53 research outputs found
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The evolution and strategic positioning of private equity firms
Local vs. non-local institutional embeddedness, corporate entrepreneurship, and firm performance in a transitional economy
Theoretical Approach to Define Emerging Markets and Emerging Market Global Companies: Double Triangle Model
The Influence of Top Management Team Leadership on Corporate Refocusing: A Theoretical Framework
Executive Incentive Schemes in Initial Public Offerings: The Effects of Multiple-Agency Conflicts and Corporate Governance
Combining a behavioral agency perspective with research on multiple-agency conflicts, this article examines factors affecting the implementation of equity-based incentive schemes in initial public offerings (IPOs). With a unique sample of U.K. IPO companies between the years 1998 and 2002, it shows that conditional (performance-related) incentive schemes are negatively associated with share ownership and board power of the IPOās founding directors. However, the retained ownership of venture capital firms is positively associated with the probability of conditional incentive schemes. Board independence weakly effects on the toughness of executive compensation. The articleās interesting findings suggest a number of avenues for a future analysis of the governance development process in threshold firms
Exploration, learning, and environmental selection: Antecedents of subsidiary divestitures in Korean business groups
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