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This essay analyses the relationship between corporate governance practices and Chief Executive Officer (CEO) wages from a sample of Portuguese listed companies over the period from 2002-2011. The relationship between CEO total compensation and shareholders return, firm characteristics, CEO...
Persistent link: https://www.econbiz.de/10011113777
The benefits of family ownership and control of firms are at the center of the family firm debate. Previous studies … have used either family ownership or management as proxies for control. Both indicators are off the mark, as they do not … family ownership, control and management on financial firm performance, while controlling for goal heterogeneity of different …
Persistent link: https://www.econbiz.de/10010984780
This paper examines the relations between the disciplinary role of Japanese relationship-oriented corporate governance mechanisms, such as keiretsu memberships and bank-appointed directors, and pay-performance sensitivity in Japan. Previous studies show that pay-performance sensitivity is...
Persistent link: https://www.econbiz.de/10005784002
and exporting. In turn, the extent of managers’ independence is negatively associated with ownership concentration, but …
Persistent link: https://www.econbiz.de/10005784774
Persistent link: https://www.econbiz.de/10005574138
ownership distributions, control is either fully held by one party, or no party in particular.The paper therefore model control … that in absence of bargaining, any model of such JV is discontinuous in the ownership distribution in that for di erent … indigenization policies that restrict foreign ownership. …
Persistent link: https://www.econbiz.de/10011092144
achieve control with a relatively small fraction of ownership. Double voting shares, non-voting shares, cross holdings, and … between ownership and con-trol, accounting on average for 43% of the excess control, whereas double voting shares account for …
Persistent link: https://www.econbiz.de/10005111191
control from ownership and firm performance. Results also underline that tunneling is used to promote controlling shareholders …This paper investigates the influence of a firm’s distance from control on its performance, using a unique firm level … data set on small business ownership, as well as balance sheet information. This study fills a gap in the empirical …
Persistent link: https://www.econbiz.de/10008541281
This paper investigates the influence of firm control structure on firm individual economic performance using a unique … firm level data set of ownership and balance sheet information. This study fills a gap in the empirical governance … what is usually observed for large business groups’ results show a positive relationship between the separation of control …
Persistent link: https://www.econbiz.de/10008544625
the subsequent 100 years, and comparing the pattern of ownership and control with a sample incorporated around 1960. We … corporations. We investigate this question by tracing the ownership and board composition of firms incorporated in around 1900 over … outside equity finance, and there was rapid dispersion of ownership even in the absence of investor protection. The …
Persistent link: https://www.econbiz.de/10005123634