The development studies community needs to work towards building cumulative knowledge that lies between all-encompassing universal truths that leads to a ‘one solution fits all’ approach, on the one hand, and empirically rich atheoretical context-specific details, on the other....

Corporate social responsibility (CSR) and corporate sustainability represent the way companies achieve enhanced ethical standards and a balance of economic, environmental and social imperatives addressing the concerns and expectations of their stakeholders. Corporate governance reflects the way...

The East India Company was the first joint-stock company of the world. Being a joint-stock company, it experienced the consequences of separation between ownership (stockholders) and control (management). The separation between ownership and control leads to the principal–agent problem,...

The aim of this article is to analyze the scope and limits of media impact on corporate governance (CG) in India and how the mass media can be upgraded and incorporated in the ensuing CG reform agenda. Extant and premier literature on the impact of media on corporate governance is reviewed. The...

Eine verantwortungsvolle Corporate Governance soll dazu beitragen, dass einerseits das Energieunternehmen und andererseits der wesentliche Gesellschafter, die Kommune, bei der Erfüllung ihrer Ziele unterstützt werden. Wie jeder private Anteilseigner strebt die politische Führung einer Kommune...

The finding and setting of a business target is the starting point whenever dealing with corporate governance; the autonomy of companies to define those targets is one constitutive characteristic of any market economy. Regulatory demands as the standardization of the German...

Over the last two decades, cash holdings in nonfinancial firms around the world have increased. This phenomenon is particularly concerning in Japan, where the success of Abenomics depends on a transition from stimulus-driven to self-sustaining growth based on private consumption and investment....

Manuscript Type: Empirical<br><br> Research Question/Issue: We first study how cross-country differences in legal quality and personal bankruptcy laws affect the financing of New Technology-Based Firms (NTBFs). Second, we study how venture capital (VC) investors, as expert monitors and initiators of...

We propose a model in which better governance incentivizes managers to perform better and thus saves on the cost of providing pay for performance. However, when managerial talent is scarce, firms' competition to attract better managers reduces an individual firm's incentives to invest in...

This paper examines how corporate governance and executive compensation affect bank capitalization strategies for an international sample of banks over the 2003-2011 period. ‘Good’ corporate governance, which favors shareholder interests, is found to give rise to lower bank capitalization....