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Horizontal shareholdings exist when a common set of investors own significant shares in corporations that are horizontal competitors in a product market. Economic models show that substantial horizontal shareholdings are likely to anticompetitively raise prices when the owned businesses compete...
Persistent link: https://www.econbiz.de/10013004193
wrong in claiming that common shareholders lack incentives to influence corporations to increase portfolio value by …
Persistent link: https://www.econbiz.de/10012849569
The aim of this paper is to measure the relationship between corporate governance and the performance of firms in Nigeria. To achieve this objective, we use Return on equity, Net profit margin, Sales growth, Dividend yield, and Stock prices/values as the key variables that defined the...
Persistent link: https://www.econbiz.de/10013146319
Corporate governance is a recent concept that encompasses the costs caused by managerial misbehavior. Corporate governance is concerned with how organizations in general, and corporations in particular, produce value and how that value is distributed among the members of the corporation, its...
Persistent link: https://www.econbiz.de/10011928257
Corporate governance is a recent concept that encompasses the costs caused by managerial misbehavior. Corporate governance is concerned with how organizations in general, and corporations in particular, produce value and how that value is distributed among the members of the corporation, its...
Persistent link: https://www.econbiz.de/10011931348
This paper considers the incentives faced by investors (financial institutions) to become actively involved in the … shareholding is the level above which a shareholding in a company may be said to have private incentives to activism. This approach …. The results indicate that there are very strong incentives for shareholders to be activist participants in corporate …
Persistent link: https://www.econbiz.de/10005748203
We analyze whether the growing importance of passive investors has influenced the campaigns, tactics, and successes of activists. We find activists are more likely to seek board representation when a larger share of the target company's stock is held by passively managed mutual funds....
Persistent link: https://www.econbiz.de/10012936736
We find that the controlling family holds both the chief executive officer and chair positions in 79% of Norwegian family firms. The family holds more governance positions when it owns large stakes in small, profitable, low-risk firms. This result suggests that the family trades off expected...
Persistent link: https://www.econbiz.de/10012852878
dynamic capabilities are deployed may affect their value. Drawing on agency theory, we propose that corporate governance … propositions about the differential effect of two corporate governance mechanisms-board monitoring and managerial incentives-on the …
Persistent link: https://www.econbiz.de/10012694390
We investigate the connection between corporate governance system configurations and the role of intermediaries in the respective systems from a informational perspective. Building on the economics of information we show that it is meaningful to distinguish between internalisation and...
Persistent link: https://www.econbiz.de/10010263309