scholarly journals The Separation of Voting and Control: The Role of Contract in Corporate Governance

2020 ◽  
Author(s):  
Gabriel V. Rauterberg
Keyword(s):  
Corporate Governance ◽  
And Control

scholarly journals Downward wage rigidity in American technology firms

2018 ◽  
Vol 15 (4-1) ◽  
pp. 181-190
Author(s):  
Xiaoying Chen ◽  
Jasmine Yur-Austin
Keyword(s):  
Corporate Governance ◽  
Pay For Performance ◽  
Business Leaders ◽  
Wage Rigidity ◽  
Venture Capitalists ◽  
Technology Firms ◽  
Corporate Governance Mechanisms ◽  
And Control ◽  
Dot Com

This study reviews the role of various corporate governance mechanisms to pay for performance in American technology firms. Compared to traditional business leaders, CEOs in technology firms possess stronger power for negotiating with shareholders; such power theoretically lowers the chance of interest conflicts between management and control but may increase CEOs’ wage rigidity during business downturns, especially in firms with poor corporate governance. We evaluate ownership structure; board composition; and the existence of independent compensation committees throughout the dot-com bubble and bubble-burst periods. We aim to examine during the business downturn period whether these CEOs cut their compensation effectively or exercise their negotiation power to protect their own benefit. Our empirical results provide strong evidence that given poor firm performance, CEOs with weak corporate governance negotiate higher cash-based pay rather than reduce their compensations. However, we find that venture capitalists play an important role in monitoring CEOs and revising compensation.

6. Company Management and Governance

2020 ◽  
pp. 100-120
Author(s):  
Imogen Moore
Keyword(s):  
Corporate Governance ◽  
Institutional Investors ◽  
Executive Directors ◽  
Corporate Governance Code ◽  
Executive Remuneration ◽  
Questions And Answers ◽  
The Uk ◽  
And Control ◽  
The Relationship

The Concentrate Questions and Answers series offers the best preparation for tackling exam questions and coursework. Each book includes typical questions, suggested answers with commentary, illustrative diagrams, guidance on how to develop your answer, suggestions for further reading, and advice on exams and coursework. This chapter explores important issues in company management and corporate governance, starting by examining the role of directors and shareholders (and the relationship between them) and the separation of ‘ownership and control’. Since the early 1990s, the governance of listed companies has been dominated by self-regulatory codes (currently the UK Corporate Governance Code). This chapter examines how these codes operate and considers key themes in corporate governance, including the role of non-executive directors and auditors; the position of institutional investors; and executive remuneration.

scholarly journals Duality of roles and corporate governance in Greece

2009 ◽  
Vol 5 (1) ◽  
pp. 15-21 ◽  
Author(s):  
Themistokles Lazarides
Keyword(s):  
Corporate Governance ◽  
Good Practice ◽  
Balance Of Power ◽  
Ownership Concentration ◽  
Probit Regression ◽  
Power And Control ◽  
Organizational Stability ◽  
The Board Of Directors ◽  
And Control

Duality of the role of President of the Board of Directors (BoD) and CEO has been regarded as a good practice of corporate governance. These two roles are the ones with the most power an authority within the corporation. The paper depicts the formulating factors of duality of roles in Greece. Literature has linked duality with performance, organizational stability, ownership concentration and balance of power and control within the firm. The paper, using a Probit regression analysis, examines whether these relationships are valid in Greece. Statistical – econometric analysis has shown that financial performance is not related with concentration of power and control. The same conclusion is can be drawn for ownership concentration. There is a trend of change but this trend hasn’t the same dynamic or driving factors as the ones that are reported by Kirkbride and Letza (2002) and Muth and Donaldson (1998). The hypothesis posed by Heracleous (2001) and Baliga, 6oyer and Rao (1996) are more likely to be true in the case of Greece. Overall, duality in Greece is affected by the historical development of the firm, its organizational scheme and even more by the balance of power and control within the firm.

scholarly journals Editorial: Scholarly communications and corporate governance research

2019 ◽  
Vol 17 (1) ◽  
pp. 162-164
Author(s):  
Alexander Kostyuk
Keyword(s):  
Corporate Governance ◽  
American Economic Review ◽  
Theory And Practice ◽  
Final Approval ◽  
Critical Commentary ◽  
Scholarly Communications ◽  
The Mean ◽  
And Control ◽  
To Receive

The role of scholarly conferences as a method of scholarly communications cannot be overestimated. Thus, Torgler and Piatti (2013) found that in 1974, only 19 per cent of papers published in American Economic Review had been presented at one or more conferences, workshops or seminars, for critical commentary prior to publication. On average, the number of presentations was 0.24 per paper. Twenty-five years later, 73 percent of the papers accepted for publication have been previously presented, and the mean number of pre-publication presentations was 4.73. Personal editorial and reviewing experience give a right to conclude that papers previously presented at the conferences have more serious scholarly content, solid empirical fundamentals and relevance. Scholarly journal reviewers are more favourable about such papers and it takes less time to receive the final approval of the reviewers for further publishing. Discussing the papers in an open manner at the conferences is welcome both by the authors of the papers as well as the commenting scholars adding more enthusiasm for further research. International conference "New Challenges in Corporate Governance: Theory and Practice"1 took place in Naples on October 3-4, 2019.2 About 80 experts from America, Europe, Asia, Africa and Oceania gathered at the conference venue to discuss relevant issues of corporate governance, ownership and control, share their most recent research and come up with the solutions of the existing corporate governance research.

