Narrow search
Showing 1 - 10 of 189
Cover Image
How do family ties, boards and regulation affect pay at the top? Evidence for Indian CEOs
Fagernäs, Sonja - ESRC Centre for Business Research - 2006
performance and both CEO and firm specific fixed effects. The hypothesis is that corporate governance, ownership structures and … component and the performance-related component of pay. In contrast, the presence of outside representatives on the board - non … lowers the level of pay and that of non-executives ties pay more to firm performance. A further timely finding is that the …
Persistent link: https://www.econbiz.de/10005162824
Cover Image
Determinants of the use of financial incentives in investment banking
Nash, David - ESRC Centre for Business Research - 2003
This paper examines the use of incentive pay schemes within the financial services sector in London. Various theories of wage determination are reviewed with particular attention placed on the principal-agent literature as a framework for analysing the use of incentive pay. This is combined with...
Persistent link: https://www.econbiz.de/10005688017
Cover Image
The Impact of Foreign Corporate Ownership on Downsizing and Labour Cost
Chai, D.H. - ESRC Centre for Business Research - 2010
related to labour cost but this positive effect is significantly weaker for firms with weak financial performance than those … with strong financial performance. These results provide support to the view that foreign investors take both monitoring …
Persistent link: https://www.econbiz.de/10010614658
Cover Image
The Impact of Mergers and Acquisitions on Executive Pay in the United Kingdom
Guest, Paul - ESRC Centre for Business Research - 2007
We examine the impact of acquisitions on executive pay in UK acquirers over 1984-2001. For the overall sample, which includes foreign, domestic, public and private targets, there is a significant transitory pay increase. Pay changes are not affected by target nationality or organizational form,...
Persistent link: https://www.econbiz.de/10005813000
Cover Image
Law and Financial Development: What we are learning from time-series evidence
Armour, J.; Deakin, S.; Mollica, V.; Siems, M.M. - ESRC Centre for Business Research - 2010
The legal origins hypothesis is one of the most important and influential ideas to emerge in the social sciences in the past decade. However, the empirical base of the legal origins claim has always been contestable, as it largely consists of cross-sectional datasets which provide evidence on...
Persistent link: https://www.econbiz.de/10010614655
Cover Image
An End to Consensus? The Selective Impact of Corporate Law Reform on Financial Development
Deakin, S.; Sarkar, P.; Singh, A. - ESRC Centre for Business Research - 2011
Legal origins theory suggests that law reform, strengthening shareholder and creditor rights, should enhance financial development. We use recently created datasets measuring legal change over time in a sample of 25 developing, developed and transition countries to test this claim. We find that...
Persistent link: https://www.econbiz.de/10010548032
Cover Image
Rethinking Receivership
Armour, John; Frisby, Sandra - ESRC Centre for Business Research - 2000
A popular perception is that administrative receivers and their appointors hold 'too much' power in relation to troubled companies. Consideration of this issue is timely, because insolvency law is currently under review. We argue although the law's formal structure is imbalanced, this can...
Persistent link: https://www.econbiz.de/10005687971
Cover Image
Shareholder Primacy and the Trajectory of UK Corporate Governance
Armour, John; Deakin, Simon; Konzelmann, Suzanne J. - ESRC Centre for Business Research - 2003
Core institutions of UK corporate governance, in particular those relating to takeovers, board structure and directors’ duties, are strongly orientated towards a norm of shareholder primacy. Beyond the core, in particular at the intersection of insolvency and employment law, stakeholder...
Persistent link: https://www.econbiz.de/10005687992
Cover Image
Comment optimiser l'achat de transport à valeur ajoutée ? Le cas de Roche Diagnostics France
Fanget, Coralie - HAL - 2013
Une entreprise qui fonde sa stratégie sur la différenciation par le haut se doit de respecter un certain nombre d'engagements permettant de légitimer sa position. En effet, sur un marché concurrentiel, un positionnement haut de gamme doit pouvoir se justifier aux yeux des clients par une...
Persistent link: https://www.econbiz.de/10010898934
Cover Image
Le ciblage d'inflation : un essai de comparaison internationale
Ftiti, Zied; Goux, Jean-François - HAL - 2011
grande stabilité observée aux débuts des années 90 et 2000. Un débat émerge sur l'efficacité et la performance économique de … résultats nous concluons à l'efficacité et la performance économique de cette politique monétaire à la fois pour les pays …
Persistent link: https://www.econbiz.de/10008855260