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Board diversity and shareholder voting
Gow, Ian D.; Larcker, David F.; Watts, Edward M. - 2020 - Draft: November 16, 2020
The lack of diversity across gender and race of corporate boards has been one of the most significant issues in corporate board governance in recent years. Given the critical role that shareholders have in approving director appointments, we analyze voting patterns in director elections to...
Persistent link: https://www.econbiz.de/10012504210
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The Mechanism of Voting Efficiency
Schouten, M.C. - ESRC Centre for Business Research - 2010
In the wake of the financial crisis, shareholders are increasingly relied upon to monitor directors. But while much has been written about directors' flawed judgments, remarkably little is known about shareholders' ability to make accurate judgments. What determines whether shareholders make the...
Persistent link: https://www.econbiz.de/10010614650
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Corporate governance practices and companies' R&D orientation: Evidence from European countries
Honoré, Florence; Munari, Federico; van Pottelsberghe … - 2011
correlates with lower R&D intensity. An executive remuneration system that is linked to the firm's financial performance has a …
Persistent link: https://www.econbiz.de/10010317328
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Learning and the disappearing association between governance and returns
Bebchuk, Lucian A.; Cohen, Alma; Wang, Charles C.Y. - In: Journal of Financial Economics 108 (2013) 2, pp. 323-348
The correlation between governance indices and abnormal returns documented for 1990–1999 subsequently disappeared. The correlation and its disappearance are both due to market participants' gradually learning to appreciate the difference between good-governance and poor-governance firms....
Persistent link: https://www.econbiz.de/10010664042
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Methods for multicountry studies of corporate governance: Evidence from the BRIKT countries
Black, Bernard; Carvalho, Antonio Gledson de; Khanna, … - In: Journal of Econometrics 183 (2014) 2, pp. 230-240
We discuss empirical challenges in multicountry studies of the effects of firm-level corporate governance on firm value, focusing on emerging markets. We assess the severe data, “construct validity”, and endogeneity issues in these studies, propose methods to respond to those issues, and...
Persistent link: https://www.econbiz.de/10011077587
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Methods for Multicountry Studies of Coporate Governance: Evidence from the BRIKT Countries
Black, Bernard; Carvalho, Antonio Gledson De; Khanna, … - Volkswirtschaftliche Fakultät, … - 2014
We discuss empirical challenges in multicountry studies of the effect of firm-level corporate governance on firm value, focusing on emerging markets. We assess the severe data, “construct validity,” and endogeneity issues in these studies, propose methods to respond to those issues, and...
Persistent link: https://www.econbiz.de/10011112797
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Corporate governance practices and companies’ R&D intensity: Evidence from European countries
Honoré, Florence; Munari, Federico; van Pottelsberghe … - In: Research Policy 44 (2015) 2, pp. 533-543
-based remuneration system for managers and a higher shareholders’ consensus at the annual general assembly are all negatively correlated …
Persistent link: https://www.econbiz.de/10011193851
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Does say on pay matter? : evidence from the German natural experiment
Troeger, Tobias H.; Walz, Uwe - 2016
. When considering only the overall board members' compensation, the hypothesis of lower remuneration in case of low …
Persistent link: https://www.econbiz.de/10011539853
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Managerial Remuneration and Disciplining in the UK : A Tale of Two Governance Regimes
Renneboog, Luc - 2010
We simultaneously analyze two mechanisms of the managerial labor market (CEO turnover and remuneration schemes) in two … to CEO remuneration, we sketch a nuanced picture as we find some evidence supporting the alignment of interests … hypothesis, but also supporting the managerial power or skimming model for managerial remuneration practices in the UK prior to …
Persistent link: https://www.econbiz.de/10013135217
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Does say on pay matter? : evidence from Germany
Tröger, Tobias; Walz, Uwe - 2019
remuneration is decreased if shareholder support for compensation schemes is low in say on pay-votes finds only weak support, if … analytical approach for say on pay-regimes. Any evaluation of a shareholder voice-strategy in regulating executive remuneration … has to pay close attention to the limits contract law stipulates for the adaptation of existing remuneration agreements …
Persistent link: https://www.econbiz.de/10012061896