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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 corporate firms from 1994 to 2000. We examine the effect of interactions between corporate, foreign, institutional, and managerial ownership on firm performance. Using panel data...

Persistent link: https://www.econbiz.de/10005134786

Corporate Governance Mechanisms and Firm Financing in India

Kumar, Jayesh - EconWPA - 2005

This study investigates the firm financing patterns in India and the role of corporate governance mechanisms. We use firm-level time series data of nearly 2000 listed companies from 1994 through 2000, to analyze the firm’s corporate financing behavior in connection with its corporate...

Persistent link: https://www.econbiz.de/10005134838

Corporate Governance and Dividends Payout in India

Kumar, Jayesh - EconWPA - 2004

This paper investigates the association between the corporate governance and the dividends payout policy for a panel of Indian corporate firms over the period 1994-2000. We explain the differences in the dividend payout behavior of the firms with the help of firm’s financial structure,...

Persistent link: https://www.econbiz.de/10005413214

Corporate Governance: Securities Market in Moldova

Fadeeva, Natalia - EconWPA - 2004

This paper offers analysis of corporate governance issues behind stock market performance (stock returns and activity) in Moldova - one of the Central and Eastern European (CEE) countries. Born during the years of mass privatization, securities market of Moldova enjoyed the support for the...

Persistent link: https://www.econbiz.de/10005134942

Far From Home: Do Foreign Investors Import Higher Standards of Governance in Transition Economies?

Hellman, Joel S.; Jones, Geraint; Kaufmann, Daniel - EconWPA - 2003

and performance of firms, we find that: i) corruption reduces FDI inflows and attracts lower quality investment in terms … of governance standards; ii) in misgoverned settings, FDI firms may magnify the problems of state capture and procurement … kickbacks, while paying a lower overall bribe burden than domestic firms; iii) FDI firms undertake those forms of corruption …

Persistent link: https://www.econbiz.de/10005407674

How Ownership Structure Affects Capital Structure and Firm Performance? Recent Evidence from East Asia

Driffield, Nigel; Mahambare, Vidya; Pal, Sarmistha - EconWPA - 2005

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, given recent empirical and theoretical work linking capital...

Persistent link: https://www.econbiz.de/10005076974

How Ownership Structure Affects Capital Structure and Firm Performance? Recent Evidence from East Asia

Driffield, Nigel; Mahambare, Vidya; Pal, Sarmistha - EconWPA - 2005

Despite the seminal work of Claessens et al. (2002), role of ownership structure on capital structure and firm performance in East Asian corporattions remains much unexplored. Within the framework of Bajaj et al. (1998), the present paper empirically examines the effects of a controlling manager...

Persistent link: https://www.econbiz.de/10005076997

Ownership Concentration and Restructuring in Czech Manufacturing Sector

Vychodil, Ondrej - EconWPA - 2005

The paper examines the dependence of firm restructuring on private outside ownership concentration in Czech manufacturing sector after privatization. It starts with the argumentation that the most important actors in the post-privatization ownership structure in the Czech Republic were...

Persistent link: https://www.econbiz.de/10005077013

How Independent are Independent Directors? The Case of Italy

Santella, Paolo; Paone, Giulia; Drago, Carlo - EconWPA - 2005

In this article, we provide an interpretation for the voluntary independence requirements contained in the Italian Corporate Governance Code (Preda Code) checking them against a proxy for international best practice, the independence criteria provided in the EC Recommendation on non-executive...

Persistent link: https://www.econbiz.de/10005077023

Share holding Pattern and Firm Performance

Kumar, Jayesh - EconWPA - 2004

Corporate Governance deals with the issue of how suppliers of finance to corporations assure themselves of getting a return on their investment. Several Studies have examined the relationship between ownership structure and firm performance. Using di erent data samples most of the studies...

Persistent link: https://www.econbiz.de/10005077035