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Value-Based Management and Corporate Governance: a Study of Serbian Corporations

Stancic, Predrag; Todorovic, Miroslav; Cupic, Milan - Volkswirtschaftliche Fakultät, … - 2012

efforts of managers to maximize shareholder value, and the attitude of Serbian corporations toward these issues. The paper …

Persistent link: https://www.econbiz.de/10011107418

Governance and performance of Tunisian banks

Trabelsi, Mohamed Ali - Volkswirtschaftliche Fakultät, … - 2009

researchers pay a particular attention to banking governance. Specifically, shareholders-managers’ convergence of interests and … negative effect on performance. The results also reveal that managers lack control while the board of directors seems to exert … shareholders and performance, a phenomenon which might be explained in terms of private appropriation of benefits. …

Persistent link: https://www.econbiz.de/10008694021

Theories on executive pay. A literature overview and critical assessment

Otten, J.A. - Volkswirtschaftliche Fakultät, … - 2008

Executive pay is a major issue in the corporate governance debate. As well in practice as in theory debate still exists how executive pay levels and structures can be explained. This paper provides an overview of 16 theories that have been used in the literature to explain the phenomenon. The...

Persistent link: https://www.econbiz.de/10005619874

Extending the managerial power theory of executive pay: A cross national test

Otten, Jordan J.A.; Heugens, Pursey P.M.A.R - Volkswirtschaftliche Fakultät, … - 2007

Contextual factors are typically neglected in both theorizing and empirical tests on executive pay. The fast majority of empirical investigations use data from U.S. based firms. Theoretical implications are typically developed, understood and tested on the basis of the U.S. context. However, the...

Persistent link: https://www.econbiz.de/10005621578

Is Cross-listing Associated with Stronger Executive Incentives? Evidence from China

Chi, Wei; Zhang, Haiyan - Volkswirtschaftliche Fakultät, … - 2008

This study examines whether firms incorporated in mainland China benefit from cross-listing in Hong Kong, China. The Hong Kong Stock Market has more stringent governance rules and a better investor protection than the mainland market. Hong Kong companies generally provide strong incentives to...

Persistent link: https://www.econbiz.de/10005621936

Nachträgliche Reduktion von Vorstandsbezügen: Eine ökonomische Analyse der Herabsetzungsmöglichkeit von Vorstandsbezügen nach dem VorstAG

Duran, Mihael - Volkswirtschaftliche Fakultät, … - 2011

This paper examines the possibility of reducing executive compensation following the German VorstAG. To examine the potential economic impact of the reduction, a tournament model is introduced. The model shows some implications on the decisions of the Executive Board and Supervisory Board.

Persistent link: https://www.econbiz.de/10009323939

An Analysis of Withdrawn Shareholder Proposals

Foley, Maggie; Cebula, Richard; Jun, Chulhee - Volkswirtschaftliche Fakultät, … - 2013

shareholder proposals. Among all shareholders, unions are the most likely to withdraw proposals. Furthermore, firms with a record …

Persistent link: https://www.econbiz.de/10011107357

Financialization of the U.S. corporation: what has been lost, and how it can be regained

Lazonick, William - Volkswirtschaftliche Fakultät, … - 2012

The employment problems that the United States now faces are largely structural. The structural problem is not, however, as many economists have argued, a labor-market mismatch between the skills that prospective employers want and the skills that potential workers have. Rather the employment...

Persistent link: https://www.econbiz.de/10011113715

No Place To Hide: The Global Crisis in Equity Markets in 2008/09

Bartram, Söhnke M.; Bodnar, Gordon M. - Volkswirtschaftliche Fakultät, … - 2009

This paper provides a broad analysis of the effect of the current financial crisis on global equity markets and their major components. We also examine the magnitude of the crisis in terms of value destruction in comparison to other market crashes. In brief, upon looking at return performance...

Persistent link: https://www.econbiz.de/10005034978

Banking consolidation and the availability of credit to small businesses

Cole, Rebel; Walraven, Nick - Volkswirtschaftliche Fakultät, … - 1998

In this study, we use firm-level data from the 1993 National Survey of Small Business Finances to test the hypothesis that banking consolidation has reduced the availability of credit to small businesses. We find that banks in markets where mergers have occurred are more likely than other banks...

Persistent link: https://www.econbiz.de/10005836119