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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

Transferring Rhineland Capitalism to the Polish-German Border: Perceptions of Bank Governance and Practice in Zgorzelec-Görlitz

Batiz-Lazo, Bernardo; Locke, Robert; Müller, Kristine - EconWPA - 2005

-Central Europe, we focus – using a survey questionnaire – on bank customers perceptions of bank governance and practice in the Polish …-German city of Zgorzelec-Görlitz. The experience of Dresdner Bank is stressed as is the fact that the local people not long before … opposed to Anglo-American approaches to management in the context of retail bank markets. …

Persistent link: https://www.econbiz.de/10005125829

Federal state shareholdings in Russian companies: Origin, forms and consequences for enterprise perfomance

Muravyev, Alexander - EconWPA - 2003

This paper studies the impact of federal state shareholdings on the performance of Russian companies. It differs from most similar studies in two respects. Firstly, it focuses on mixed ownership companies rather than conventional state enterprises. Secondly, it distinguishes between several...

Persistent link: https://www.econbiz.de/10005126260

What’s Common to Relationship Banking and Relationship Investing? Reflections within the Contractual Theory of the Firm

Neuberger, Doris - EconWPA - 2005

The financial systems in continental Europe are moving from bank intermediation to intermediation by non-bank …

Persistent link: https://www.econbiz.de/10005134639

Multiple bank lending relationships in Italy: their determinants and the role of firms’ governance features

Vulpes, Giuseppe - EconWPA - 2005

The aim of this paper is to analyze the determinants of multiple-bank lending - one of the main features of the bank …-firm relationships in Italy. The analysis suggests that multiple bank lending is significantly and importantly linked with firms … characterised by a greater level of multiple-bank lending. In this respect multiple-bank lending may be the consequence of a risk …

Persistent link: https://www.econbiz.de/10005134663

What’s Common to Relationship Banking and Relationship Investing? Reflections within the Contractual Theory of the Firm

Neuberger, Doris - EconWPA - 2005

. Banks traditionally holding close relationships with firms are substituted by non-bank institutional investors. The present …

Persistent link: https://www.econbiz.de/10005134668