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Ownership concentration and firm performance: Evidence from an emerging market
Grosfeld, Irena - HAL - 2006
The initial view of the advantages of ownership concentration in joint stock companies was determined by the concern about the opportunistic managerial behavior. The growing importance of knowledge and human capital in the operation of firms shifts the focus of concern: excessive ownership...
Persistent link: https://www.econbiz.de/10010738833
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Large shareholders and firm value: Are high-tech firms different?
Grosfeld, Irena - HAL - 2009
This paper explores the relationship between ownership structure and firm value in a transition economy. It distinguishes firms belonging to the sector of innovative technologies and firms from more "traditional" industries. For the latter, the results of the estimation of a simultaneous...
Persistent link: https://www.econbiz.de/10010738964
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Disclosure and minority expropriation: A study of French listed firms
Chiraz, Ben Ali - HAL - 2009
In this paper we examine the influence of minority expropriation on disclosure level in France where shareholders are … poorly protected and the main agency problem is the one between controlling and minority shareholders (type II conflict … minority shareholders particularly when they hold voting rights in excess of their cash flow rights; therefore they are likely …
Persistent link: https://www.econbiz.de/10008793309
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Board structure, Ownership structure, and Firm performance : Evidence from Banking
Belkhir, Mohamed - HAL - 2006
This paper examines the interrelations among five ownership and board characteristics in a sample of 260 bank and savings-and-loan holding companies. These governance characteristics, designed to reduce agency problems between shareholders and managers, are insider ownership, blockholder...
Persistent link: https://www.econbiz.de/10008794749
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Towards an Understanding of the Phases of Goodwill Accounting in Four Western Capitalist Countries: From Stakeholder Model to Shareholder Model
Ding, Yuan; Richard, Jacques; Stolowy, Hervé - HAL - 2008
Britain, the United States, Germany, and France) and covers more than a century, starting in 1880. We explain that all these …
Persistent link: https://www.econbiz.de/10009151311
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La RSE comme instrument de la gouvernance d'entreprise
Cézanne, Cécile; Rubinstein, Marianne - HAL - 2010
principaux opérateurs de téléphonie mobile en France, nous montrons que la RSE est volontairement utilisée par les entreprises …
Persistent link: https://www.econbiz.de/10009323659
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Private Equity investment performance : Do social ties between venture capitalists and CEOs matter
Bonnet, Christophe - HAL - 2001
Our area of interest is the relationship between Private Equity professionals and the CEOs of companies. Building on previous research on board-CEO relationship and on venture capital and management buyout governance, we aim at complementing the frequently used agency theory perspective by way...
Persistent link: https://www.econbiz.de/10010549128
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Corporate governance, value and performance of firms: New empirical results on convergence from a large international database
Krafft, Jackie; Qu, Yiping; Quatraro, Francesco; Ravix, … - HAL - 2013
This paper aims to revisit the link between corporate governance, value, and firm performance by focusing on convergence, understood as the way that non-US firms are adopting US best practice in terms of corporate governance, and the implications of this adoption. We examine theoretical...
Persistent link: https://www.econbiz.de/10010607938
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What do we know about delistings? A survey of the literature
Djama, Constant; Martinez, Isabelle; Serve, Stéphanie - HAL - 2012
Relative to the decision to go public, the decision to delist is less studied in the corporate finance literature despite its importance in the life of the firm. This article surveys the recent literature, both theoretical and empirical, regarding delisting in an international context...
Persistent link: https://www.econbiz.de/10010736419
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Taxes on severance pay, corporate governance and golden handshakes
Llense, Fabienne - HAL - 2009
This paper puts forward an explanation of the rapid increase in golden handshake provision in Europe over the last ten years, based on both enhanced investor protection and attractive tax codes for severance pay. This article takes up a framework in which asymmetric information about the quality...
Persistent link: https://www.econbiz.de/10010738557