Culture Agency Costs And Governance
Download Culture Agency Costs And Governance full books in PDF, epub, and Kindle. Read online free Culture Agency Costs And Governance ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Author | : Michael McDonald |
Publisher | : |
Total Pages | : |
Release | : 2017 |
Genre | : |
ISBN | : |
We examine the impact of two defining social characteristics (individualism and risk aversion) and their interaction with governance and firm agency problems on capital structure in the G20 countries. With a sample of roughly 13,000 firms from 1995 to 2009, we show that higher levels of individualism are associated with increased firm use of debt and lower cost of capital, whereas higher risk aversion has the opposite effects. All else equal, better firm-level governance substantially reduces these cultural effects, as does larger firm size, and less research-intensity at the firm. To address endogeneity concerns, we use a propensity score matching procedure and show that our results continue to hold. Our results are also robust to alternative measures of culture, firm-level governance and agency costs, debt cost of capital, bankruptcy risk, identification concerns, and other country level effects.
Author | : Vijit Singh Chahar |
Publisher | : |
Total Pages | : |
Release | : 2017 |
Genre | : |
ISBN | : |
Author | : Carsten Herrmann-Pillath |
Publisher | : Taylor & Francis |
Total Pages | : 625 |
Release | : 2016-10-04 |
Genre | : Social Science |
ISBN | : 1134651023 |
China's spectacular rise challenges established economic moulds, both at the national level, with the concept of "state capitalism", and at the firm level, with the notion of indigenous "Chinese management practices". However, both Chinese and Western observers emphasise the transitional nature of the reforms, thereby leaving open the question as to whether China's reform process is really a fast catch-up process, with ultimate convergence to global standards, or something different. This book, by a leading economist and sinologist, argues that "culture" is an exceptionally useful tool to help understand fully the current picture of the Chinese economy. Drawing on a range of disciplines including social psychology, cognitive sciences, institutional economics and Chinese studies, the book examines long-run path dependencies and cultural legacies, and shows how these contribute crucially to the current cultural construction of economic systems, business organisations and patterns of embedding the economy into society and politics.
Author | : David Larcker |
Publisher | : FT Press |
Total Pages | : 497 |
Release | : 2011-04-14 |
Genre | : Business & Economics |
ISBN | : 0132367076 |
Corporate Governance Matters gives corporate board members, officers, directors, and other stakeholders the full spectrum of knowledge they need to implement and sustain superior governance. Authored by two leading experts, this comprehensive reference thoroughly addresses every component of governance. The authors carefully synthesize current academic and professional research, summarizing what is known, what is unknown, and where the evidence remains inconclusive. Along the way, they illuminate many key topics overlooked in previous books on the subject. Coverage includes: International corporate governance. Compensation, equity ownership, incentives, and the labor market for CEOs. Optimal board structure, tradeoffs, and consequences. Governance, organizational strategy, business models, and risk management. Succession planning. Financial reporting and external audit. The market for corporate control. Roles of institutional and activist shareholders. Governance ratings. The authors offer models and frameworks demonstrating how the components of governance fit together, with concrete examples illustrating key points. Throughout, their balanced approach is focused strictly on two goals: to “get the story straight,” and to provide useful tools for making better, more informed decisions.
Author | : Jens Forssbaeck |
Publisher | : Oxford University Press |
Total Pages | : 619 |
Release | : 2014-09-01 |
Genre | : Political Science |
ISBN | : 0199917701 |
In recent years, the term 'transparency' has emerged as one of the most popular and keenly-touted concepts around. In the economic-political debate, the principle of transparency is often advocated as a prerequisite for accountability, legitimacy, policy efficiency, and good governance, as well as a universal remedy against corruption, corporate and political scandals, financial crises, and a host of other problems. But transparency is more than a mere catch-phrase. Increased transparency is a bearing ideal behind regulatory reform in many areas, including financial reporting and banking regulation. Individual governments as well as multilateral bodies have launched broad-based initiatives to enhance transparency in both economic and other policy domains. Parallel to these developments, the concept of transparency has seeped its way into academic research in a wide range of social science disciplines, including the economic sciences. This increased importance of transparency in economics and business studies has called for a reference work that surveys existing research on transparency and explores its meaning and significance in different areas. The Oxford Handbook of Economic and Institutional Transparency is such a reference. Comprised of authoritative yet accessible contributions by leading scholars, this Handbook addresses questions such as: What is transparency? What is the rationale for transparency? What are the determinants and the effects of transparency? And is transparency always beneficial, or can it also be detrimental (if so, when)? The chapters are presented in three sections that correspond to three broad themes. The first section addresses transparency in different areas of economic policy. The second section covers institutional transparency and explores the role of transparency in market integration and regulation. Finally, the third section focuses on corporate transparency. Taken together, this volume offers an up-to-date account of existing work on and approaches to transparency in economic research, discusses open questions, and provides guidance for future research, all from a blend of disciplinary perspectives.
Author | : Güler Aras |
Publisher | : SRRNet |
Total Pages | : 249 |
Release | : 2008 |
Genre | : Corporate governance |
ISBN | : 0955157714 |
Author | : Vijit Singh Chahari |
Publisher | : |
Total Pages | : 277 |
Release | : 2014 |
Genre | : |
ISBN | : |
Author | : Paola Dubini |
Publisher | : EGEA spa |
Total Pages | : 346 |
Release | : 2020-03-27T00:00:00+01:00 |
Genre | : Business & Economics |
ISBN | : 8823818478 |
What are the specific characteristics of organizations that operate in cultural sectors? What are the challenges facing their managers? Cultural organizations play a crucial role in the contemporary society, thus, they need to respond to expectations of multiple private and public actors and, moreover, they have specific characteristics. For these reasons, it is not possible to apply managerial practices tested in other situations, but it is necessary to carefully recognize their social and cultural peculiarities. Therefore, this book aims at providing an overall view of the managerial issues and conditions to be met for a business to be well-managed, and subsequently reflecting on how it is possible to apply them to the world of art and culture.
Author | : Gerard Caprio |
Publisher | : Academic Press |
Total Pages | : 635 |
Release | : 2012-11-27 |
Genre | : Business & Economics |
ISBN | : 0123978734 |
This title begins its description of how we created a financially-intergrated world by first examining the history of financial globalization, from Roman practices and Ottoman finance to Chinese standards, the beginnings of corporate practices, and the advent of efforts to safeguard financial stability.
Author | : Jeffrey Neil Gordon |
Publisher | : Oxford University Press |
Total Pages | : 1217 |
Release | : 2018 |
Genre | : Business & Economics |
ISBN | : 0198743688 |
Corporate law and governance are at the forefront of regulatory activities worldwide, and subject to increasing public attention in the wake of the Global Financial Crisis. Comprehensively referencing the key debates, the Handbook provides a much-needed framework for understanding the aims and methods of legal research in the field.