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Managerial Remuneration and Disciplining in the UK : A Tale of Two Governance Regimes

Renneboog, Luc - 2010

We simultaneously analyze two mechanisms of the managerial labor market (CEO turnover and remuneration schemes) in two … to CEO remuneration, we sketch a nuanced picture as we find some evidence supporting the alignment of interests … hypothesis, but also supporting the managerial power or skimming model for managerial remuneration practices in the UK prior to …

Persistent link: https://www.econbiz.de/10013135217

Corporate governance and CEO turnover decisions

Dimopoulos, Theodosios; Wagner, Hannes - 2012 - This version: March 2012

This paper provides a cross-country analysis to determine whether CEO turnover is a credible threat, whether it is effective in delivering performance improvements, and whether better governance improves credibility and effectiveness of CEO turnover. The analysis is based on a detailed panel of...

Persistent link: https://www.econbiz.de/10009558377

Corporate Governance and Information Content of Stock Trades : Evidence from S&P 100 Companies

Fan, Steven - 2013

This paper studies the relationship between firms' corporate governance quality and information content of stock trades. Following Hasbrouck (1991) method, a trade's information content is defined as persistent impact of trade innovation on stock price. Using firm-level governance data, we show...

Persistent link: https://www.econbiz.de/10013090097

Universal Corporate Governance

Homanen, Mikael - 2019

A widely accepted principle in finance is that good corporate governance is associated with higher firm value. However, what is “good governance” and whether the same set of good governance practices can be universally adopted are fiercely debated. In this paper, we construct various...

Persistent link: https://www.econbiz.de/10012896710

Does Corporate Governance Quality Affect Analyst Coverage? Evidence from the Institutional Shareholder Services (ISS)

Chintrakarn, Pandej - 2014

We examine the impact of corporate governance quality on the extent of analyst coverage. The evidence based on nearly 3,000 firms indicates that more analysts are likely to cover firms with weaker corporate governance. In particular, as corporate governance quality falls by one standard...

Persistent link: https://www.econbiz.de/10013051935

Outside Directors and Board Advising and Monitoring Performance

Kim, Kyonghee - 2014

Divergent views exist about whether boards must tradeoff advising for monitoring performance when utilizing outside versus inside directors. We suggest a dichotomous tradeoff focus underestimates outside directors' impact on board performance. We find outside director tenure positively...

Persistent link: https://www.econbiz.de/10013057934

The Structure of the Board of Directors : Boards and Governance Strategies in the US, the UK and Germany

Hopt, Klaus J.; Leyens, Patrick C. - 2021

The chapter continues and advances our earlier research on ‘Board Models in Europe’.** We explore ‘The Structure of the Board of Directors’ with a view to the basic governance structure as provided by a board model vis-à-vis techniques of structuring the decision-making body, which can...

Persistent link: https://www.econbiz.de/10013239424

The Impact of Tightly Contested Governance Proposals on Firms' Narrative Disclosures : Evidence from a Regression-Discontinuity Design (RDD)

Ganguly, Abhishek - 2020

Corporate governance and firm disclosure are endogenously determined. We exploit locally exogenous variations in corporate governance created by "close-call" governance-related shareholder proposals, using a fuzzy RDD and the techniques developed in text analytics to examine whether better...

Persistent link: https://www.econbiz.de/10012831767

Dividend Payouts and Corporate Governance Quality : Evidence from the Institutional Shareholder Services (ISS)

Jiraporn, Pornsit; Kim, Jang-Chul; Kim, Young Sang - 2011

Motivated by agency theory, we investigate how a firm’s overall quality of corporate governance affects its dividend policy. Using a large sample of firms with governance data from The Institutional Shareholder Services (ISS), we find that firms with stronger governance exhibit a higher...

Persistent link: https://www.econbiz.de/10014193690

Mergers and the Evolution of Patterns of Corporate Ownership and Control : The British Experience

Cheffins, Brian R. - 2010

An intense academic debate has arisen recently concerning the crucial bedrock that underpins a corporate governance regime where widely-held public companies dominate. In the discourse, little has been said about the contribution of merger activity. The paper seeks to address this gap by...

Persistent link: https://www.econbiz.de/10014069991

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