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Control or invest? Understanding the complex interests of managerial ownership

Article Abstract:

The effect of managerial ownership on corporate performance is studied with the use of three-stage-least method and simultaneous equation model. Findings of the study showed that better firm performance under a diffused ownership structure may prompt management to hold more stocks, while management with mid-range stockholdings has a positive effect on firm performance but not vice versa.

Author: Chou, Shuching, Wu, Chinshun, Chen, Anlin
Publisher: Robert Gordon University
Publication Name: Studies in Economics and Finance
Subject: Economics
ISSN: 1086-7376
Year: 2007
Taiwan, Management dynamics, Management, Stocks, Company business management

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Corruption around the world: evidence from a structural model

Article Abstract:

Data related with corruption in roughly 100 countries from 1976-1997 were used in a structural model to develop a new index for corruption. A corruption index that focuses on the actual causes and indicators of corruption is more reliable than perception-based index. The trends in corruption are investigated.

Author: McCorriston, Steve, Kotsogiannis, Christos, Dreher, Axel
Publisher: Academic Press, Inc.
Publication Name: Journal of Comparative Economics
Subject: Economics
ISSN: 0147-5967
Year: 2007
Models, Measurement, Causes of, Corruption

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Innovation in corporate law

Article Abstract:

An analysis of a country's capacity to innovate using the rate of statutory legal change, flexibility of corporate law and institutional changes is presented. This analysis shows that original countries are more innovative than transplant countries.

Author: West, Mark D., Pistor, Katharina, Keinan, Yoram, Kleinheisterkamp, Jan
Publisher: Academic Press, Inc.
Publication Name: Journal of Comparative Economics
Subject: Economics
ISSN: 0147-5967
Year: 2003
Interpretation and construction, Corporation law

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Subjects list: Analysis, Corporate governance, Report, United States
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