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Over the past few years, there has been a significant increase in the number of initiatives seeking to mobilize investor voice towards positive social impact. In this paper, I provide a framework outlining the role of investors as stewards of the commons. While companies are increasingly...
Persistent link: https://www.econbiz.de/10011901764
The paper argues that transparency of large corporate farms operating in transition economies is the factor that affects their competitive position as it helps to preserve access to international equity markets and to reduce uncertainty that arises from imperfect local input markets. We...
Persistent link: https://www.econbiz.de/10011714760
This paper investigates under what circumstances boards of directors fire CEOs and whether this action leads to better firm performance. We use unique and detailed data, covering 473 companies in the transition region, on boards’ actions, expectations and beliefs about CEO ability. We find...
Persistent link: https://www.econbiz.de/10003916269
not fired when performance deteriorates due to factors deemed explicitly to be beyond their control, nor are they fired …
Persistent link: https://www.econbiz.de/10008702077
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/10011495889
The paper investigates how Private Equity (PE) ownership influences out-performance of a high-growth firm, and whether it differs from the effect of two other important types of financial investors: banks and non-bank financial firms. We transform the levered return on equity into a unlevered...
Persistent link: https://www.econbiz.de/10011389270
Diese Studie untersucht die Übereinstimmung von Erklärungsentsprechen und Entsprechenserklärung bezüglich Ziffer 4.2.3 Abs. 4 S. 1 Deutscher Corporate Governance Kodex (DCGK) in den Jahren 2010 bis 2014. Dazu wurden in einer Vollerhebung die Entsprechenserklärungen und Abfindungssummen...
Persistent link: https://www.econbiz.de/10011585168
Mainland firms to improve their corporate governance by adopting numerous market-value increasing reforms in Hong Kong. These … increasing financial transparency (particularly about corporate ownership and control), reducing financial firms' incentives to … of Corporate Governance. We provide 31 recommendations and estimate that these recommendations can increase market values …
Persistent link: https://www.econbiz.de/10011597889
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/10011689296
Analyzing data from approximately 1.5 million employees across 1,108 established public and private US companies, we find that employee beliefs about their firm's purpose is weaker in public companies. This difference is most pronounced within the salaried middle and hourly ranks, rather than...
Persistent link: https://www.econbiz.de/10012109293