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Zusammenfassung Die Bedeutung von Transaktionskosten für die wirtschaftliche Entwicklung war in den letzten Jahrzehnten … Kontroverse um die Frage ins Auge, ob der beobachtete Anstieg des Anteils der Transaktionskosten an der Wertschöpfung in …
Persistent link: https://www.econbiz.de/10014608779
Summary A reliable leading indicator should possess the following properties: (1) The movements in the indicator series should resemble those in the business cycle reference series. (2) The relation between the reference series and the indicator should be statistically significant and stable...
Persistent link: https://www.econbiz.de/10014608883
I have never met Lynn Stout. Of course, just like any person even remotely interested in corporate governance and US corporate law, I know her insightful writings. But I do not know her personally. I know for a fact, however, that Lynn Stout is a nice person. And an excessively nice person she...
Persistent link: https://www.econbiz.de/10014584886
Abstract The purpose of this paper is to test the signal effect of Directors and Officers (D&O) insurance and to analyze the necessity of mandatory disclosure of D&O insurance in Taiwan. D&O insurance is usually viewed as a signal mechanism of insured firms’ corporate governance and thus its...
Persistent link: https://www.econbiz.de/10014585153
Summary The paper discusses the link between financing R&D and tangible investment, firm size, and corporate governance. Mechanisms of corporate governance, such as the presence of large shareholders or stakeholders, may reduce agency and specificity problems and improve access to external...
Persistent link: https://www.econbiz.de/10014608824
Summary Members of management boards as well as supervisory boards often attract public criticism when they are simultaneously active in several other boards. We use a panel data set of the biggest German corporations for the period from 1996-2006 to estimate the impact of multiple board...
Persistent link: https://www.econbiz.de/10014609302
elements of his theory of entrepreneurship that offer important insights for the analysis of the relation between shareholders … entrepreneurial. Secondly, and contrary to modern agency theory and the Rothbardian strand of Austrian economics, it highlights the …, ce sont précisément ces éléments de sa théorie de l’entrepreneur qui éclairent de manière importante l’analyse de la …
Persistent link: https://www.econbiz.de/10014612427
strictest meaning, as to offset those. Spencer’s theory may be seen as a pure freedom of contract answer to agency problems …
Persistent link: https://www.econbiz.de/10014615695
Purpose – The purpose of this paper is to investigate the corporate real estate (CRE) practices of 25 major corporations in Australia. It will study such areas as, what constitutes CRE, the performance measures used in CRE practice, CRE management units, planning horizons in CRE, owned and...
Persistent link: https://www.econbiz.de/10014851874
Purpose – The purpose of this paper is to discuss three corporate real estate (CRE) perspectives (business, financial and capital market) as well as some potential issues, supported by key research studies and evidence drawn from listed retail companies in the USA, and European and Asian...
Persistent link: https://www.econbiz.de/10014851875