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Using a comprehensive set of listed Swiss companies, our findings suggestthat the size of the board of directors is an independent control mechanism.However, in contrast to previous studies, we do not find a significant rela-tionship between board size and firm performance. This suggests that...
Persistent link: https://www.econbiz.de/10005858712
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/10010266426
In diesem Beitrag werden theoretische Erklärungen gesucht für die dauerhaft hohe Abweichungsquote der Entsprechenserklärungen hinsichtlich Vorstandsabfindungen von über 20 % von Empfehlung Ziffer 4.2.3 Abs. 4 Deutscher Corporate Governance Kodex und für die Unabhängigkeit der...
Persistent link: https://www.econbiz.de/10011695136
Diese Studie untersucht die Akzeptanz der Empfehlung 4.2.3 Abs. 4 S. 1 Deutscher Corporate Governance Kodex zwischen 2010 und 2014 bei allen CDAX-Unternehmen. Dazu wurden die Entsprechenserklärungen ausgewertet, Entsprechens- und Abweichungsquoten bestimmt, Abweichungsgründe ermittelt und...
Persistent link: https://www.econbiz.de/10011506285
I analyze directorships held by CEOs who retired during 1989-1993 and during 1998-2002. My results suggest that retired CEOs became more popular on boards. Also, although pre-retirement accounting performance helps explain the number of outside directorships a retired CEO held in the 1989-1993...
Persistent link: https://www.econbiz.de/10014050401
This paper reexamines the adaptation of board structure in U.S. electric utilities following deregulation. Post-deregulation changes in board size and the number of outside directors are positively and statistically-significantly associated with changes in the complexity of a firm’s...
Persistent link: https://www.econbiz.de/10014193644
This study discusses differences in the effectiveness of voluntary and mandatory policies promoting women on boards and their potential effects on stock price returns. Furthermore, it classifies the announcements of the policy proposals discussed in Germany and analyzes their impact using event...
Persistent link: https://www.econbiz.de/10014120204
According to the conventional wisdom, a revolving door operates between government and industry. High ranking government officials leave office and head for Washington law firms or major corporations where they use their connections and influence to further their new employers' political...
Persistent link: https://www.econbiz.de/10014123037
Over the past two decades, hedge fund activism has emerged as a new mechanism of corporate governance that brings about operational, financial and governance reforms to a corporation. Many prominent business executives and legal scholars are convinced that the entire American economy will suffer...
Persistent link: https://www.econbiz.de/10012999130
Can female directors help save economies and the firms on whose boards they sit? Policy makers seem to think so. Numerous countries have implemented boardroom gender policies because of business case arguments. While women may be the key to healthy economies, I argue that more research needs to...
Persistent link: https://www.econbiz.de/10013002849