We use director elections to analyze outsider shareholder perspectives of agency problems in family firms. Compared to nonfamily firms, outsider shareholders in family firms provide weaker support for director slates proposed by the firms' nominating committees. Outside shareholder support decreases when ...
The link between dual agency and timing of sales is less clear. These findings are robust to endogeneity bias. Although it appears dual agency does cause some market distortions, our analysis yields little evidence that prohibiting dual agency in real estate will increase welfare....
The state-owned enterprise (SOE) is the most significant business form in China. In the planned economy era, the state employed SOEs to implement economic
Section 1365 of the act states, “Any citizen may sue in his own right—(1) against any person (including (i) the United States and (ii) any other governmental instrumentality or agency to the extent permitted by the eleventh amendment to the Constitution) who is alleged to be in ...
The U.S. Department of State has similarlysanctioneda host of entities, including some related to Rusatom, part of Rosatom, the Russian state atomic energy corporation. What today’s actions means Today’s coordinated inter-agency (and arguably multilateral) effort in the United States reflects a...
“Close the Hole” plan to combat illegal mining, which has reached crisis levels here. A staggering42% unemployment rate in South Africahas led to high levels of chronic poverty, leaving many men withlittle choicebut to clamber down gold shafts closed by some of the world’s biggest mining...
(CRA), a sanctioned government agency whose head, Mohammad Javad Azari-Jahromi, was alsopersonally sanctionedin November 2019 by the U.S. for advancing Iran’s “repressive internet censorship.” This also raises the possibility that Icom radio devices are getting into the ...
The governmental oversight of health care facilities in Shanghai is undertaken by the HSA as a regulatory executive agency, but the same tasks in Hong Kong and Taipei are conducted by the government departments or an authorized regulatory body. Among these three cities, on-site inspections are ...
It is common for Chinese to refer to Chinese diasporas in other countries as Qiaomin or Huaqiao. When foreigners live in China, they can also be called Qiaomin, but most often they are called Waiqiao in order to distinguish them from Chinese diasporas. There are even some writers who ...
and reports. There is a tendency to hide them. Some of them may be due to lack of knowledge, but most of them do it purposely for some reasons, such as some of them may be afraid to be jobless because of automation, some of them may lose unnecessary benefits associated with corruption...