This paper uses the second-generation antitakeover legislation as a natural experiment to understand corporate governance in‡uence on managerial decisions, speci…cally by examining in‡uences on …rms’liquidity choices between cash and loan commitments. These choices di¤er primarily in the allocation of ex-post control rights of …rms’liquidity reserves, which may lead to disagreement among stakeh...

Over the past few decades, good governance has become an important issue in public administration. One key reason behind this reality is the paramount role of government in promoting sustainable development and protecting the environment. Therefore, evaluating the impact of good governance on the quality of the environment could be taken into consideration by both economic researchers and polic...

This study aims at identifying the critical governance issues of e-government procurement auction. A survey approach was conducted with Thai government officers who are involved in e-government procurement. Data is collected from at least two respondents from purchasing personnel. At least one of the respondents is in a managerial position. The results show that there are five concerns that hav...

This paper examines the effects of Information Technology (IT) on the governance structure of vertically−related firms that are applying IT in search of competitive advantage via superior efficiency. By adopting transaction costs and resource−based perspectives on IT and governance, this paper examines how different types of IT systems change the boundary of the firm. It is proposed that a high...

The present study aims to assess the relationship between some corporate factors and managerial entrenchment in companies listed on the Tehran Stock Exchange during 2011-2017. Panel data regression models were used to test the hypotheses. The obtained results indicated that four corporate factors, namely real earnings management, predictable earnings management, institutional ownership, and boa...