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The Role of The Media in Corporate Governance : Evidence From Shareholder Proposals

Di Giuli, Alberta - 2020

This paper examines the role played by the media in the shareholder proposal process. We find a positive relation … between media coverage and the likelihood to be targeted by governance proposals. The effect is mostly concentrated in … proposals submitted by non-institutional shareholders and driven by negative news. Negative media coverage is also associated …

Persistent link: https://www.econbiz.de/10012850262

Corporate governance in Germany : an economic perspective

Schmidt, Reinhard H. - 2003

A financial system can only perform its function of channelling funds from savers to investors if it offers sufficient assurance to the providers of the funds that they will reap the rewards which have been promised to them. To the extent that this assurance is not provided by contracts alone,...

Persistent link: https://www.econbiz.de/10009764771

Boards in Microfinance Institutions : How Do Stakeholders Matter

Mori, Neema - 2014

Microbanks provide financial services to low income people. Governance of these organizations is important for them to efficiently reach poor people and survive financially. Board is one among several governance mechanisms. This paper empirically analyses the influence of stakeholders who sit on...

Persistent link: https://www.econbiz.de/10013065050

Corporate Oversight and Stakeholder Lines of Defense

Lyons, Sean - 2014

The financial crisis of 2008 and the resulting economic recession have cruelly exposed weaknesses in corporate …

Persistent link: https://www.econbiz.de/10013067333

Stakeholder Influence and Board Role Performance in Microfinance Organizations : A Theory-Based Approach

Mori, Neema - 2014

Microfinance organizations provide financial services to low income individuals. In this paper I argue that good governance is a precondition for the long run survival of such organizations. The paper discusses importance and roles of stakeholders who sit on boards of microfinance organizations....

Persistent link: https://www.econbiz.de/10013068143

Agency Costs of Stakeholders and Capital Structure : International Evidence

Yu, Bing - 2014

This paper explores the relationship between creditor rights and employee rights and capital structure across countries. Using country-level creditor rights index and labor rights index as a proxy for agency costs of creditors and agency costs of employees, respectively, I address the agency...

Persistent link: https://www.econbiz.de/10013068421

Stakeholder Governance - An Analysis of BITC Corporate Responsibility Index Data on Stakeholder Engagement and Governance

Hansen, Erik G. - 2014

Our current social, environmental, and economic systems are being confronted with global, interlinked problems such as environmental degradation, loss of biodiversity, climate change, and social inequalities and exclusion. Against this background, corporate responsibility (CR) and sustainability...

Persistent link: https://www.econbiz.de/10013069169

Investor Protection and Foreign Stakeholders

Giofré, Maela - 2014

Different investor classes are endowed with different rights, and conflicting interests among them can make protections afforded to one party detrimental to another. Indeed, we find that investor protection laws have sizeable "cross" effects on foreign portfolio investment and the direction of...

Persistent link: https://www.econbiz.de/10013069664

Banks and Labor as Stakeholders : Impact on Economic Performance

Claessens, Stijn - 2014

The stakeholder view of corporate governance, especially when based on incomplete-contracts theory, suggests that stakeholders' relative bargaining powers affect overall firm performance. We investigate this utilizing a natural experiment in the U.S. Specifically, we study the impact of bank...

Persistent link: https://www.econbiz.de/10013070340

Corporate Governance Effects on Innovation When Both Agency Costs and Asset Specificity Matter

Belloc, Filippo - 2020

The paper explores the question whether the relationship between corporate governance and innovation is affected by the extent to which the firm is exposed to agency problems and asset specificity issues. In particular, we argue that different combinations of asset specificity and agency costs...

Persistent link: https://www.econbiz.de/10012855760