Being as a Social Movement: The Process of Deinstitutionalization and Independent-living for People with Developmental Disabilities
In: Journal of Memory & Vision, Band 43, Heft 0, S. 166-207
7 Ergebnisse
Sortierung:
In: Journal of Memory & Vision, Band 43, Heft 0, S. 166-207
In: Corporate Governance: The international journal of business in society, Band 13, Heft 1, S. 3-17
PurposeThe purpose of this paper is to identify both the problems and their solutions in the corporate governance systems of Korean business groups (chaebols) in the wake of the Asian financial crisis.Design/methodology/approachThis is a conceptual paper and includes suggestions for improving international governance systems.FindingsIn this paper, the author focuses on how chaebols should be restructured to improve the Korean economy. In order to figure out how they should be restructured, the author explains the positives and negatives of their current structure and how these can be modified/eliminated to make stronger corporate governance.Originality/valueThe paper provides conceptual insights into systems and laws, which can be used to improve the corporate governance of business groups.
In: Corporate Governance: An International Review, Band 26, Heft 6, S. 397-413
SSRN
In: Corporate governance: an international review, Band 26, Heft 6, S. 397-413
ISSN: 1467-8683
AbstractManuscript TypeEmpiricalResearch Question/IssueDirectors can serve different roles: advisors, liaisons, or monitors. Affiliated outside directors have social or business/financial ties to firm executives, are often more trusted than others by the latter, have more knowledge of the firm, give better advice, or liaise more effectively with other organizations. However, they monitor less effectively than other outside directors do. This study theoretically predicts and empirically examines whether affiliated outside directors' contributions to firm value are moderated by corporate conditions: external control threats, uncertainty, government regulation, or information asymmetry.Research Findings/InsightsPanel data analysis shows that among firms that are standalone, have M&A threats, suffer financial distress, face financial uncertainty, or are subject to stricter government regulations, those with more affiliated outside directors—especially those with social ties—have greater firm value. In low information asymmetry environments, firms with more affiliated outside directors have lower firm value. In high information asymmetry environments, however, firms with more independent outside directors have lower firm value. These results remain robust after controlling for endogeneity issues of board composition, outside directors' human capital, social capital, CEO attributes, firm attributes, and industry attributes.Theoretical/Academic ImplicationsThis study extends and links resource dependence theory and agency theory by showing how outside directors with social ties and those with business ties are related to firm value. Furthermore, the value of affiliated outside directors' resources and liaisons differ across corporate conditions, which extends resource dependence theory. Also, effective monitoring by unaffiliated outside directors requires sufficient access to firm information, which extends agency theory.Practitioner/Policy ImplicationsThe relations of different outside directors to firm value across corporate conditions suggest that firms can benefit from considering their corporate conditions when designing the composition of their board of directors.
In: Emerging markets, finance and trade: EMFT, Band 52, Heft 11, S. 2454-2472
ISSN: 1558-0938
In: Emerging markets, finance and trade: EMFT, Band 57, Heft 2, S. 427-443
ISSN: 1558-0938
In: 14th Greenhouse Gas Control Technologies Conference Melbourne 21-26 October 2018 (GHGT-14)
SSRN
Working paper