Moral governance: politicians, ownership, and control
نویسندگان
چکیده
منابع مشابه
Ownership, Control and Governance of European and US Corporations
This paper reports substantial differences in the ownership and control of companies across countries both in terms of concentration of control and the type of investor exerting control. It reports significant differences not only between Anglo-American and Continental European systems but also between the UK and US and within Continental Europe. Voting blocks are concentrated at levels at whic...
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External governance (e.g., takeover) and internal governance (e.g., ownership structure) are the most common mechanisms to solve the agency problem in a corporation. Cremers and Nair (2005) make the first effort to investigate one of the interactions between the two mechanisms by considering G-index and block shareholder ownership. This paper investigates the interaction between G-index and exe...
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We study the impact of Sarbanes-Oxley Act (SOX) on the relationship between corporate governance and company performance. We consider five measures of corporate governance during the period 1998-2007. We find a negative and significant relationship between board independence and operating performance during the pre-2002 period, but a positive and significant relationship during the post-2002 pe...
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This paper surveys the issues and devises an analytical framework for policy makers and policy advisors concerned with corporate governance. The framework takes a functional approach, identifying six functions provided by a governance system. The paper highlights the possibilities and limits to governance reform through the adoption of legal protections and the use of ownership structure. I cau...
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Most large UK private-sector organisations are listed companies that are subject to intense pressures to enhance shareholder value. The question arises of whether this constrains the ability of UK managers to pursue genuine partnership arrangements with long-term stakeholders, including employees. Empirical evidence is presented in the form of case studies of partnership relations between labou...
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ژورنال
عنوان ژورنال: Corporate Ownership and Control
سال: 2009
ISSN: 1810-3057,1727-9232
DOI: 10.22495/cocv6i3c2p1