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This paper develops a discussion around the Executive “Efficiency Index” as to its nature and importance.This study entails US, UK and Australian CEO's and Executive Director Remuneration and Profit data from public listed firms.The data collected is from public listed corporations from...
Persistent link: https://www.econbiz.de/10013000465
Purpose – This paper develops a discussion looking at the correlation between corporate governance convergence, that how similar is corporate governance between the said countries. Design/methodology/approach – This study entails Australia, The United States of America, The United Kingdom...
Persistent link: https://www.econbiz.de/10013067040
-dependent firms. In turn, small firms create fewer jobs than large firms. Exploiting variation in top incomes across U.S. states and … incomes account for 16 percent of the overall decline in the employment share of small firms since 1980. The model also …
Persistent link: https://www.econbiz.de/10014081501
performance is not significantly differently from that of full private concessionaires. We also find limited evidence of …
Persistent link: https://www.econbiz.de/10012981225
It is crucial to consider how profits vary over the life cycle of the firm in order to understand why the aggregate profit share has been increasing while firm entry has been declining. All else equal, the more back-loaded profits are, the lower is the value of the firm due to discounting....
Persistent link: https://www.econbiz.de/10013221699
performance. In 2016, Khan, Serafeim, and Yoon published what appeared to be a major breakthrough in this quest. They reported … between corporate sustainability and financial performance, as well as demonstrating the practicality of determining, in … explore the relationship between material-sustainability and stock return by performing a “model uncertainty analysis”. We …
Persistent link: https://www.econbiz.de/10013226895
Among other reasons, the aim to gain efficiency and increasing profitability are generally cited as important reasons for the firms to undergo mergers. Mergers and Acquisitions (M&As) have been considered as an important means through which companies can achieve economies of scale, remove...
Persistent link: https://www.econbiz.de/10013236244
In this study I present empirical evidence that employment in family firms is less sensitive to performance and product … at the industry level and I show that this also holds for fluctuations in value added. I extend the analysis to show that … idiosyncratic shocks to the firm, I find that family firms are less anxious to translate temporary shocks in performance into …
Persistent link: https://www.econbiz.de/10013052716
This paper examines the determinants of international competitiveness at the level of sectors and firms. First, we address the relation between cost-related and technological competition in a sample of fifteen OECD countries. Results suggest that the countries' sectoral market shares are indeed...
Persistent link: https://www.econbiz.de/10010403711
I develop and estimate a model of export dynamics featuring self-discovery that accounts well for new exporter dynamics: (a) continuation rates that are increasing with tenure, and (b) growth rates of export sales that are decreasing with tenure. The option value generated by the acquisition of...
Persistent link: https://www.econbiz.de/10011489986