Comparison of corporate governance, strategy, control and performance e valuation systems before and after privatization
| Autor: | Ramón Valle-Cabrera, Gloria Cuevas-Rodríguez, Jaime Guerrero-Villegas |
|---|---|
| Jazyk: | Catalan; Valencian |
| Rok vydání: | 2016 |
| Předmět: |
H1-99
Firm strategy Evaluation system Corporate governance business.industry 05 social sciences Accounting General Medicine privatization board of directors strategy control system performance evaluation system Social sciences (General) Corporate level 0502 economics and business Business 050207 economics 050205 econometrics Valuation (finance) |
| Zdroj: | Revista Internacional de Organizaciones, Iss 16 (2016) Revista Internacional de Organizaciones = International Journal of Organizations; Núm. 16 (2016); p. 99-125 oai:raco.cat:article/314507 Repositori Institucional de la Universitat Rovira i Virgili Universitat Rovira i virgili (URV) |
| ISSN: | 1886-4171 2013-570X |
| Popis: | The aim of this paper is compare corporate governance and firm strategy before and after privatization. The design of control and performance evaluation systems in the pre and post-privatization periods is compared so that it can be understood in relation to the changes observed at a high corporate level (corporate governance and firm strategy). We carry out various case studies on five privatized Spanish companies. The results support several conclusions. First, the variables that are traditionally related to greater board independence in monitoring do not undergo variation after privatization. Second, the interests of the firms’ new ownership have an impact on firm strategy after privatization. Finally, control and performance evaluation system designs clearly align with firm strategy after privatization. |
| Databáze: | OpenAIRE |
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