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Collaborative investor engagement with policymakers : changing the rules of the game?

Yamahaki, Camila; Marchewitz, Catherine - 2023

Although a growing number of investors are engaging with sovereign entities on environmental, social, and governance (ESG) issues, little academic research investigates this new form of investor activism. Applying universal ownership theory and drawing on eleven case studies of policy...

Persistent link: https://www.econbiz.de/10014338086

Managerial Risk-Taking Incentives and the Systemic Risk of Financial Institutions

Iqbal, Jamshed - 2020

This paper examines whether the systemic risk of financial institutions is associated with the risk-taking incentives … generated by executive compensation. We measure managerial risk-taking incentives with the sensitivities of chief executive …-taking incentives were associated with significantly higher levels of systemic risk during the peak of the financial crisis in 2008. We …

Persistent link: https://www.econbiz.de/10012853910

Risk Choices and Compensation Design

Carey, Mark - 2015

managerial incentives to take bad-tail risks while providing incentives to exert effort. Arrangements similar to collar options …

Persistent link: https://www.econbiz.de/10013023865

Stakeholders, transactional algebras and conflict systems (mapping on why the founding charter compact becomes the mainstay of corporate governance)

Apreda, Rodolfo - 2007

In this paper we put forward an alternative approach to dealing with the Charter of any organization, that essential document which ought to be regarded as the mainstay of governance. In the first place, we show that an organization carries out its tasks by becoming a responsive mechanism to...

Persistent link: https://www.econbiz.de/10010323077

Empirical research on corporate credit-ratings : a literature review

Matthies, Alexander B. - 2013

the credit rating scale are essential to understand empirical findings. -- rating agency ; credit ratings ; through …

Persistent link: https://www.econbiz.de/10009681828

Inside-Out Corporate Governance

Skeel, David A. - 2012

Until late in the twentieth century, internal corporate governance - that is, decision making by the principal constituencies of the firm - was clearly distinct from outside oversight by regulators, auditors and credit rating agencies, and markets. With the 1980s takeover wave and hedge funds'...

Persistent link: https://www.econbiz.de/10013113644

Determinants of Bank Board Structure in Ghana

Adusei, Michael - 2012

The paper investigates the determinants of bank board structure in Ghana and finds that the Scope of Operations Hypothesis could explain the variation in board size but not board independence. On the other hand, the Board Monitoring Hypothesis could only explain the variation in board...

Persistent link: https://www.econbiz.de/10013113744

Governance and the Financial Crisis

Adams, Renee B. - 2012

Should boards of financial firms be blamed for the financial crisis? Using a large sample of data on nonfinancial and financial firms for the period 1996-2007, I document that the governance of financial firms is, on average, not obviously worse than in nonfinancial firms. In fact, using simple...

Persistent link: https://www.econbiz.de/10013113850

Pension Funds, Sovereign-Wealth Funds and Intergenerational Justice

Cappelen, Alexander W. - 2012

Pension funds and sovereign-wealth funds own a large and increasing fraction of the shares in publicly traded companies in the OECD area. These funds typically have a very long time horizon on their investments, as well as highly diversified portfolios. These features imply that the interests of...

Persistent link: https://www.econbiz.de/10013099906

Asset Owners and Delegated Managers

Ang, Andrew - 2012

(agents). What is best for the asset owner, however, is usually not best for the fund manager. Additional agency conflicts …

Persistent link: https://www.econbiz.de/10013103917