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We present evidence on the way personal and institutional factors could together guide public company directors in decision-making concerning shareholders and stakeholders. In a sample comprising more than nine hundred directors originating from over fifty countries and serving in firms from...
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In the context of technological and social changes, business faces the challenges of a more complex operating environment. New business models are required that take into account an unprecedentedly wide range of emerging factors. Among such approaches, an integral model stands out, which allows...
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responsibility. Based on the Agency and Stakeholder theories, the power of each component in the CEO compensation structure is … weak corporate governance, and thus supported the overinvestment hypothesis suggested by agency theory. These findings are …
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