According to Canadian taxfiler data, over the last thirty years there has been a surge in the income shares of the top 1%, top 0.1% and top 0.01% of income recipients, even with longitudinal smoothing by individual using three- or five-year moving averages. Top shares fell in 2008 and 2009, but...

The paper presents the results of a large study of the current state of the corporate governance in Bulgaria, made in the light of the established principles and standards of corporate governance in the country and good practices in other economies. For this purpose two empirical studies are...

We systematically analyze how variations in board independence and ownership concentration and type affect corporate social performance (CSP). Drawing from the agency and stakeholder perspectives, we argue that recognizing differences in the distribution of costs and benefits to shareholders and...

The ?comply or explain? mechanism, first employed in the UK, combines voluntary compliance with corporate governance codes and a legal obligation (either by law, regulation or listing rule) to declare compliance with, or, as the case may be, to explain deviations from a code. With the adoption...

?The goal of this paper is to provide both a theoretical and an empirical contribution to the debate concerning the relationship between the financialization process of the economy and the organizational changes implemented by large multinational enterprises. ? Our hypothesis is that there is a...

This article discusses the role of the law in the structures of corporate governance and in the development of financial markets. It puts in evidence the effects of legal rules in performances of financial systems in common law and civil law countries. Relation between protection of investors...

Data from the EU?s Large Holdings Directive (88/627/EEC) allow detailed analyses of the control of European corporations to be undertaken for the first time. This paper reports results from an international study of these data by members of the European Corporate Governance Network. It records...

Dealing with five countries of the European Union (France, Germany, Italy, the Netherlands and the United Kingdom), the comparative analysis seeks to determine whether a convergence process of corporate governance systems is observed within Europe. This question is closely linked to the...

This research discusses the empowerment of two central actors in the corporate governance: new corporate leaders with a financial profile and investment funds. We identify the structural and organisational causes of this rising power, as well as the nature of their relationship and its...

The paper discuss the correspondence between the organizational form of multilateral lending institutions and its aim and performance. It is based on the microeconomic of the banking sector and identify financial and contractual risks, and alternative forms of corporate governance as an...