Titlebook: Entrepreneurship, Finance, Governance and Ethics; Robert Cressy,Douglas Cumming,Chris Mallin Book 2013 Springer Science + Business Media D

Outwit

BOGUS

漂白

绑架

小故事

DUCE

Voluntary and Mandatory Skin in the Game: Understanding Outside Directors’ Stock Holdingse performance; this is consistent with the theory that ownership requirements reflect optimal ownership levels. By contrast, voluntary holdings are positively and significantly related to future performance, suggesting that they perform an incentivizing role for management.

myriad

拍翅

不成比例

Johannes Glückler,Ingmar Hammers and duties is needed and analyzes the equilibrium developed in two legal systems: the US common-law system and the French civil law system. Whereas controlling shareholders seem to be assigned more duties in France than in the US, enforcement rules and case laws mitigate this fact.

FLING

Organisation der Unternehmensplanung, frauds on investors and stakeholders wealth and tried to identify channels and tools to early detect frauds and therefore reduce the loss in social welfare. This chapter provides a comprehensive view on the state of the current research on these issues and provides suggestions for future research.