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We investigate whether corporations and their executives react to an exogenous change in passive institutional ownership and alter their corporate governance structure. We find that exogenous increases in passive ownership lead to increases in CEO power an ...
The paper discusses from a conceptual standpoint the need for renewing the lenses through which looking at the phenomenon of ICT-enabled innovation in governance and policy-making, suggesting that a possible ‘new theory of public sector innovation ́ should ...
The concept of governance is generally understood to be the creation of a structure or an order that results from the interaction of a multiplicity of governing mechanisms and actors influencing each other. The notion is increasingly criticized mainly beca ...
The IRGC Guidelines for Emerging Risk Governance describe key steps and associated methodologies for early identification and management of emerging risks. The process proposed in this report covers an overarching, flexible and adaptable set of guidelines ...
This appendix to IRGC's main report "guidelines for emerging risk governance" provides (a) a review of existing framework for the governance of emerging risks and (b) a review of theoretical foundations of IRGC's guidelines. ...
Italy is a multi-level polity where policymaking and implementation involves both public and private actors. Both territorial and functional decentralisation have an impact on the final results of policy making. In fact, territorial decentralisation implie ...
We study changes in chief executive officer (CEO) contracts when firms transition from public ownership with dispersed owners to private ownership with strong principals in the form of private equity sponsors. The most significant changes are that a signif ...
The public sector in Western Europe has experienced a shift from state-centric public governance to private and public-private governance since the end of the twentieth century. Debates in the political sciences have focused on whether a „higher‟ level of ...
We study changes in chief executive officer (CEO) contracts when firms transition from public ownership with dispersed owners to private ownership with strong principals in the form of private equity sponsors. The most significant changes are that a signif ...
The paper considers the impact of multiple shareholder-oriented governance practices on R&D decisions. Based on a sample of 5,528 firms belonging to 110 large French listed business groups, our results substantiate the idea that shareholder-oriented govern ...
