Topic
Corporate group
About: Corporate group is a research topic. Over the lifetime, 1747 publications have been published within this topic receiving 46868 citations.
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TL;DR: In this paper, the authors examined how the corporate governance boundary affects corporate investment efficiency and found that the expansion of the corporal governance boundary has a negative effect on investment efficiency in Chinese listed companies.
Abstract: This article examines how the corporate governance boundary affects corporate investment efficiency. The empirical results based on Chinese listed companies suggest that the expansion of the corpor...
17 citations
01 Jan 2011
TL;DR: In this paper, the authors investigated whether corporate governance implementation is associated with ownership structure and found significant positive association between CGI score and government ownership and negative associations between the score and family ownership and institutional ownership.
Abstract: This paper investigates whether corporate governanceimplementationisassociatedwithownership structure.Using publicly traded firms in Indonesia, I regress different ownership variables on a corporate governance index (CGI) as my proxy for corporate governance implementation.I use family ownership, business group membership, institutional ownership, government ownership, and foreign ownershipfor ownership structure variables in the regression.I also run sensitivity tests to examine if the results are sensitive to how I measure the CGI. After controlling for variables that affect corporate governance, I find significant positive association between CGI score and government ownership and negative associations between the score and family ownership and institutional ownership. However, I do not find significant association between CGI score and foreign ownership or firms that are members of business groups. My findings suggest thatfirms with higher family ownershipor institutional ownershiptend to implement lower governance. This may indicate that majority family and institutional owners may have objectives that are negatively affected by good corporate governance practices and therefore, they choose not to implement them. Positive association betweengovernment ownership and corporate governance implementation suggests that the government is consistent with its efforts in promoting corporate governance among public firms in order to protect public interests.
17 citations
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04 Jan 1995TL;DR: In this article, the authors present a survey on the Harmonization Programme within Europe and business organizations within the EU. But their focus is on the management and control of companies under national law.
Abstract: Preface. Table of Contents. Abbreviations. 1. Introduction. 2. Business Organisations within the EU. 3. The Harmonisation Programme within Europe. 4. Business Organisations under EU Law. 5. Formation and Financing of Companies. 6. Management and Control of Companies under National Law. 7. Employee Involvement. 8. Cross-border Cooperation and Acquisitions. 9. Annual Accounts. 10. Groups. Selected Bibliography. Index.
17 citations
TL;DR: In this paper, the authors examine whether directors' duties, as they are typically presented in Anglo-American corporations law, remain appropriate and relevant given recent corporate governance developments and trends in global product and capital markets.
Abstract: Purpose – This paper aims to examine whether directors duties, as they are typically presented in Anglo‐American corporations law, remain appropriate and relevant given recent corporate governance developments and trends in global product and capital markets.Design/methodology/approach – The paper employs a comparative approach, examining aspects of corporate governance developments in the UK, the US and Australia.Findings – The paper finds that product and capital markets are increasingly placing a premium on good corporate social responsibility and hence, Anglo‐American corporations law should be reformed to clarify directors' capacity to address broader stakeholder concerns.Originality/value – The paper provides a comprehensive summary of important currents in contemporary corporate governance and provides a market‐driven justification for changing corporations law.
17 citations
TL;DR: In this article, the authors provide evidence for the combined value impacts of corporate multinationality and business group affiliation, incorporating the effect of endogeneity of diversification decisions, and show that the multinationality premium is negatively associated with both keiretsu membership and main bank ownership of group firms.
17 citations