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managers and shareholders. These findings suggest that cross-sectional OLS regressions of bank performance on single governance … savings-and-loan holding companies. These governance characteristics, designed to reduce agency problems between shareholders … mechanisms may be misleading. Indeed, we find statistically significant relationships between performance and insider ownership …
Persistent link: https://www.econbiz.de/10008794749
Debt may help to manage type II corporate agency conflicts because it is easier for controlling shareholders to modify … period 1998-2009 is empirically tested. It supports an inverted U-shape relationship between shareholders' ownership and … leverage. At low levels of ownership, controlling shareholders use more debt in order to inflate their stake in capital and to …
Persistent link: https://www.econbiz.de/10010820683
The initial view of the advantages of ownership concentration in joint stock companies was determined by the concern about the opportunistic managerial behavior. The growing importance of knowledge and human capital in the operation of firms shifts the focus of concern: excessive ownership...
Persistent link: https://www.econbiz.de/10010738833
ownership concentration are beneficial for firm performance. They also show that in high-tech firms, higher ownership … concentration does not improve firm performance. The sample consists of all non-financial firms listed on the Warsaw Stock Exchange …
Persistent link: https://www.econbiz.de/10010738964
In this paper we examine the influence of minority expropriation on disclosure level in France where shareholders are … poorly protected and the main agency problem is the one between controlling and minority shareholders (type II conflict … protection where the main agency conflict opposes managers to shareholders (type I conflict). Using a sample of 81 French firms …
Persistent link: https://www.econbiz.de/10008793309
This paper aims to revisit the link between corporate governance, value, and firm performance by focusing on … performance. …
Persistent link: https://www.econbiz.de/10010607938
This paper aims to revisit the link between corporate governance, value, and firm performance by focusing on … performance. …
Persistent link: https://www.econbiz.de/10010899028
This paper aims to revisit the link between corporate governance, value, and firm performance by focusing on … performance. …
Persistent link: https://www.econbiz.de/10010899761
Après avoir mis en évidence les problèmes de gouvernance posés par la " nouvelle firme ", désintégrée verticalement et intensive en capital humain, nous avançons que la responsabilité sociale de l'entreprise (RSE) peut servir à réguler les rapports de force entre les partenaires...
Persistent link: https://www.econbiz.de/10009323659
processes, VC's roles vis à vis CEOs, and investment performance. …
Persistent link: https://www.econbiz.de/10010549128