Ownership and Control: Rethinking Corporate Governance for the Twenty-First Century By Margaret M. Blair

Sharpe, Marina

doi:10.1080/05775132.1996.11471895

Cited by 23 publications

(21 citation statements)

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“…In [19], the authors give the principles of best practice of corporate governance and show that these principles are congregating worldwide and each country only differentiates itself in applying corporate governance. Also, it shows who controls them, how the control is exercised and how the risk and returns from the activities they undertake are allocated [20].…”

Section: Corporate Governance and Its Relationship With Credit Ratingsmentioning

confidence: 99%

A novel investigation of the influence of corporate governance on firms’ credit ratings

et al. 2021

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Corporate governance is the way of governing a firm in order to increase its accountability and to avoid any massive damage before it occurs. The aim of this paper is to investigate the impact of capital structure, firms’ size, and competitive advantages of firms as control variables on credit ratings. We investigate the role of corporate governance in improving the firms’ credit rating using a sample of Jordanian listed firms. We split firms into four categories according to WVB credit rating. We use both the binary logistic regression (LR) and the ordinal logistic regression (OLR) to model credit ratings in Jordanian environment. The empirical results show that the control variables are strong determinants of credit ratings. When we evaluate the relationship between the governance variables and credit ratings, we found interesting results. The board stockholders and board expertise are moderately significant. The board independence and role duality are weakly significant, while board size is insignificant.

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Section: Corporate Governance and Its Relationship With Credit Ratingsmentioning

confidence: 99%

A novel investigation of the influence of corporate governance on firms’ credit ratings

et al. 2021

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“…The upshot is that employees too can be conceptualized as residual claimants worthy of board representation. 11 Most proposals for democratizing the corporation focus on board selection, composition, and structure. Recognizing that the board is the main governing body in the corporation, that the board is not an agent of shareholders, that board members need not be shareholders, and that employees can be investors and residual claimants, they argue that a key step in democratizing corporate governance is to ensure that employees have real and substantial representation on the board.…”

Section: The Legal Nature Of the Corporationmentioning

confidence: 99%

Prospects for Democratizing the Corporation in US Law

Freeland

2023

Politics & Society

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This essay examines the prospects for democratizing corporations in the context of US corporate law. US corporate law is “enabling”—it provides enormous latitude to design and alter the rules of corporate governance in almost any way participants see fit. This creates greater room for democratization than is often recognized; at least in principle, there is plenty of room to add employees or other constituencies to corporate boards. Yet board decisions are deeply constrained both by directors’ fiduciary duties and by the values and assumptions underlying US corporate law, all of which are strongly biased toward shareholder primacy. These create ongoing ideological and material barriers in both corporate law and supporting institutions that serve as strong obstacles to democratization.

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“…On the one hand, according to the stakeholder theory, stakeholders play a crucial role in the green development of enterprises (Freeman, 1984). They participate in corporate governance through formal or informal means to influence corporate decisions and goals (Freeman & Evan, 1990; Sharpe, 1996). The government is an important and special stakeholder that exerts pressure on corporate environmental protection behavior (Henriques & Sadorsky, 1999).…”

Section: Research Hypothesismentioning

confidence: 99%

Energy Conservation or Emission Reduction? The Effects of Different Types of Environmental Regulations on Enterprises’ Green Innovation Preference

Wang

Sun

et al. 2022

Sage Open

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Previous research on green innovation sought to comprehend the antecedents and outcomes of environmental regulations. However, how these antecedents translate into outcomes may vary depending on different types of environmental regulations, such as environmental subsidies and pollution charges. We propose and test the effects of different environmental regulations on enterprises’ green innovation preferences. Moreover, we analyze how ownership type moderates the observed effects. The fundamental results reveal that: (1) Environmental subsidies and pollution charges positively affect energy conservation innovation. (2) Environmental subsidies and pollution charges positively affect emission reduction innovation. (3) Pollution charges are not as effective as environmental subsidies in promoting energy conservation innovation. However, pollution charges have a greater implementation effect than environmental subsidies in encouraging emission reduction innovation. (4) The types of enterprise ownership only play a positive moderating role in the relationship between pollution charges and emission reduction innovation. Accordingly, this paper provides auxiliary decision-making for the government to motivate the energy conservation and emission reduction of enterprises.

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Ownership and Control: Rethinking Corporate Governance for the Twenty-First Century By Margaret M. Blair

Cited by 23 publications

References 0 publications

A novel investigation of the influence of corporate governance on firms’ credit ratings

A novel investigation of the influence of corporate governance on firms’ credit ratings

Prospects for Democratizing the Corporation in US Law

Energy Conservation or Emission Reduction? The Effects of Different Types of Environmental Regulations on Enterprises’ Green Innovation Preference

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