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Large shareholder portfolios, monitoring and legal protection of shareholders : A note
At, Christian; Flochel, Laurent - HAL - 2001
enhances efficiency of management monitoring. We analyze the effect of legal shareholders protection on portfolio …
Persistent link: https://www.econbiz.de/10008791936
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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 … protection where the main agency conflict opposes managers to shareholders (type I conflict). Using a sample of 81 French firms …
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
savings-and-loan holding companies. These governance characteristics, designed to reduce agency problems between shareholders … managers and shareholders. These findings suggest that cross-sectional OLS regressions of bank performance on single governance …
Persistent link: https://www.econbiz.de/10008794749
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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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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/10010899028
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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/10010899761
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In search of an alternative to shareholder value maximization
Giraud, Gaël; Renouard, Cécile - HAL - 2011
This paper argues that mainstream economic the- ory, far from providing an indisputable plea in favor of shareholder value-maximization, o ers striking arguments showing quite the opposite: pro t maximization cannot be a legitimate prioritar- ian goal for private rms. This opens the door for a...
Persistent link: https://www.econbiz.de/10009207103
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What future for codetermination and corporate governance in Germany?
Boyer, Robert - HAL - 2005
Contrary to the prognosis derived from the variety of capitalism literature, since the mid-90s the significant restructuring of large German corporations in the direction of shareholder value seems to have been compatible with the persistence of a genuine configuration of industrial relations,...
Persistent link: https://www.econbiz.de/10010739104