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(VF)La limitation du problème du free cash flow dépend de l’efficacité des mécanismes de gouvernance.Sur la base d’un échantillon de 123 entreprises françaises en 2004, nous montrons que c’est la distribution soutenue des dividendes, et non le niveau d’endettement, qui permet de...
Persistent link: https://www.econbiz.de/10010585923
performance in financial institutions and in financial regulation and supervision all over the world. The contributors to the … decisionmakers have a better chance of showing good performance in the future. In essence, they are looking for new paradigms in …
Persistent link: https://www.econbiz.de/10011070913
The purpose of the current research is to study bank mergers and acquisitions (M&A) and to see whether they have implications on the productivity of the target banks, and also for the bidder bank. The aim of this paper is to see if, during 2002-2008 period, three banks from the European banking...
Persistent link: https://www.econbiz.de/10011079787
, creditors, suppliers, customers, community, society, etc. It should be noted that high performance is directly proportional with … corporate governance with major implications for achieving high performance by legal entities. The study assumes that the legal … global economic crisis and also to the challenge of ensuring high performance, with implications in economic growth. …
Persistent link: https://www.econbiz.de/10010700084
firms' stock market performance. Using a novel, hand-collected data set covering 1,083 firm years from 2002 to 2008, we find …
Persistent link: https://www.econbiz.de/10010305697
demography) to firm performance, however, ig- noring other board characteristics. This paper investigates how the education and … business experience of directors affect firm performance. The sample consists of 1,574 directorships from 224 listed firms in …
Persistent link: https://www.econbiz.de/10011390661
The legal environment is one important determinant of corporate governance. However, within legal families, also cultural differences can explain the level of corporate governance to some extent. We analyze this relationship for the case of Switzerland. Swiss firms are mainly located in two...
Persistent link: https://www.econbiz.de/10011390668
This paper contends that compliance risk and the compliance function are powerful devices to enhance corporate governance not only in banks but in any other organization as well. Firstly, it reviews the contribution made by the Bank for International Settlements (BIS), which pertains to...
Persistent link: https://www.econbiz.de/10010323304
Diese Studie untersucht die Übereinstimmung von Erklärungsentsprechen und Entsprechenserklärung bezüglich Ziffer 4.2.3 Abs. 4 S. 1 Deutscher Corporate Governance Kodex (DCGK) in den Jahren 2010 bis 2014. Dazu wurden in einer Vollerhebung die Entsprechenserklärungen und Abfindungssummen...
Persistent link: https://www.econbiz.de/10011589906
This study examines the governance attributes of post-IPO (initial public offering) retained ownership of private equity in business group constituent firms in contrast to their unaffiliated counterparts, in 202 newly listed firms in 22 emerging African economies. We adopt an actor centred...
Persistent link: https://www.econbiz.de/10011442471