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Among the clearest rules in U.S. securities law is the duty that brokers have to quot;seek the best execution that is reasonably available for its customers' orders.quot; The problem with the current orientation of the policy discussion on best execution is that it has focused on the narrow, yet...
Persistent link: https://www.econbiz.de/10012784445
. Critics have charged that these theories ignore crucial aspects of firms, such as human capital, and thus serve as incomplete … insights of the human capital turn in theory of the firm through a comprehensive analysis of the changed role of employees in … expanded understanding of the firm also helps reconceptualize corporate governance. This article argues that, given the …
Persistent link: https://www.econbiz.de/10012785696
operating control; and incentives placed throughout the firm to orient employees, including newsroom personnel, to corporate …
Persistent link: https://www.econbiz.de/10012786946
We explore how CEO power impacts executive option repricing. The spread between the option strike price and the market value of the stock impacts the likelihood of repricing. This effect is enhanced when the CEO is the Chairman of the Board. Firm and CEO visibility, having more board members...
Persistent link: https://www.econbiz.de/10012787265
or less-related product, corporate, and international strategies, and (2) whether such a portfolio of board appointments … decision making. The findings also show the potential power of models that link the broader, social-structural context in which … inside the quot;black boxquot; of corporate boards …
Persistent link: https://www.econbiz.de/10012788222
Purpose – This paper aims to examine the relationship between corporate governance, corruption and disclosure of … country.Originality/value – This is one of the few studies in sub-Saharan Africa that considered the impact of corporate … relationship between corporate governance and disclosure by showing that disclosure of forward-looking information in Ghana is …
Persistent link: https://www.econbiz.de/10012955478
Using enforcements of the Foreign Corrupt Practices Act, we test the hypothesis that socially responsible (ESG) firms receive lower sanctions from prosecutors. Since virtually all cases are settled by bargaining, we estimate sanction specifications derived from a Nash Bargaining model. To...
Persistent link: https://www.econbiz.de/10012904737
century — the process that shapes the landscape of the modern corporate sector in the ASEAN-5 economies that we observe today …
Persistent link: https://www.econbiz.de/10012893526
This study examines the integration of corporate social responsibility (CSR) criteria in executive compensation, a … relatively recent practice in corporate governance. We construct a novel database of CSR contracting and document that CSR … long-term orientation; ii) an increase in firm value; iii) an increase in social and environmental initiatives; iv) a …
Persistent link: https://www.econbiz.de/10012935632
The Jumpstart Our Business Startups (“JOBS”) Act of 2012 intends to “help entrepreneurs raise the capital they need to … capital available to diverse entrepreneurs in new geographies. Yet the net effect of securities regulations and market … conditions is the opposite. Startup companies are encouraged to stay private so capital is consolidating in large, mature firms …
Persistent link: https://www.econbiz.de/10012937081