Author: Susan Christine SassalosPublisher:
ISBN:
Category :
Languages : en
Pages : 198
Book Description
Three Essays on Corporate Governance and Control
Author: Susan Christine SassalosPublisher:
ISBN:
Category :
Languages : en
Pages : 198
Book Description
Three Essays on Corporate Governance of Family Firms
Author: Tarek El MasriPublisher:
ISBN:
Category :
Languages : en
Pages : 171
Book Description
This dissertation is comprised of three essays on issues related to the corporate governance of family firms. The first essay explores how owners-managers of family firms conceptualize and define their firms. Understanding the essence of a family firm helps us better understand their governance and behaviour. This essay contributes to the family business literature by presenting the seven most important criteria in identifying a family business (Handler 1989; Shanker & Astrachan 1996), namely: family ownership, control, involvement, succession, long-term vision, founders' legacy, and extended family of employees. The essay also contributes a familiness measurement tool that can be used in future research aiming at better understanding the family firm. The second essay investigates how management control technologies are calibrated in accordance with the sometimes conflicting economic and noneconomic goals resulting from the dual identities of family firms. The results show that family firms calibrate pervasive management control technologies, such as calculative, family-centric or procedural controls to strengthen the business identity and reduce the family identity of their family business. In comparison, the minimal use, or perceived absence, of management control technologies suggest that it accentuates and fosters family identity. Hence, reverting to management control technologies becomes related in a unilateral way to the business identity of the firm, despite the dual control ambition of family firms. The third essay analyzes CEO and TMT compensation practices to identify patterns that can explain the gap between family firms and the pool of external highly qualified executives. The data analysis highlights a connection between the degree of family ownership, the composition of the BOD, and the identity of the CEO. The results also show that family firms rely more heavily on cash-based awards than on equity-based awards as a form of CEO and TMT compensation. Family firms are reluctant to use option-based rewards and the use of share-based awards is also kept at a minimum. Other evidence point towards a role that institutional ownership plays in restructuring the compensation packages of the TMTs at family firms. Keywords: Family Firms, Definition of Family Firms, Family Firm Identity, Management Control Technologies, Corporate Governance, Executive Compensation.
Three essays on corporate governance
Author: Cassandra D. MarshallThree Essays on Corporate Governance and Earnings Management
Author: Nader YounusThree Essays in Corporate Governance
Author: Adam YorePublisher:
ISBN:
Category : Corporate governance
Languages : en
Pages : 270
Book Description
Three essays in corporate governance
Author: Valentina Giulia BrunoPublisher:
ISBN:
Category :
Languages : en
Pages : 338
Book Description
Three Essays in Corporate Governance
Author: James Martin ForjanPublisher:
ISBN:
Category : Corporate governance
Languages : en
Pages : 127
Book Description
Three Essays on Corporate Governance
Author: Michael John FlemingPublisher:
ISBN:
Category : Consolidation and merger of corporations
Languages : en
Pages : 236
Book Description
Three Essays on Corporate Governance
Author: Trang L. N. NguyenThree Essays in Corporate Governance
Author: Dong ChenPublisher:
ISBN:
Category : Boards of directors
Languages : en
Pages : 302
Book Description
This dissertation consists of three related papers on corporate governance, especially corporate board of directors. The focus was put on the examination, both theoretically and empirically, of the two major roles played by boards: monitoring and advising management, and whether and to what extent there is tradeoff between these two roles. I also examine corporate governance on bond ratings and spreads.