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Die zu erwartende vorzeitige Auflösung des Bundestages wird wohl dazuführen, daß der derzeit dem Parlament vorliegende „Entwurf eines Gesetzesüber die Offenlegung der Vorstandsvergütungen“ nicht mehr verabschiedetwird1. Das bietet die Gelegenheit, die diesem Entwurf und dem in...
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-Kodex zur Transparenz der Vorstandsvergütungendurch die große Mehrzahl der börsennotierten Gesellschaften erfordern eineReaktion …
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UNTERNEHMENSPUBLIZITÄT: Immer neue Vorschriften und Standardsmachen den IR-Verantwortlichen das Leben schwer. Doch trotz aller Regulierunggibt es noch genügend Möglichkeiten, eigene Akzente zu setzen.[...]
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.Among those initiatives, a push toward more disclosure ofinformation in published accounts has been prominent. Inparticular …, policy proposals such as the New Basel Accord(Pillar 3) have introduced a number of disclosure requirementsthat aim to … increases in disclosure may not be able tomaterially change this. “The push for increased marketdiscipline and disclosure may …
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I consider the role of firm transparency in shaping its capital structure. In a costly-state-verification model, the optimal capital structure can be implemented by a mixture of debt and outside equity. Consistent with empirical evidence, leverage decreases with both past and expected...
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We study changes in the design of CEO contracts when firms transition from being public with dispersedshareholders to having strong principals in the form of private equity sponsors. These principals redesignsome, but far from all, contract characteristics. There is no evidence that they reduce...
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