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Since 1989 and the regionalization of public transports in Belgium, the Société des transports intercommunaux de Bruxelles (STIB), i.e. the public operator of urban transport in Brussels, has undergone many changes, both structural and organizational. Meanwhile, the company has managed to...
Persistent link: https://www.econbiz.de/10010968982
Since 1989 and the regionalization of public transports in Belgium, the Société des transports intercommunaux de Bruxelles (STIB), i.e. the public operator of urban transport in Brussels, has undergone many changes, both structural and organizational. Meanwhile, the company has managed to...
Persistent link: https://www.econbiz.de/10011214019
article points to the coming challenges in governance architecture for steering regulatory reform in Serbia: credibility …
Persistent link: https://www.econbiz.de/10008693657
State-owned enterprises (SOEs) play a key role in the economy of many countries. They are usually thought to be in charge of increasing social welfare. At the same time, their relatively low performance poses several problems, including slowing down economic growth. This effect is especially...
Persistent link: https://www.econbiz.de/10012007589
State-owned enterprises (SOEs) play a key role in the economy of many countries. They are usually thought to be in charge of increasing social welfare. At the same time, their relatively low performance poses several problems, including slowing down economic growth, which is especially...
Persistent link: https://www.econbiz.de/10012861128
corporate governance mechanisms and agency costs for Chinese listed firms. Based on a large panel of Chinese listed firms, we … effective governance mechanisms to reduce agency costs only for private-controlled firms in the post reform period. Therefore …, our study concludes that the effectiveness of corporate governance mechanisms differ between state and private controlled …
Persistent link: https://www.econbiz.de/10012867655
Influenced by their compensation plans, CEOs make their own luck through decisions that affect future firm risk. After adopting a relative performance evaluation (RPE) plan, total and idiosyncratic risk are higher, and the correlation between firm and industry performance is lower. The opposite...
Persistent link: https://www.econbiz.de/10011968863
Pyramidal structures are the common methods to organize enterprises, either private or state-owned around the world. This study considers both political cost and agency cost theory in pyramidal structures constructed by Chinese government mainly for governmental decentralization. Although this...
Persistent link: https://www.econbiz.de/10012867463
arrangement of state ownership has remained elusive. SOE reform is incomplete as long as a number of fundamental governance issues …
Persistent link: https://www.econbiz.de/10012867873
arrangement of state ownership has remained elusive. SOE reform is incomplete as long as a number of fundamental governance issues …
Persistent link: https://www.econbiz.de/10012026451