References of "Managerial and Decision Economics"
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See detailManagerial style in cost asymmetry and shareholder value
Lopatta, Kerstin; Kaspereit, Thomas UL; Gastone, Laura

in Managerial and Decision Economics (2020), 41(5), 800-826

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See detailShareholder value implications of compliance with the German Corporate Governance Code
Kaspereit, Thomas UL; Lopatta, Kerstin UL; Onnen, Dennis

in Managerial and Decision Economics (2017), 38(2), 166-177

This study contributes to the ongoing discussion of the German Corporate Governance Code (GCGC) of the Regierungskommission Deutscher Corporate Governance Kodex (Government Commission), which should ... [more ▼]

This study contributes to the ongoing discussion of the German Corporate Governance Code (GCGC) of the Regierungskommission Deutscher Corporate Governance Kodex (Government Commission), which should enhance the confidence of national and international investors. We apply the Feltham and Ohlson (1995) valuation model to a panel dataset of 421 German CDAX firms over the period 2002–2012 and find a positive effect of the level of compliance with the GCGC on the market value of firms. We conclude that the recommendations of the GCGC reflect corporate governance that satisfies investors' needs, as the capital markets perceive them. Our results are in favor of the efforts of the Government Commission, which have attracted criticism from both theorists and practitioners both in the past and at present. From the perspective of managerial and decision economics, the empirical results of this study suggest that executives should follow as many recommendations of the GCGC as possible. [less ▲]

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See detailOwnership Concentration, Institutional Development and Firm Performance in Central and Eastern Europe
Balsmeier, Benjamin UL; Czarnitzki, Dirk

in Managerial and Decision Economics (2017), 38

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See detailExecutive Turnover and Outside Directors on Two-Tiered Boards
Balsmeier, Benjamin UL; Buchwald, Achim; Dilger, Alexander

in Managerial and Decision Economics (2015), 36

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