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Control Without Ownership : Governance of Nonprofit Hospitals

Lewellen, Katharina; Phillips, Gordon M.; Sertsios, Giorgo - National Bureau of Economic Research - 2025

We provide a comprehensive analysis of the governance structures of nonprofit hospitals and hospital systems. We study … corporate control, government oversight), with particular focus on the latter. Nonprofit boards are unusually large, include … market for corporate control is also weaker in the nonprofit sector: nonprofits with poor financial performance are half as …

Persistent link: https://www.econbiz.de/10015450887

The Governance of Not-For-Profit Firms

Glaeser, Edward L. - 2002

maximizing shareholder value. One of the most striking factors about non-profit firms is that they have no comparable governance … essay discusses the implications of these weak governance institutions on non-profit behavior. A primary implication is that … is the need of the organizations to compete in outside markets. After presenting a model of non-profit behavior, I look …

Persistent link: https://www.econbiz.de/10012469793

The Impact of Corporate Sustainability on Organizational Processes and Performance

Eccles, Robert G. - 2012

We investigate the effect of corporate sustainability on organizational processes and performance. Using a matched sample of 180 US companies, we find that corporations that voluntarily adopted sustainability policies by 1993 - termed as High Sustainability companies - exhibit by 2009 distinct...

Persistent link: https://www.econbiz.de/10012460709

CEO Pay and Firm Performance : Dynamics, Asymmetries, and Alternative Performance Measures

Joskow, Paul L. - 1994

This study explores the dynamic structure of the pay-for- performance relationship in CEO compensation and quantifies the effect of introducing a more complex model of firm financial performance on the estimated performance sensitivity of executive pay. The results suggest that current...

Persistent link: https://www.econbiz.de/10012473923

Intangible Investment and Firm Performance

Chappell, Nathan - 2018

We combine survey and administrative data for about 13,000 New Zealand firms from 2005 to 2013 to study intangible investment and firm performance. We find that firm size and moderate competition is associated with higher intangible investment, while firm age is associated with lower intangible...

Persistent link: https://www.econbiz.de/10012453351

What Gets Measured Gets Managed : Investment and the Cost of Capital

He, Zhiguo; Liao, Guanmin; Wang, Baolian - National Bureau of Economic Research - 2022

We study the impact of government-led incentive systems by examining a staggered reform in the Chinese state-owned enterprise (SOE) performance evaluation policy. To improve capital allocative efficiency, in 2010, regulators switched from using return on equity (ROE) to economic value added...

Persistent link: https://www.econbiz.de/10012938744

Business Groups in Canada : Their Rise and Fall, and Rise and Fall Again

Morck, Randall - 2015

Family-controlled pyramidal business groups were important in Canada early in the 20th century, amid rapid catch …

Persistent link: https://www.econbiz.de/10012456963

Estimating Management Practice Complementarity between Decentralization and Performance Pay

Hong, Bryan - 2015

The existence of complementarity across management practices has been proposed as one potential explanation for the persistence of firm-level productivity differences. However, thus far no conclusive population-level tests of the complementary joint adoption of management practices have been...

Persistent link: https://www.econbiz.de/10012457821

Sources of Firm Life-Cycle Dynamics : Differentiating Size vs. Age Effects

Kueng, Lorenz - 2014

What determines firm growth over the life-cycle? Exploiting unique firm panel data on internal organization, balance sheets and innovation, representative of the entire Canadian economy, we study recent theories that examine life-cycle patterns for firm growth. These theories include...

Persistent link: https://www.econbiz.de/10012458044

The Impact of Emerging Market Competition on Innovation and Business Strategy

Kueng, Lorenz - 2016

How do firms in high-income countries adjust to emerging market competition? We estimate how a representative panel of Canadian firms adjusts innovation activities, business strategies, and exit in response to large increases in Chinese imports between 1999 and 2005. On average, process...

Persistent link: https://www.econbiz.de/10012455840