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Government Regulation, Corporate Board, and Corporate Value : Evidence from China

Yu, Wei - 2011

My study examines how institutional features of transition economies, i.e., goverment ownership, legal investor …

Persistent link: https://www.econbiz.de/10013131130

Private Equity, LBOs, and Corporate Governance : International Evidence

Siegel, Donald S. - 2011

We review the governance role of private equity (PE) firms in companies that have experienced an LBO. We conjecture that PE firms may provide powerful remedies to agency conflicts associated with public and private firms, such as managerial entrenchment and opportunism

Persistent link: https://www.econbiz.de/10013131653

Expropriation of Minority Shareholders in Politically Connected Firms

Qian, Meijun - 2011

concentrated ownership. We document that the controlling shareholders' expropriation behavior through tunneling or self-dealing is …

Persistent link: https://www.econbiz.de/10013132344

Board Structure and the Governance Role of Independent Board in Dual-Class Firms

Jiang, Junlan - 2011

ownership structure was made, dual-class firms have slightly bigger and less independent board. Two measures of control … CEO percentage cash compensation arising from the agency problems associated with disproportional ownership structure …

Persistent link: https://www.econbiz.de/10013133039

CEO Ownership, External Governance, and Risk-taking

Kim, E. Han - 2011

We find a significant hump-shaped relation between firm valuation and CEO ownership when external governance (EG) is … firm-fixed effects. The results imply that CEO ownership and EG are substitutes in mitigating agency problems at low levels … of ownership. At large ownership, the combination of large voting rights and high wealth-performance sensitivity causes …

Persistent link: https://www.econbiz.de/10013133326

The Buyback Monitor – July 2010 : Corporate Stock Buyback Profits of 275 Firms 2000-2010

Gumport, M. A. - 2011

This report updates and expands earlier studies to look at the profitability of $349.7 billion of buybacks executed from 2000 through early 2010 by a sample of 275 corporations. The sample companies, drawn mainly from the technology sector, enjoy total equity market value today of $945.6...

Persistent link: https://www.econbiz.de/10013133330

German Corporate Law Reform's Impact on Publicly Listed Companies' Performance Through Changes in Ownership Concentration

Pakamore, Mantas - 2011

This paper analyses the German corporate law reform's effect on the publicly listed companies' ownership and … an empirical analysis using 1997-2008 panel data consisting of ownership, Tobin's Q, and sales growth follows. Empirical … evidence shows that ownership has become more dispersed (the total number of shareholders is larger) and that it had a positive …

Persistent link: https://www.econbiz.de/10013133571

Corporate Governance and First-Best Solutions : A Sociological Perspective

Pichhadze, Aviv - 2011

Drawing on insights from social science methodology and systems analysis, the article adopts a holistic view of the equity markets and highlights how market forces have been driving the evolution in the equity markets towards a first-best corporate governance model. This governance model is the...

Persistent link: https://www.econbiz.de/10013133588

Are OECD-Prescribed 'Good Corporate Governance Practices' Really Good in an Emerging Economy?

Chen, Victor Zitian - 2011

The purpose of this paper is to examine whether adopting OECD-prescribed corporate governance principles can solve the major corporate governance problem in an emerging economy - controlling-shareholder expropriation. We argue that none of any "good corporate governance practices" in OECD...

Persistent link: https://www.econbiz.de/10013134671

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 different regulatory regimes, namely before and after the sweeping governance reforms adopted in the UK in the 1990s. We employ sample selection models to examine firms in a...

Persistent link: https://www.econbiz.de/10013135217