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The objective of this study is to conduct a systematic review of the factors influencing the profitability performance … literature on the trend of SOE profitability performance and its influencing factors. The obtained result showed that there was a …
Persistent link: https://www.econbiz.de/10014527802
We investigate whether ownership concentration influences bank profitability in a developing country context. We focus …
Persistent link: https://www.econbiz.de/10011937845
This paper examines whether the introduction of corporate governance (CG) reforms in general and that of transparency and disclosure (T&D) rules in particular can necessarily boost firm performance. Existing literature suggests that CG reforms can boost performance because it can resolve the...
Persistent link: https://www.econbiz.de/10010282468
To gain insights about the quality of board's firing decisions, we investigate abnormal stock returns and operating performance around CEO-turnover announcements in a new hand- collected sample of 208 “clean” turnover events between January 1998 and June 2009. Unlike the majority of previous...
Persistent link: https://www.econbiz.de/10011390666
This paper provides the first rigorous econometric estimates on the pay-performance relations for executives of Korean firms with and without Chaebol affiliation. To do so, we have assembled for the first time panel data (that provide information not only on executive compensation and firm...
Persistent link: https://www.econbiz.de/10010267324
Does firm ownership change affect performance? On the basis of a mean-value analysis and a fixed effects panel analysis of over 1100 Chinese companies during the period of ownership reform (1997-2003), this paper examines the performance impact of firm ownership transformation in China. The data...
Persistent link: https://www.econbiz.de/10011605643
The current literature on firm ownership around the world shows that concentrated ownership with only one or a few controlling owners is common, especially in many European and Asian countries. The dispersed ownership has proven to be uncommon and even countries with supposed dispersed ownership...
Persistent link: https://www.econbiz.de/10011332476
more efficient governance structures have higher profitability. To determine efficiency we compare firms with respect to … regressions of profitability. Our main finding is that the efficiency scores indeed contribute significantly to explaining … profitability differences between firms, even after controlling for industry effects and unobserved systematic firm effects. …
Persistent link: https://www.econbiz.de/10010261490
This paper provides evidence on how executive compensation relates to firm performance in listed firms in China. Using comprehensive financial and accounting data on China's listed firms from 1998 to 2002, augmented by unique data on executive compensation and ownership structure, we find for...
Persistent link: https://www.econbiz.de/10010267302
Despite its lack of attractiveness to other countries, the German system of quasi-parity codetermination at company level has held up remarkably well. We recount the theoretical arguments for and against codetermination and survey the empirical evidence on the effects of the institution, tracing...
Persistent link: https://www.econbiz.de/10010269284