Corporate Governance and Firm Performance in New Technology Ventures
نویسندگان
چکیده
منابع مشابه
Corporate governance and firm performance
Available online 4 April 2008 How is corporate governance measured? What is the relationship between corporate governance and performance? This paper sheds light on these questions while taking into account the endogeneity of the relationships among corporate governance, corporate performance, corporate capital structure, and corporate ownership structure. We make three additional contributions...
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Tosi and Gomez-Mejia, (1989) suggest that the challenge of corporate governance is to set up supervisory and incentive alignment mechanisms that alter the risk and effort orientation of agents to align them with the interests of principals. Therefore, the objective of this study is to determine the efficiency of monitoring and incentive contracts given certain characteristics of the firm. That ...
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Established firms often face significant obstacles to innovation. As a solution, it has been suggested to form corporate ventures. Based on a sample of corporate and independent ventures in German manufacturing, we show that corporate ventures are more innovative than the control group of independent ventures. In particular, corporate ventures are more successful at developing radical innovatio...
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We investigate whether accounting discretion is (i) abused by opportunistic managers who exploit lax governance structures, or (ii) used by managers in a manner consistent with efficient contracting and shareholder value-maximization. Prior research documents an association between accounting discretion and poor governance quality and concludes that such evidence is consistent with abuse of the...
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How do managers make their decisions with regard to adjustment and deployment of information technology (IT) over time? Motivated by this complex dynamics, we draw on behavioral theory of the firm and theorize a bounded rational process of managerial decision making for IT investment. In particular, we explain the dynamic adjustment of IT investment by bounded rational managers’ pursuing of sat...
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ژورنال
عنوان ژورنال: Procedia Economics and Finance
سال: 2016
ISSN: 2212-5671
DOI: 10.1016/s2212-5671(16)30342-2