Similar Search Results

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

Two-Tier Boards for the Governance of Banks

Brogi, Marina - 2010

For financial intermediaries governance is particularly important due to their special role within the economy in the aggregation and transfer of financial resources. Recent measures aimed at supporting the economy and banks have attached particular importance to governance practices, as also...

Persistent link: https://www.econbiz.de/10013135965

Private Equity, Ownership, and Regulation

Pichhadze, Aviv - 2010

result from the diffusion of equity ownership in the public firm and (ii) form part of a larger market trend to-wards the … market oriented blockholder model – a hybrid ownership structure that offers the benefits of monitoring associated with … concentrated ownership along with the benefits of promoting liquid and efficient capital markets associated with diffused ownership …

Persistent link: https://www.econbiz.de/10013137230

Board Independence, Firm Performance and Ownership Concentration : Evidence from Chile

Lefort, Fernando - 2010

What determines the composition of companies' boards in the context of high ownership concentration? Are independent … directors important as an internal governance mechanism in companies with high ownership concentration? Do markets favor …

Persistent link: https://www.econbiz.de/10013138947

Internal Corporate Governance Mechanisms and Foreign Investors : Evidence from Japanese IPOs

Matsumoto, Mamoru - 2010

percentage ownership by non-Japanese investors after controlling for the effect of firm size, leverage and market-to-book ratio … on foreign ownership. In contrast, there are no such tendencies for banks that can exert power on companies in informal …

Persistent link: https://www.econbiz.de/10013138981

The Effects of Board Independence in Controlled Firms : Evidence from Turkey

Ararat, Melsa - 2010

A large number of empirical studies in the U.S. report that there is no cross-sectional relationship between board composition and firm performance. On the other hand, a relatively small but growing literature on boards in emerging market corporations shows that a higher level of board...

Persistent link: https://www.econbiz.de/10013139013

Inside-Out Corporate Governance

Skeel, David A. - 2012

Until late in the twentieth century, internal corporate governance - that is, decision making by the principal constituencies of the firm - was clearly distinct from outside oversight by regulators, auditors and credit rating agencies, and markets. With the 1980s takeover wave and hedge funds'...

Persistent link: https://www.econbiz.de/10013113644