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Effects of Firm Complexity on the Adaption of Board Structure : Evidence from U.S. Electric Utilities Following Deregulation

Hoi, Chun-Keung; Wollan, Patricia L. - 2010

This paper reexamines the adaptation of board structure in U.S. electric utilities following deregulation. Post-deregulation … changes in the complexity of a firm’s operations. Electric utilities that do not become more complex after deregulation reduce … that become more complex; these utilities employ more outsiders but fewer inside directors after deregulation. We conclude …

Persistent link: https://www.econbiz.de/10014193644

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

Corporate philanthropic practices

Brown, William O. (contributor); Helland, Eric (contributor) - 2006

We study corporate philanthropy using an original database that includes firm-level data on dollar giving, giving priorities, governance, and managerial involvement in giving programs. Results provide some support for the theory that giving enhances shareholder value, as firms in the same...

Persistent link: https://www.econbiz.de/10003287142

Worker Representation on U.S. Corporate Boards

Palladino, Lenore - 2019

This article argues that workers should have representation on corporate boards of directors and explores the policy choices available in the U.S. context achieve the goal of worker representation. Effectively implementing such a reform requires consideration of key issues, including: how many...

Persistent link: https://www.econbiz.de/10012860407

Are Independent Directors Effective Corporate Monitors? – An Analysis of the Empirical Evidence in the USA and Canada

Lai, Brian - 2016

This thesis explores whether independent directors in the USA and Canada are effective in holding management accountable by: (1) analyzing how the policy of relying on independent directors developed and operates; (2) introducing the main theoretical critiques of independent directors'...

Persistent link: https://www.econbiz.de/10012991902

Accountability of independent directors : evidence from firms subject to securities litigation

Brochet, François; Srinivasan, Suraj - 2013

We examine which independent directors are held accountable when investors sue firms for financial and disclosure related fraud. Investors can name independent directors as defendants in lawsuits, and they can vote against their re-election to express displeasure over the directors'...

Persistent link: https://www.econbiz.de/10009772336

Quantifying foreign institutional block ownership at publicly traded U.S. corporations

Coates, John C.; Fein, Ronald A.; Crenny, Kevin; Dong, … - 2016

This short technical report provides an empirical analysis of the level of institutional block ownership overall, and of foreign block ownership, at a broad set of publicly traded corporations. Disclosed institutional blockholders of every company in the Standard & Poor's 500 index are analyzed,...

Persistent link: https://www.econbiz.de/10011581995

U.S. Hedge Fund Activism

Partnoy, Frank - 2015

Notwithstanding the focus on hedge fund activism, fundamental questions remain. How much does hedge fund activism really matter? What has academic study contributed to the understanding of hedge fund activism? And what, if anything, does research on hedge fund activism illuminate about the...

Persistent link: https://www.econbiz.de/10013025518

Ownership, Governance and US Securities Regulation : The Case for a 'Learning Regulator'

Pichhadze, Aviv - 2014

I examine whether the Securities and Exchange Commission (SEC) in the US is a learning organization (i.e., one that is capable of learning and adaptation to the dynamic nature of the securities markets – the subject of the SEC's regulatory oversight). Using the treatment of public corporate...

Persistent link: https://www.econbiz.de/10013068598

Corporate Governance, Risk, and Inequality in Japan and the United States

Jacoby, Sanford M. - 2005

These days, Americans seem to take their corporate governance model for granted. Shareholder interests are what matter. But this essay traces the history of corporate governance to show that such models change over time. And they are different in other nations, such as Japan. I argue that...

Persistent link: https://www.econbiz.de/10014067311