Igor Filatotchev and Mike Wright (eds): the life cycle of corporate governance
نویسندگان
چکیده
منابع مشابه
Corporate Governance over the Business Cycle
I provide empirical evidence that badly governed firms respond more to aggregate shocks than do well governed firms. I build a simple model where managers are prone to over-invest and where shareholders are more likely to tolerate such a behavior in good times. The model successfully explains the average profit differences as well as the cyclical behavior of sales, employment and investment for...
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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...
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15 صفحه اولEnjoying the Quiet Life? Corporate Governance and Managerial Preferences
Much of our understanding of corporations builds on the idea that managers, when they are not closely monitored, will pursue goals that are not in shareholders’ interests. But what goals would managers pursue? This paper uses variation in corporate governance generated by state adoption of antitakeover laws to empirically map out managerial preferences. We use plant-level data and exploit a uni...
متن کاملCorporate Governance and the
Corporate governance has been in the recent years one of the most debated issues in conventional economic approaches. Agency theory combined with financial indicators has particularly contributed to the development of shareholder value as a key concept in companies’ governance both at a theoretical and empirical level. In this paper, we argue that an evolutionary perspective can be developed on...
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ژورنال
عنوان ژورنال: Journal of Evolutionary Economics
سال: 2006
ISSN: 0936-9937,1432-1386
DOI: 10.1007/s00191-006-0016-6