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History of American Corporate Governance: Law, Institutions, and Politics

Hilt, Eric - In: Annual Review of Financial Economics 6 (2014) 1, pp. 1-21

This article presents an overview of the history of corporate governance in the United States, emphasizing the period before the advent of federal securities laws and the Securities and Exchange Commission (SEC). Recent research has overturned many widely accepted beliefs about corporate...

Persistent link: https://www.econbiz.de/10011094550

Corporate governance in Greece: developments and policy implications

Spanos, Loukas - Volkswirtschaftliche Fakultät, … - 2005

This paper provides a comprehensive overview of corporate governance (CG) developments in Greece and has two objectives: to enrich the debate in this area and to contribute to the increasing literature by presenting the main aspects of the Greek CG framework; and to place the current CG...

Persistent link: https://www.econbiz.de/10011110429

Israel; Detailed Assessment of IOSCO Objectives and Principles of Securities Regulation

International Monetary Fund (IMF); International … - 2012

Israelâ€™s compliance with International Organization of Securities Commissionsâ€™ objectives and Principles of Securities Regulation has been assessed. The regulatory regime is well developed and in most respects is comparable with that of major jurisdictions. For the most part, it is...

Persistent link: https://www.econbiz.de/10011242660

Investment Policy, Internal Financing and ownership Concentration in the UK

Renneboog, Luc; Goergen, M. - Tilburg University, Center for Economic Research - 2000

investigate whether ownership concentration by class of shareholder creates or mitigates liquidity constraints.Control is expected … liquidity and investment could be a symptom of underinvestment.Firms pass up some projects with positive net present values … concentration reduces the liquidity constraints induced by agency costs, high insider shareholding concentration increases the …

Persistent link: https://www.econbiz.de/10011090481

The Impact of Ownership Structure on Firm Performance : Evidence From a Large Emerging Market

Douma, S.W.; George, R.; Kabir, M.R. - Tilburg University, Center for Economic Research - 2002

We examine how ownership structure affects the performance of firms using firm level data from a large emerging market, India.We specifically focus on a previously unexplored phenomenon, namely the differential role played by foreign institutional and foreign corporate shareholders.An...

Persistent link: https://www.econbiz.de/10011090733

When do German Firms Change their Dividends?

Renneboog, Luc; Correia Da Silva, L.; Goergen, M. - Tilburg University, Center for Economic Research - 2002

Anecdotal evidence suggests that the dividend policy of German firms is more flexible than the one of their Anglo-American counterparts.This paper analyses the decision to change the dividend for a panel of 221 German firms from 1984 to 1994.The choice of the period of study is motivated by the...

Persistent link: https://www.econbiz.de/10011091618

The Managerial Labor Market and the Governance Role of Shareholder Control Structures in the UK

Renneboog, Luc; Trojanowski, G. - Tilburg University, Center for Economic Research - 2002

We simultaneously analyze two mechanisms of the managerial labor market: CEO turnover and monetary remuneration schemes.Sample selection models and hazard analyses applied to a random sample of 250 firms listed on the London Stock Exchange over a six-year pre-Cadbury period show that managerial...

Persistent link: https://www.econbiz.de/10011092291

Does the balance of power among block shareholders have impact on top management turnover?: An empirical study of listed firms in China

Xie, Jun; Zeng, Xiaotao - In: China Finance Review International 1 (2010) December, pp. 98-113

Purpose–The purpose of this paper is to examine whether the shareholding of the largest shareholder and other large shareholders could exert a good stimulating effect within a firm's corporate governance structure and what impact the balance of power among large shareholders could have on top...

Persistent link: https://www.econbiz.de/10010561538

The efficacy of principle-based corporate governance practices and firm financial performance: An empirical investigation

Reddy, Krishna; Locke, Stuart; Scrimgeour, Frank - In: International Journal of Managerial Finance 6 (2010) July, pp. 190-219

Purpose – This paper seeks to address the effect that principle-based corporate governance practices have on the financial performance of large publicly-listed companies. In 2004, the New Zealand Securities Commission (NZSC) promulgated nine high level principles and guidelines for all...

Persistent link: https://www.econbiz.de/10008642012

Board composition, ownership structure and dividend policies in an emerging market: Further evidence from CASE 50

Abdelsalam, Omneya; El-Masry, Ahmed; Elsegini, Sabri - In: Managerial Finance 34 (2008), pp. 953-964

Purpose -The purpose of this study is to examine dividend policies in an emerging capital market, in a country undergoing a transitional period. Design/methodology/approach -Using pooled cross-sectional observations from the top 50 listed Egyptian firms between 2003 and 2005, this study examines...

Persistent link: https://www.econbiz.de/10010761726