Corporate governance as motor of change of entrepreneurial culture
نویسندگان
چکیده
منابع مشابه
Change in the German model of corporate governance:
In order to research the dynamics of the German model of corporate governance, data pertaining to major holdings of voting rights in listed companies between 1997 and 2001 were examined. The change that took place in this short period of time is striking, with falling level of ownership concentration, dissolving cross-holdings, and financial sector institutions losing their position as blockhol...
متن کاملCorporate Governance and the Financing of Investment for Structural Change
Discussions of financial systems tend to identify banks (financial intermediaries) and markets as the major institutions determining the workings of the financial system as it guides the flow of funds from the household sector to the production sector of the economy. The contrast of "bankdominated" and "market-oriented" financial systems has for a long time occupied centre stage of the literatu...
متن کاملIdiosyncratic Risk and Disclosure of Corporate Social Responsibility: Emphasizing the Role of Corporate Governance
In this study, the impact of corporate social responsibility (CSR ) disclosure on idiosyncratic risk has been investigated concerning three stakeholder theory, information asymmetry, and risk management. It also goes further and explores the impact of some corporate governance mechanisms such as ownership structure, board characteristics, and incentive contracts on this relationship. To achieve...
متن کاملCulture, Corporate Governance, and Dividend Policy: International Evidence
Using more than 112,000 firm-year observations in 33 countries, we find that two Hofstede’s cultural dimensions, uncertainty avoidance and long-term orientation, remain significant in the determination of dividend policy even after controlling for governance and firm-specific factors. When uncertainty avoidance is high, only firms in countries with stronger investor protection pay more dividend...
متن کاملNational Culture, Corporate Governance Practices, and Firm Performance
In this paper, we examine the universality of “good” corporate governance practices as exemplified by the Anglo-American governance paradigm. Using a new database from Governance Metrics International featuring highly granular measures of corporate governance practices across a large number of countries for the period 2006-2011, we first find that the national cultural dimension of individualis...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Corporate Ownership and Control
سال: 2006
ISSN: 1810-3057,1727-9232
DOI: 10.22495/cocv3i4c1p5