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The Twin Agency Problems in Corporate Finance - On the basis of Stulz's theory

Du, Juan - 2009

investigation in China. On the basis of the data from 1481 Chinese companies listed in Shanghai, Shenzhen or New York, it is found … nearly 20% are controlled by families. The average degree of ownership concentration in China is more than 30%, which is … evidence in China shows that the companies listed abroad are more concentrated than those listed only inland. The investigation …

Persistent link: https://www.econbiz.de/10009452443

Cross-Listing, Close Bank-Firm Relationships and Ownership Structure: Empirical Evidence on Corporate Governance Mechanisms

Korczak, Adriana - 2006

Corporate governance aims to reduce expropriation of investors by managers. This thesis identifies and empirically examines three corporate governance mechanisms: cross-listing in the United States, close bank-firm relationships in Germany and corporate ownership structure in an emerging market....

Persistent link: https://www.econbiz.de/10009460742

Ownership, control and firm performance in Europe

Tong, Guanqun - 2010

This study is motivated by one of the most prevalent properties of modern corporations: separation of ownership and control. Ownership concentration has been one of the corporate governance mechanisms to solve the agency problem between shareholders and management. Existing literature is mainly...

Persistent link: https://www.econbiz.de/10009461307

Ownership concentration & firm performance: Evidence from an emerging market

Grosfeld, Irena - 2006

The initial view of the advantages of ownership concentration in joint stock companies was determined by the concern about the opportunistic managerial behavior. The growing importance of knowledge and human capital in the operation of firms shifts the focus of concern: excessive ownership...

Persistent link: https://www.econbiz.de/10009476880

Aufsichtsräte deutscher Aktiengesellschaften: Zusammensetzung, Interventionsaktivitäten, Performance

Vetter, Karin - 2011

Den Aufsichtsräten innerhalb des deutschen Corporate Governance Systems ist in den letzten Jahren erhöhte Aufmerksamkeit zugekommen. Es wurden Empfehlungen und gesetzliche Vorschriften formuliert, die die Zusammensetzung des Aufsichtsratsgremiums sowie dessen Tätigkeiten betreffen. Diesem...

Persistent link: https://www.econbiz.de/10009475315

Zur Rolle der Printmedien bei der Steuerung und ?berwachung von Unternehmen. Eine Analyse der Berichterstattung ?ber die Einhaltung der Grunds?tze des Deutschen Corporate Governance Kodex.

Schmid, Christoph - 2006

Ausgangspunkt der vorliegenden Arbeit ist die Feststellung, dass sich die ?konomische Theorie trotz der mehr als 160j?hrigen Geschichte gewerbsm??iger medialer Berichterstattung ?ber das Geschehen rund um M?rkte und Unternehmen lange Zeit kaum mit den Massenmedien besch?ftigt hat. Dabei kann...

Persistent link: https://www.econbiz.de/10009481006

Disclosure of executive remuneration in large banks

Schott, Max - 2008

The first part of this thesis analyzes and quantifies the magnitude of executive remuneration disclosure of the worlds 245 largest exchange-listed banks, using annual reports as the primary source of information, and the diverse disclosure rules in the 31 countries in which these banks are...

Persistent link: https://www.econbiz.de/10009451182

Die Relevanz der in Deutschland obligatorischen Informationen zur Corporate Governance

Kristian Köpke - 2011

Die Europäische Union hat es sich zum Ziel gemacht, auf eine gute und vor allem effektive Corporate Governance hinzuwirken. Mit dieser Zielsetzung wurde in einer Abänderungsrichtlinie festgelegt, dass kapitalmarktorientierte Unternehmen künftig umfassende Informationen (das sog. Corporate...

Persistent link: https://www.econbiz.de/10009428987

Two essays on corporate finance

Parrino, Robert (contributor) - 2010

This dissertation consists of two essays on corporate finance. Essay one examines whether corporate governance affects firm performance after capital investments. I find that among firms with weak corporate governance, those with high abnormal capital investments have significantly lower stock...

Persistent link: https://www.econbiz.de/10009429353

Dubai, debt, and dependency : the political and economic implications of the bailout of Dubai

Henry, Clement M. (contributor) - 2011

The goal of this thesis is to identify the main political and economic implications of Dubai’s debt crisis and subsequent bailout by her wealthier and more powerful sister emirate Abu Dhabi. This paper examines the implications of the bailout of Dubai on two levels: Dubai’s relationship with...

Persistent link: https://www.econbiz.de/10009429418