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Royal Ahold (Koninklijke Ahold NV) was one of the major success stories in the 1990s and is one of the major failures, suffering a complete meltdown, in 2003.We investigate the strategy, accounting transparency and corporate governance of Ahold; elements which jointly drive the firm s performance...
Persistent link: https://www.econbiz.de/10011091014
The purpose of this paper is to gather evidence on the success of market forces in promoting investor interests through self-regulation.Corporate governance is a complex mechanism design problem that is both economic and legal/political based.As such there is great interest in whether (and when)...
Persistent link: https://www.econbiz.de/10011091306
-listings – which enable firms to choose their preferred level of investor protection and regulation. This paper reviews these three … bottom or a race to the top. Indeed, firms may opt for less shareholder-orientation or investor protection (shareholder …
Persistent link: https://www.econbiz.de/10011090647
. In contrast, when the bidder is from a country with poorer shareholder protection, the negative spillover by law …
Persistent link: https://www.econbiz.de/10011092858