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effect. It further varies with politicians power, firm size and governance, and connection strength, and diminishes as a …
Persistent link: https://www.econbiz.de/10014427625
voting power indices, is proposed, and the different measures are compared using a sample of large listed German firms. The …
Persistent link: https://www.econbiz.de/10011450369
-economic model of an autocracy in which a ruling elite uses its political power to expropriate the general population. Although … may counteract this effect by increasing the level of expropriation. Since de facto political power is linked to economic … resources, financial integration also has long-run consequences for the distribution of power and for the rise of an …
Persistent link: https://www.econbiz.de/10003954259
-economic model of an autocracy in which a ruling elite uses its political power to expropriate the general population. Although … may counteract this effect by increasing the level of expropriation. Since de facto political power is linked to economic … resources, financial integration also has long-run consequences for the distribution of power and for the rise of an …
Persistent link: https://www.econbiz.de/10011373497
politicians around the world. We provide new insights to this ongoing debate by employing power indices from game theory to … examine the "real" power of employees on boards and its effect on firm performance. Based on unique panel data of the largest … listed companies in Germany, we find an inversely U-shaped relationship between labour power and Tobin's Q with a value …
Persistent link: https://www.econbiz.de/10009306574
relationship between pay and firm performance since the 1930s. Our review suggests that both managerial power and competitive …
Persistent link: https://www.econbiz.de/10008797772
importance and considerable power within the organization. By adopting a contingency perspective and drawing on the coalitional …-type strategies but not by its degree of internationalization. -- Power/resource dependency theory ; top management team ; finance … function ; chief financial officer ; organizational politics and power ; diversification ; generic business level strategies …
Persistent link: https://www.econbiz.de/10009502934
Horizontal shareholding exists when significant shareholders have stock in horizontal competitors. (It is often imprecisely called "common shareholding," but that term can also apply when shareholders own stock in two noncompeting corporations. It differs from "cross-shareholding," which...
Persistent link: https://www.econbiz.de/10011685455
Empirical evidence that horizontal shareholding has created anticompetitive effects in airline and banking markets have produced calls for antitrust enforcement. In response, others have critiqued the airline and banking studies and argued that antitrust law cannot tackle any anticompetitive...
Persistent link: https://www.econbiz.de/10011972909
This Article shows that new economic proofs and empirical evidence provide powerful confirmation that, even when horizontal shareholders individually have minority stakes, horizontal shareholding in concentrated markets often has anticompetitive effects. The new economic proofs show that,...
Persistent link: https://www.econbiz.de/10011810808