Search results for "Demutualization"

showing 1 items of 1 documents

The London Stock Exchange: Strategic Corporate Governance Restructuring After Demutualization

2014

International audience; This study uses the London Stock Exchange (LSE), forced to demutualize due to major changes in its business environment, notably due to increased competition and technological advances, as field experiment to study corporate governance restructuring to adapt to new market conditions. The LSE improved its financial situation after demutualization and is an example of successful corporate governance restructuring. The LSE significantly restructured the composition of its board of directors following demutualization. The number of exchange members on the LSE board decreased after demutualization while the number of independent directors increased, pointing to a more “mo…

[QFIN.GN] Quantitative Finance [q-fin]/General Finance [q-fin.GN]Restructuringmedia_common.quotation_subjectPrincipal–agent problemAccountingIRG_AXE1London Stock ExchangeJEL: G - Financial Economics/G.G2 - Financial Institutions and ServicesJEL: G - Financial Economics/G.G3 - Corporate Finance and GovernanceCompetition (economics)Corporate Governance[ QFIN.GN ] Quantitative Finance [q-fin]/General Finance [q-fin.GN]Stock exchange0502 economics and businessEconomicsJEL : G - Financial Economics/G.G2 - Financial Institutions and ServicesJEL: L - Industrial Organization/L.L1 - Market Structure Firm Strategy and Market PerformanceDemutualization050207 economicsBusiness and International Management[ SHS.GESTION ] Humanities and Social Sciences/Business administrationmedia_common[QFIN.GN]Quantitative Finance [q-fin]/General Finance [q-fin.GN]050208 financebusiness.industryCorporate governance05 social sciencesBusiness StrategyPaymentJEL : G - Financial Economics/G.G3 - Corporate Finance and GovernanceIncentiveJEL : L - Industrial Organization/L.L1 - Market Structure Firm Strategy and Market Performance[SHS.GESTION]Humanities and Social Sciences/Business administrationStrategic management[SHS.GESTION] Humanities and Social Sciences/Business administrationbusiness
researchProduct