizenship theories, can be further …
Persistent link: https://www.econbiz.de/10012643001
Corporate governance is concerned with the resolution of collective action problems among dispersed investors and the reconciliation of conflicts of interest between various corporate claimholders. In this survey we review the theoretical and empirical research on the main mechanisms of...
Persistent link: https://www.econbiz.de/10014023875
In this paper I outline a simple and naïve framework that may be used to analyze how a firm engages with a stakeholder …. In this simple framework, I present how a weak and relatively powerless stakeholder and a more powerful firm interact … with each other, given that the firm has violated an ethical standard with regard to that stakeholder. The firm has several …
Persistent link: https://www.econbiz.de/10013049291
conducting innovation, may affect the welfare of a stakeholder. In this simple model, time is partitioned into three periods and … effects) to stakeholder welfare …
Persistent link: https://www.econbiz.de/10014035312
Mergers and Acquisitions (M&A) have become a central instrument of organizational development. Consequently, research on M&A has developed into a complex research area of management science in recent years. However, the different perspectives are so heterogeneous that a holistic view is often...
Persistent link: https://www.econbiz.de/10012826511
Research in corporate governance has predominantly focused on the moral hazard problem and governance mechanisms that mitigate it. In this conceptual paper, we instead focus on adverse selection as an alternative agency problem, emphasizing well-intentioned managers making strategic choices they...
Persistent link: https://www.econbiz.de/10013017312
, but as the result of a firm achieving its purpose. Second, managements and boards need a valuation model that provides a …
Persistent link: https://www.econbiz.de/10012950534
Corporate spinoffs are important events that are accompanied by valuation and credit-risk implications for the parent firm. Among other benefits, spinoffs can improve corporate focus and enhance valuation transparency. In the debt-contracting context, however, spinoffs can also lead to potential...
Persistent link: https://www.econbiz.de/10013492459
Corporate spinoffs are important events that are accompanied by valuation and credit-risk implications for the parent firm. Among other benefits, spinoffs can improve corporate focus and enhance valuation transparency. In the debt-contracting context, however, spinoffs can also be associated...
Persistent link: https://www.econbiz.de/10014348753
Based on arguments about long-term orientation and corporate reputation, we argue that family and founder firms differ from other firms with regard to corporate social responsibility. Using Bayesian analysis, we then show that family and founder ownership are associated with a lower level of...
Persistent link: https://www.econbiz.de/10013069431