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We use new firm-level data to examine the effects of spinoffs and privatization on corporate performance in a rapidly emerging market economy. Unlike the existing literature, which analyzes spinoffs almost exclusively in advanced economies, we control for accompanying ownership changes and the...
Persistent link: https://www.econbiz.de/10005077066
governance and other micro-level factors. …
Persistent link: https://www.econbiz.de/10009368420
The world of mergers and acquisitions are often fraught with change, loss of identity and uncertainty for the workers who remain. The consolidation of work-groups can result in new roles, unfamiliar faces, new social structure and the introduction of foreign processes. The need to quickly...
Persistent link: https://www.econbiz.de/10014175232
Backward and forward vertical integrations both shape the organization of Global Value Chains (GVCs). Yet, many studies make the unrealistic assumption that integration decisions are binary and one-directional, i.e., companies make the integration decision only once and they can go either...
Persistent link: https://www.econbiz.de/10014032540
Japanese corporate governance reform is implemented by an introduction of corporate governance code and stewardship … principal cost theory, could support a conceptual framework of governance reform and analyzed that as an important function for … agency cost reduction. In order to make governance reform more effective, I make several proposals, cost sharing of …
Persistent link: https://www.econbiz.de/10014361849
experiences and talents will give you the best corporate governance? What are the commonly required director attributes that are a … provoke radical thinking about how any company-specific system of corporate governance may be improved by questioning existing …
Persistent link: https://www.econbiz.de/10013111309
This paper uses new firm-level data to examine the effects of breakups of the Czech firms and their subsequent privatization on corporate performance. Unlike the existing literature, which analyzes breakups almost exclusively in advanced economies, we control for accompanying ownership changes...
Persistent link: https://www.econbiz.de/10005036613
This paper analyzes the theoretical approach to the corporate governance, in relation to the different capitalism model …. Before, in the paper, there is a survey of different principal definitions of corporate governance. Than, it investigates the … the principles proposed by the OECD to create a good self-regulation system of corporate governance. …
Persistent link: https://www.econbiz.de/10010798309
We analyze the long-term effects of divesture and ownership change on corporate per-formance. 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/10008685281
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/10009024846