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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
sustainability; and yet the lack of clear definitions has left a vacuum of corporate guidance. Corporate Social Responsibility (CSR … existing market realities. By separating social responsiveness (social compliance) from social responsibility (CSR), it … regulatory institutions is emphasized. It is argued that experimenting with unfocused CSR often is a zero-sum game for society …
Persistent link: https://www.econbiz.de/10005062681
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
The upgrading of the Greek capital market and the effort to join other mature capital markets has posed corporate governance reform as a first priority. In addition, the 2004 Olympic Games put the Greek market in the international spotlight and will likely invite interest from foreign investors....
Persistent link: https://www.econbiz.de/10005561586
show that the capital structure of the firm is non-linearly linked to its corporate governance mechanisms (ownership … ownership or with low institutional ownership tend to have lower debt level. We do not find any significant relationship between … ownership of directors and corporate with the firm financing in India. Overall, the findings presented in the paper provide …
Persistent link: https://www.econbiz.de/10005134838
with the help of firm’s financial structure, investments opportunities, dividend history, earnings trend, and the ownership … negatively associated, whereas past investment opportunities exert a positive impact on dividends. Ownership by the corporate and … directors is positively related with dividends payout in level, and corporate ownership is negatively related in square …
Persistent link: https://www.econbiz.de/10005413214
manager shareholder called Cronyman in our analysis. Evidently family ownership could mitigate some of these moral hazard …Despite the seminal work of Claessens et al. (2002), who highlighted the role of ownership structure on firm … performance in East Asia, the relationship between capital structure and ownership remains much unexplored. This is important …
Persistent link: https://www.econbiz.de/10005076974
is also a controlling owner. There is evidence that family ownership could mitigate the problem of moral hazard though it …Despite the seminal work of Claessens et al. (2002), role of ownership structure on capital structure and firm … relationships. Our empirical results in essence depend on whether a firm is run by a family and also whether there is a manager who …
Persistent link: https://www.econbiz.de/10005076997
most similar studies in two respects. Firstly, it focuses on mixed ownership companies rather than conventional state … possible implications for company performance. Econometric analysis shows that companies with state ownership generally perform … wants to keep an ownership stake in a company, reliable control structures must be created. Finally, the issue of golden …
Persistent link: https://www.econbiz.de/10005126260
Family businesses carry the weight of economic wealth creation in most economies. In the U.S. alone, family businesses … GNP. In many ways, the family business is synonymous with the entrepreneurial organization as many were started as a means … to provide for the financial well being of the founder's family. Founders who went on to build family empires started …
Persistent link: https://www.econbiz.de/10005412922