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dem IWF in diesen Szenarien zur Verfügung stehen, orientieren sich dabei an den in der Theorie zur Finanzintermediation …, especially in contract theory. After thoroughly summarizing the potential information asymmetries and negative incentives between … hazard and discuss critically the implications of the proposals. Much more promising than to develop punishment or …
Persistent link: https://www.econbiz.de/10009471827
This paper examines the impact on underpricing and firm market value arising from IPO firms implementing a range of governance attributes such as the separation of CEO and Chairman roles, the founder ceding CEO position, establishment of committees and board size. Furthermore I study the...
Persistent link: https://www.econbiz.de/10009474942
We extend agency theory to propose that structural reform positively impacts firm profitability in developing countries …
Persistent link: https://www.econbiz.de/10009477387
economics, property rights and agency theory, amongst others. We review these before taking a knowledge-based perspective to …
Persistent link: https://www.econbiz.de/10009480460
concepts drawn from transaction cost theory andagency theory, this dissertation develops a model that draws attention to … management information alter the organizational design outcomespredicted by the two theory bases above. The foundational … arguments regarding firmboundaries and structure are based on the two contracting modes of agency theory,behavioral and outcome …
Persistent link: https://www.econbiz.de/10009429360
viewing co-ordinated supply chains as a series of Principal-Agent relationships, and draws on Perceived Risk Theory to explain …
Persistent link: https://www.econbiz.de/10009445155
The study verifies, between march 2005 and march 2006, if there is any difference between the stock yields of a sample of companieslisted in Bovespa that adopt the principles of Corporate Governance, in different levels, in relation to the companies of the traditionalmarket. The data were...
Persistent link: https://www.econbiz.de/10009446914
The role of the board of directors in firm strategy has long been the subject of debate. However, research efforts have suffered from several deficiencies: the lack of an overarching theoretical perspective, reliance on proxies for the strategy role rather than a direct measure of it and the...
Persistent link: https://www.econbiz.de/10009448197
all employees. Consistent with the agency theory argument that monitoring and incentives can behave as complements to one …
Persistent link: https://www.econbiz.de/10009452188
We conduct an experiment to examine how lending decisions are affected by lender perceptions of reporting and governance quality. We perform a set of experiments to determine whether lenders are sensitive to the quality of governance as measured by board composition along multiple dimensions,...
Persistent link: https://www.econbiz.de/10009459049