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Begriffliche und theoretische Grundlagen -- Unterschiede zwischen Familien- und Publikumsgesellschaften -- Bedeutung von Familien- und Publikumsgesellschaften im internationalen Kontext -- Zusammenfassung und Ausblick.
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corporation and the state, while corporate theory in the context of corporate law is about the relationship between directors and … shareholders, and thus the distribution of power within the corporation. One set of theories is largely independent of the other … Modern Corporation and Private Property". What difference does it make? Constitutional law is about power within politics …
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We quantify agency conflicts induced by the separation of ownership and control in large public firms by means of structural estimation. We use a simulated method of moments estimator (SMM) to back out the structural parameters of a q-theoretic dynamic agency model of firms from observed...
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"Large shareholders may play an important role for firm performance and policies, but identifying this empirically presents a challenge due to the endogeneity of ownership structures. We develop and test an empirical framework which allows us to separate selection from treatment effects of large...
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This paper uses data on publicly listed companies in Jordan to evaluate corporate vulnerability and perform corporate stress testing. The exercise finds that both earnings and interest rate shocks have significant impact on corporate vulnerability. Because different banks have different sector...
Persistent link: https://www.econbiz.de/10011394796
It is commonly believed that stock prices help firms' managers make more efficient real investment decisions, because they aggregate information about fundamentals that is not otherwise known to managers. This paper identifies a limitation to this view. It shows that if informed traders...
Persistent link: https://www.econbiz.de/10011396276