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cost control and corporate governance. The model discusses why it is important to uphold the shareholders' interests and …This study is an attempt to develop a conceptual decision dynamics model in order to analyze the relationship between … requires protecting the interests of all stakeholders, cost control by that organization should be well guided by the corporate …
Persistent link: https://www.econbiz.de/10013030857
This paper offers an investigation at a micro-level of entrepreneurship in the business environment. More precisely, we conduct an empirical study of the relationship between corporate entrepreneurship and corporate governance in the case of the Romanian non-financial listed companies. We use...
Persistent link: https://www.econbiz.de/10011819884
Nobel Laureate in Economics for 2016, Oliver Hart, and economist Luigi Zingales recently published an article justifying companies' pursuit of social objectives at the expense of profits from within the shareholder primacy framework. This Essay highlights an important consequence of this...
Persistent link: https://www.econbiz.de/10012913400
In contemporary corporate governance accents are shifting. The corporation is not just an instrument for providing the corporate owners' well-being – the corporation should be regarded as an important social institution with a strong influence on the community's life. Corporate governance is...
Persistent link: https://www.econbiz.de/10013098122
This paper considers the potential contained in an 'internalities' approach to corporate governance. Rather than viewing the company as a 'black box' that can only be regulated through state action, we argue that corporate governance holds in tension the relationship between investors, managers...
Persistent link: https://www.econbiz.de/10013104762
We find that hedge fund activism decreases firms’ receipt of government subsidies. Consistent that governments exhibit concern that target firm priorities will deviate from the objectives of subsidies, we find firms reduce (increase) their orientation toward stakeholders (shareholders) after...
Persistent link: https://www.econbiz.de/10014238502
This paper extends the prior studies on corporate performance by empirically exploring the impact of overall corporate governance structure on firm performance. To unveil the objective of this study, firstly corporate governance index is built using Principal Component Analysis with 6 (six)...
Persistent link: https://www.econbiz.de/10012221372
Persistent link: https://www.econbiz.de/10012930453
willingness of privately held firms to cede company control. Based on a questionnaire entailing 75 privately held firms backed by … PE, we show that family firms cede less control than non-family firms when entering a PE transaction. However, if firms …
Persistent link: https://www.econbiz.de/10011992209
years. It makes two principal arguments. First, because the separation of ownership and control was one of the rationales …
Persistent link: https://www.econbiz.de/10014445783