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Ownership, Control and Corporate Performance after Large-Scale Privatization
Hanousek, Jan; Kocenda, Evzen; Svejnar, Jan - EconWPA - 2004
We analyze the effects of ownership type and concentration on performance of a population of firms in a model large … private ownership improve dynamic post-privatization performance. Concentrated foreign (but not domestic) ownership improves … some measures of performance relative to state ownership. Foreign investors engage in strategic restructuring by increasing …
Persistent link: https://www.econbiz.de/10005135012
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Corporate Governance as an instrument of change state owned Corporate Governance as an instrument of change state owned companies: The case of the Hellenic Telecommunications Organ...
Spanos, Loukas; Papoulias, Demetrios - EconWPA - 2005
This paper analyses the evolution of Corporate Governance (CG) mechanisms and organizational changes of the Hellenic Telecommunication Organization (HTO) and has two objectives: to enrich the debate and to contribute to the increasing body of literature by examining and analyzing the...
Persistent link: https://www.econbiz.de/10005561676
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Privatization, Corporate Control and Regulatory Reform: The case of Telefonica
Bel, Germa; Trillas, Francesc - EconWPA - 2004
were designed to promote a disperse ownership and give managers a high level of discretion in running the company. By this … existence of collusion between politicians and managers. We interpret the political interference with the firm’s control (a well …
Persistent link: https://www.econbiz.de/10005413213
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Innovation and Business Growth through Corporate Venturing in Latin America: Analysis of Strategic Fit
Rajagopal - EconWPA - 2005
Corporate venturing as a strategy for international business development has become significant in view of the process of globalization resulting into the free trade and business development opportunities for multinational companies. This study is based on empirical investigation through...
Persistent link: https://www.econbiz.de/10005076887
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What’s Common to Relationship Banking and Relationship Investing? Reflections within the Contractual Theory of the Firm
Neuberger, Doris - EconWPA - 2005
complements rather than substitutes to finance and control firms with different redeployability and information opaqueness of …
Persistent link: https://www.econbiz.de/10005134639
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What’s Common to Relationship Banking and Relationship Investing? Reflections within the Contractual Theory of the Firm
Neuberger, Doris - EconWPA - 2005
advantages depend on two kinds of asset specificity. They are complements to finance and control firms with different …
Persistent link: https://www.econbiz.de/10005134668
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What’s Common to Relationship Banking and Relationship Investing? Reflections within the Contractual Theory of the Firm
Neuberger, Doris - EconWPA - 2005
advantages depend on two kinds of asset specificity. They are complements to finance and control firms with different …
Persistent link: https://www.econbiz.de/10005134829
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Financial Conditions and Investment during the Transition: Evidence from Czech Firms
Lizal, Lubomir; Svejnar, Jan - EconWPA - 2001
models of investment and test if investment behavior varies across categories of ownership and with the legal status of firms … ownership-legal form categories of firms. Retained profit is found to be a major determinant of new investment and the estimate … owned-limited liability companies and foreign owned and mixed ownership firms. These results are consistent with the …
Persistent link: https://www.econbiz.de/10005407697
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Does Ownership Structure Influence Firm Value? Evidence from India
Kumar, Jayesh - EconWPA - 2004
This paper examines the effect of ownership structure on the firm performance for an unbalanced panel of 2478 Indian … managerial ownership on firm performance. Using panel data framework, we show that a large fraction of cross- sectional variation … unobserved firm heterogeneity. We also find that the equity ownership by foreign and corporate shareholders do not influence firm …
Persistent link: https://www.econbiz.de/10005134786
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The Transfer of Control in British and German IPOs
Goergen, Marc - EconWPA - 1998
This paper analyses the evolution of ownership and control in German and UK IPOs. In a first stage we try to explain … with UK IPOs to obtain a first sample and matched by industry to obtain a second sample. Ownership and control for both … matched samples evolves in a different way. An empirical model based on recent theories of ownership is specified, which …
Persistent link: https://www.econbiz.de/10005134798