scholarly journals Editorial: An empirical contribution to corporate governance issues

2020 ◽  
Vol 17 (3) ◽  
pp. 4-6
Author(s):  
Áron Perényi ◽  
Simone Terzani
Keyword(s):  
Corporate Governance ◽  
Empirical Evidence ◽  
Financial Institutions ◽  
Business Management ◽  
Corporate Ownership ◽  
And Control ◽  
Empirical Contribution

The new issue of Corporate Ownership and Control journal is composed by 15 articles focussing on a variety of topics in the field. Five papers present empirical evidence from banks and financial institutions, three focus on firm finances, four on governance and responsibility and a further three on the role of technology in terms of contextualising various business management activities.

scholarly journals Editorial: Interdisciplinary approach to corporate governance

2021 ◽  
Vol 18 (3, special issue) ◽  
pp. 220-222
Author(s):  
Andrea Rey
Keyword(s):  
Corporate Governance ◽  
Ownership Structure ◽  
Interdisciplinary Approach ◽  
Research Trend ◽  
Future Research ◽  
Corporate Ownership ◽  
And Gender ◽  
And Control ◽  
A Company

To date, future research trends will certainly concern sustainability and entrepreneurship due to the post-COVID-19 crisis. Studies will focus on the determinants related to corporate governance, such as corporate ownership, or the role of institutional investors, or a company that aims to get public by an IPO as a possible answer to the crisis. A future research trend will surely concern environmental and economic sustainability. Another line of research will concern the protection of biodiversity and gender equality. With the regard to the content of this issue of the Corporate Ownership and Control journal, ownership structure is the most popular issue considered by the authors of the papers.

scholarly journals Ownership structure and corporate governance code: The case of family business enterprises in Germany

2009 ◽  
Vol 6 (4) ◽  
pp. 382-390 ◽  
Author(s):  
Marion Weissenberger-Eibl ◽  
Patrick Spieth
Keyword(s):  
Corporate Governance ◽  
Family Business ◽  
Ownership Structure ◽  
Family Businesses ◽  
Minority Shareholders ◽  
Controlling Shareholders ◽  
Corporate Governance Code ◽  
Business Enterprises ◽  
And Control

Ownership of corporations in Germany is today highly concentrated in the hands of families and other companies. Theses ‘insider’ systems often result in core conflict tends to be between controlling shareholders and sometimes between strong stakeholders and weak minority shareholders. The aim of this paper is to research the characteristics of ownership and control in family business and point out the role of Family Business Governance in securing an appropriate control of the owning families. The authors give suggestions how to implement the German Governance Code recommendations in family businesses.

scholarly journals The Role of Corporate Governance Failure in the Banking Sector

2016 ◽  
Vol 12 (34) ◽  
pp. 68
Author(s):  
Rezart Dibra
Keyword(s):  
Corporate Governance ◽  
Institutional Investors ◽  
Banking Sector ◽  
Global Financial Crisis ◽  
Academic Research ◽  
Vital Role ◽  
Extreme Risk ◽  
Organizational Arrangement ◽  
And Control

Corporate governance is the organizational arrangement by which a company represents and serves the interests of its investors. It encompasses anything from a company’s boards to executive compensation schemes to bankruptcy laws. Generally, the definitions of corporate governance which was found in the literature tend to share certain characteristics. One of this characteristic is the notion of accountability. Corporate governance is the process of supervision and control which intends to ensure that the company’s management acts in accordance with the interests of shareholders (Parkinson, 1994). Corporate governance, the internal policies and leadership that guide the actions of corporations, played a major part in the recent global financial crisis. While much blame has been targeted at compensation arrangements that rewarded extreme risk-taking but did not punish failure, the performance of large, supposedly, sophisticated institutional investors in this crisis have not been examined. Corporate governance has come to the forefront of academic research due to the vital role it plays in the overall health of economic systems. Corporate governance was long ignored as a matter of potential importance for the development of a nation’s economy. This paper, however, expresses some cases in the field of corporate governance, regarding the failure of corporate governance. Institutional investors failed to effectively monitor such volatile investments, ignoring relatively well-established corporate governance principles and best practices. Corporate Governance Failures offers nuanced and realistic proposals to mitigate future financial pitfalls.

scholarly journals Editorial: Corporate governance and ownership: Changing towards an accountable, sustainable, responsible but profitable corporation

2020 ◽  
Vol 18 (1) ◽  
pp. 4-6 ◽  
Author(s):  
Maria João Guedes
Keyword(s):  
Corporate Governance ◽  
Internal Control ◽  
Governance Mechanism ◽  
Corporate Ownership ◽  
Socially Responsible ◽  
Corporate Scandals ◽  
Corporate Governance Mechanism ◽  
And Control ◽  
Poor Management

In recent years, corporate governance has been a popular topic of research, especially in the aftermath of corporate scandals and financial crisis. These events highlighted the effects that weak corporate governance may have in corporations, resulting in poor management decisions and financial performance, and even ending in the collapse of some corporations. This new issue (volume 18, issue 1) of the journal Corporate Ownership and Control contains an interesting selection of articles, with contributions on the role of different types of ownership (e.g., family and state-owned enterprises) and corporate governance mechanism, from internal control to new forms of socially responsible accountability in order to enable the corporations to ensure a commitment to all stakeholders and a safe global environment for the future.

Sign in / Sign up

Export Citation Format

Share Document