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TOWARDS MODERNIZATION OF THE CORPORATE GOVERNANCE IN BULGARIA

Keremidchiev, Spartak - EconWPA - 2005

The paper aims at outlining the existing gaps in Bulgarian corporate governance compared to the standards and the state of corporate governance in developed market economies. The current state of corporate governance, the degree of ownership concentration as well as the strengths and weaknesses...

Persistent link: https://www.econbiz.de/10005412937

Ownership Concentration and Restructuring in Czech Manufacturing Sector

Vychodil, Ondrej - EconWPA - 2005

on an unbalanced panel data on 90 Czech companies for the years 1991-1998. OLS, FE and RE regressions with labor …

Persistent link: https://www.econbiz.de/10005077013

Corporate Governance and Dividends Payout in India

Kumar, Jayesh - EconWPA - 2004

This paper investigates the association between the corporate governance and the dividends payout policy for a panel of …

Persistent link: https://www.econbiz.de/10005413214

Does Ownership Structure Influence Firm Value? Evidence from India

Kumar, Jayesh - EconWPA - 2004

This paper examines the effect of ownership structure on the firm performance for an unbalanced panel of 2478 Indian … managerial ownership on firm performance. Using panel data framework, we show that a large fraction of cross- sectional variation … institutional investors and managers affect firm performance non- linearly, after controlling for observed firm characteristics and …

Persistent link: https://www.econbiz.de/10005134786

Corporate Governance Mechanisms and Firm Financing in India

Kumar, Jayesh - EconWPA - 2005

This study investigates the firm financing patterns in India and the role of corporate governance mechanisms. We use firm-level time series data of nearly 2000 listed companies from 1994 through 2000, to analyze the firm’s corporate financing behavior in connection with its corporate...

Persistent link: https://www.econbiz.de/10005134838

Far From Home: Do Foreign Investors Import Higher Standards of Governance in Transition Economies?

Hellman, Joel S.; Jones, Geraint; Kaufmann, Daniel - EconWPA - 2003

Based on the Business Environment and Enterprise Performance Survey (BEEPS) of firms in transition countries, which unbundles corruption to measure different types of corrupt transactions and provide detailed information on the characteristics and performance of firms, we find that: i)...

Persistent link: https://www.econbiz.de/10005407674

Corporate Governance and Management Succession in Family Businesses

Phan, Phillip; Butler, John E.; Lee, Soo Hoon - EconWPA - 2005

Family businesses carry the weight of economic wealth creation in most economies. In the U.S. alone, family businesses account for 80 to 90 percent of the 18-million business enterprises in the United States, and 50 percent of the employment and GNP. In many ways, the family business is...

Persistent link: https://www.econbiz.de/10005412922

A Corporate Governance Reform as a Natural Experiment for Incentive Contracts

Bayer, Christian; Burhop, Carsten - EconWPA - 2004

The present paper proposes to employ a major shift in the legal and institutional environment to identify contractual incentives from the correlation of executive pay and firm performance. We use the reform of the German stock companies act in 1884 as such a major shift and estimate the...

Persistent link: https://www.econbiz.de/10005413146

Economic Impact of 'Regulation on Corporate Governance': Evidence from India

Bhattacharyya, Asish K.; Rao, Sadhalaxmi Vivek - EconWPA - 2005

India, with its 20 million shareholders, is one of the largest emerging markets in terms of the market capitalization. In order to protect the large investor base, the Securities and Exchange Board of India (SEBI) has enforced a regulation effective from April 2001, requiring mandatory...

Persistent link: https://www.econbiz.de/10005413156

Cutting the Dividends Tax…and Corporate Governance Too?

Falaschetti, Dino; Orlando, Michael - EconWPA - 2003

Economists tend to agree that the recent cutting of dividends taxes will encourage investment and reduce financial distress. In addition to creating these “benefits,” however, the tax cut can also increase governance costs. For example, by removing a bias for leveraged capital structures,...

Persistent link: https://www.econbiz.de/10005413182