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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
reforms in India, the results of our empirical analysis provide evidence of strong ownership effects with board independence …
Persistent link: https://www.econbiz.de/10011852430
Persistent link: https://www.econbiz.de/10012025445
Board composition is central to the worldwide corporate governance reforms that have taken place in recent years. The strong emphasis on director independence and board leadership is now part of all corporate governance regimes, including the regimes which has been introduced in Malaysia. It is...
Persistent link: https://www.econbiz.de/10012176407
commitment, transparency, and disclosure, caring for partners, and control and audit) regarding ownership is defined. An analysis … was undertaken for the countries of Central and Eastern Europe. A higher level of foreign ownership had a positive … correlation with the corporate governance index. On the other hand, the correlation between state ownership and corporate …
Persistent link: https://www.econbiz.de/10012428295
ownership structure was made, dual-class firms have slightly bigger and less independent board. Two measures of control … CEO percentage cash compensation arising from the agency problems associated with disproportional ownership structure …
Persistent link: https://www.econbiz.de/10013133039
firms' boards in mitigating or exacerbating agency problems, using the setting of an emerging market with a high level of … ownership concentration and family control. Indonesia is among economies that adopt a two-tier board system, where corporations …, family-controlled firms are likely to mitigate agency issues by employing smaller boards. Further, board independence is …
Persistent link: https://www.econbiz.de/10013100663
ownership among Indonesian IPO firms. To capture the most recent development, the sample comprises 101 firms conducting initial … size, board independence, ownership concentration, and institutional ownership. Providing some support for the signaling … ownership, indicating that the two governance mechanisms play important roles in mitigating information asymmetry between the …
Persistent link: https://www.econbiz.de/10013108052
performance. We find new evidence that the degree of bank boards' political connection is negatively correlated with bank …
Persistent link: https://www.econbiz.de/10013083271
voluntary disclosure. Governance mechanisms addressed in our analysis include board independence and institutional ownership. We … find that the relationship between institutional ownership and disclosure is stronger in family firms. However, independent …
Persistent link: https://www.econbiz.de/10013088120