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governance quality. We perform a set of experiments to determine whether lenders are sensitive to the quality of governance as …
Persistent link: https://www.econbiz.de/10009459049
reduction. In this paper, we invoke agency theory to determine compensation plans for sales and operations managers to … runs contrary to results from classic agency theory.In a multiproduct scenario, when one manager manages several products …
Persistent link: https://www.econbiz.de/10009441005
Two complementary sources of information are studied in a multiperiod agency model. One is an accounting source which partially but credibly conveys the agent’s private information through accounting recognition. The other is an unverified communication by the agent (i.e., a self-report). In a...
Persistent link: https://www.econbiz.de/10009441137
Agency theory is one of the principal frameworks utilized in explaining the family business phenomena. The objectives … agency dynamics within family businesses, as moderated by differing forms of governance and management practices … family firms are defined by their ability to deploy concomitant forms of relational governance that reduce information …
Persistent link: https://www.econbiz.de/10009441576
, we distill a series of research questions that will guide the ongoing development of our Theory of Family Business …
Persistent link: https://www.econbiz.de/10009441647
We extend agency theory to propose that structural reform positively impacts firm profitability in developing countries …
Persistent link: https://www.econbiz.de/10009477387
Ever since the beginning of the nineties, interconnection pricing emerged as a high priority regulatory policy question. As more and more state-owned monopolies were privatized, their essential facility (or simply their network) had to be opened to competition. The most viable practice was...
Persistent link: https://www.econbiz.de/10009429009
This study compares firms in the Hees-Edper Group with a number of other independent firms of similar size and in the same industries over a four-year period from 1988 to 1992, just prior to the first release of news that the Hees-Edper group was in financial trouble. During that period,...
Persistent link: https://www.econbiz.de/10009438865
This paper utilizes a new data set from AllianceBernstein that, unlike other corporate governance data, has country …-level and monthly-updated firm-level governance ratings for 22 emerging markets countries for almost a five year period. With … these data we examine the relationship of firm-level and country-level corporate governance on firm valuation, dividend …
Persistent link: https://www.econbiz.de/10009440652
associated with factors related to risk management, strong internal controls and strong corporate governance. To test the … association between the use of internal audit and strong corporate governance.Research limitations/implications – A limitation of … internal audit by Australian companies has important implications for sound corporate governance.Originality/value – This is …
Persistent link: https://www.econbiz.de/10009441627