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society we analyze the conflict between shareholder and stakeholder interests. In particular, some of those that receive …) in a general share/stakeholder conflict setup. It is found that for sensible specifications of the conflict restructuring …
Persistent link: https://www.econbiz.de/10014222512
that the emphasis on knowledge in organisations raises a <p> fundamental question of learning, i. e. how knowledge workers … labour, and <p> the social interactions in organisations. These three foci relate to different <p> understandings of learning …, namely learning as cognition, as situated, and as the <p> reconstruction of experiences. To illustrate both the emphasis on …
Persistent link: https://www.econbiz.de/10005419634
, retains brokers, or hires consultants. Its governance is lean, using an advisory board and bucking all forms of corporate …
Persistent link: https://www.econbiz.de/10011758401
This paper estimates the effects of Say-on-Pay (SoP); a policy that increases shareholder "voice" by providing shareholders with a regular vote on executive pay. We apply a regression discontinuity design to the votes on shareholder-sponsored SoP proposals. Adopting SoP leads to large increases...
Persistent link: https://www.econbiz.de/10011071266
This paper estimates the effects of Say-on-Pay (SoP); a policy that increases shareholder "voice" by providing shareholders with a regular vote on executive pay. We apply a regression discontinuity design to the votes on shareholder-sponsored SoP proposals. Adopting SoP leads to large increases...
Persistent link: https://www.econbiz.de/10011111093
We analyze the long-term effects of firm break-up and ownership change on corporate performance. Our analysis is based on a unique data set for a large number of Czech firms spanning the period 1996-2005. We employ a propensity score matching procedure to deal with endogeneity problems. Our...
Persistent link: https://www.econbiz.de/10010274965
We analyze the long-term effects of divesture and ownership change on corporate performance. We employ a unique data set for a large number of Czech firms spanning the period 1996-2005. We employ a propensity score matching procedure to deal with endogeneity problems. Our results, which are...
Persistent link: https://www.econbiz.de/10010281888
We analyze the long-term effects of divesture and ownership change on corporate performance. We employ a unique data set for a large number of Czech firms spanning the period 1996-2005. We employ a propensity score matching procedure to deal with endogeneity problems. Our results, which are...
Persistent link: https://www.econbiz.de/10008738365
The allocation of authority affects the communication of information about clients within banks. We document that in small business lending internal control leads loan officers to propose inflated credit ratings for their clients. Inflated ratings are, however, anticipated and partly reversed by...
Persistent link: https://www.econbiz.de/10011343379
The resource-based perspective on firm diversification, subsequent to Penrose (1959), has focused primarily on the fungibility of resources across domains. We make a clear analytical distinction between scale-free capabilities and those that are subject to opportunity costs and must be allocated...
Persistent link: https://www.econbiz.de/10013134573