Suchergebnisse

Volume 14 of Advances in Financial Economics presents recent research on corporate governance from a number of countries across the world, including the United States, Spain, Malaysia, Israel and others. Many important corporate governance mechanisms are examined, such as board characteristics (size, independence, duality, staggered form), ownership structure, legal protection of shareholders, annual general meetings, and executive compensation. The findings have implications for mergers and acquisitions, IPOs, related party transactions, CEO pay, volume of trading and stock volatility, and underwriting. Thus, the implications of corporate governance for firm performance and shareholder experience are covered through the salient activities of firms.

This publication provides a contextual view of innovations in public governance. Public governance is about coordination and the use of various forms of institutional arrangements in policy-making processes to pursue the common good. In practice, the improvements and radical changes in governance structures and processes are met through "governance innovations", which vary from radical large-scale national reforms to various organizational innovations and new e-enabled governance models. Understanding and managing such innovation processes are among the most burning issues in public

section 1. Introduction -- section 2. Principles and models --section 3. Country perspectives

This volume examines how the institutional environment affects entrepreneurial organizations, and vice-versa. This approach to entrepreneurship shifts attention away from an individual perspective and looks at how institutions shape entrepreneurial opportunities and actions. Empirical contexts range from satellite radio to film to nuclear power

HauptbeschreibungThis book looks at the consequences and implications of an emerging new way of local politics in Europe. With the term »governance«, changes in the political and social constitution of cities are analysed. Based on theoretical and empirical studies by scholars from ten countries, different aspects of »urban governance« will be presented

What role do contract enforcement institutions provided by the state play for economic development? This question has often been addressed. However, empirical research in this field looks predominantly at transactions that are conducted domestically. Less research exists regarding the enforceability of contracts in cross-border transactions. In other words, research that addresses the institutional foundations of international exchange processes is still in its infancy. The following case study investigates the contract enforcement institutions that enable German customers to purchase software in Asian and East European Countries. This paper's main argument is that nation states are not capable of providing a workable legal infrastructure for cross-border transactions. Instead, economic actors create their own informal mechanisms in order to enforce their contracts. Particularly important are relational contracts and reputational networks. Furthermore, the empirical evidence shows that German enterprises comprehensively use the opportunities offered by new developments in information and communication technology, when it comes to the initiation and control of their foreign business relations. Due to such technical innovation, it therefore seems that both reputational networks and relational contracts gain more and more efficiency compared to state private law.

This e-book explores the impact of corporate governance practices within the framework of accounting issues to illustrate the importance of financial statements and the role governance plays in maintaining accounting quality. The authors highlight the importance of contextual factors in corporate governance research that is based on different organizational and institutional environments, and are in many ways complementary, as the focus on corporate governance mechanisms that inform capital markets. Taken together, they represent a comprehensive overview of current corporate governance researc