Privatization and Corporate Governance: Principles, Evidence, and Future Challenges

Ownership Structure, Legal Protections and Corporate Governance

This paper surveys the issues and devises an analytical framework for policy makers and policy advisors concerned with corporate governance. The framework takes a functional approach, identifying six functions provided by a governance system. The paper highlights the possibilities and limits to governance reform through the adoption of legal protections and the use of ownership structure. I cau...

An Empirical Investigation of the Relation between Corporate Sustainability Performance (CSP) and Corporate Value: Evidence from Iran

This study provides an empirical evidence on how Corporate Sustainability Performance (CSP), is reflected in the corporate value. Using a theoretical framework combining Legitimacy theory, Stakeholder theory and Agency theory, a set of hypotheses that relate the corporate value to CSP is examined. For a sample of Iranian firms, 28 components with four dimensions as Community, Environment, Emplo...

Privatization and Restructuring in East Germany: How the Treuhand dealt with Privatization and Corporate Governance in a Radically Changed Environment

Introducing a Model to Measure the Corporate Governance Index in Usury-Free Banking

Good implementation of corporate governance principles is considered as an important component for stability and soundness of a financial institution. An extensive body of literature has reviewed the effects of corporate governance on the performance of corporations. The majority of these studies have found more corporate values for implementing the principles. Therefore, the assessment of comp...

Public vs . Private Ownership : The current state of the Debate

The Current State of the Debate privatization of infrastructure in many developing countries has spawned new critiques of Mary Shirley privatization. How do theory Patrick Walsh and empirical evidence answer the much-debated questions, Which is more important to performance, competition or private ownership? Are state enterprises more subject to welfare-reducing interventions by government than...