This paper examines the governance of Spanish banks around two main issues. First, does poor economic performance activate governance interventions that favor the removal of executive directors and the merger of non-performing banks? And second, does the relationship between governance...

The paper analyses the ownership structure of a large sample of Spanish listed companies. The results are analysed in terms of governance implications under the agency theory context. The results show a picture with concentrated ownership where stock markets are relatively low important. Direct...

Purpose - This paper investigates how past performance changes, prior CEO replacements and changes in the chairperson impact CEO turnover in public and large private businesses. Design/methodology/approach - We analyze 1,679 CEO replacements documented in a sample of 1,493 Spanish public and...

The paper examines the effectiveness of corporate governance mechanisms in a context characterised by fully outside boards. The internal governance mechanisms studied comprise CEO replacement, Board of Director's turnover and Chairman replacement in firms with ownership diversity. We find that...

En este trabajo procedemos a caracterizar las empresas que colaboran con Centros Tecnológicos. Las investigaciones empíricas de Cassiman & Veugelers (1998b) y Bayona (2000), junto a los enfoques teóricos del cambio tecnológico y de las motivaciones para colaborar tecnológicamente, serán...

Purpose As the influence of institutional investors over managerial decision-making grows, so does the importance of understanding the effect of institutional investor ownership (IO) on firm outcomes. The authors take a comprehensive approach to studying the effect of IO on earnings management...

In the management literature, the role of learning from experience and its effect on performance has been highlighted. However, little is known about the effects of strategic change on performance due to aspects pertaining to the mobility of learning. Building on different learning theories, we...