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Holderness, Clifford G. - 1998

that the law constrains managerial majority shareholders, both in their day-to-day management and when they redeem the …

Persistent link: https://www.econbiz.de/10012472048

Management Ownership and Corporate Performance : An Empirical Analysis

Morck, Randall - 1986

We investigate the relation between management ownership and corporate performance, as measured by Tobin's Q. In a …

Persistent link: https://www.econbiz.de/10012477014

Do Well Managed Firms Make Better Forecasts?

Bloom, Nicholas; Kawakubo, Takafumi; Meng, Charlotte; … - National Bureau of Economic Research - 2021

We link a new UK management survey covering 8,000 firms to panel data on productivity in manufacturing and services …. There is a large variation in management practices, which are highly correlated with productivity, profitability and size …

Persistent link: https://www.econbiz.de/10012794618

Voting Rights, Share Concentration, and Leverage at Nineteenth-Century US Banks

Bodenhorn, Howard - 2012

Studies of corporate governance are concerned with two features of modern shareholding: diffuse ownership and the resulting separation of ownership and control, which potentially leads to managerial self-dealing; and, majority shareholding, which potentially mitigates some managerial...

Persistent link: https://www.econbiz.de/10012460850

The State of Corporate Governance Research

Bebchuk, Lucian A. - 2009

This paper, which introduces the special issue on corporate governance co-sponsored by the Review of Financial Studies and the National Bureau of Economic Research (NBER), reviews and comments on the state of corporate governance research. The special issue features seven papers on corporate...

Persistent link: https://www.econbiz.de/10012463112

Modern Management : Good for the Environment or just Hot Air?

Bloom, Nicholas - 2008

We use an innovative methodology to measure management practices in over 300 manufacturing firms in the UK. We then … match this management data to production and energy usage information for establishments owned by these firms. We find that … relation to other factor inputs. This is quantitatively substantial: going from the 25th to the 75th percentile of management …

Persistent link: https://www.econbiz.de/10012464253

Bank Governance, Regulation, and Risk Taking

Laeven, Luc - 2008

This paper conducts the first empirical assessment of theories concerning relationships among risk taking by banks, their ownership structures, and national bank regulations. We focus on conflicts between bank managers and owners over risk, and show that bank risk taking varies positively with...

Persistent link: https://www.econbiz.de/10012464532

Managerial Ownership Dynamics and Firm Value

Fahlenbrach, Rüdiger - 2007

From 1988 to 2003, the average change in managerial ownership is significantly negative every year for American firms. The probability of large decreases in ownership is strongly increasing in contemporaneous and past stock returns but the probability of large increases in ownership through...

Persistent link: https://www.econbiz.de/10012465451

When did Ownership Separate from Control? Corporate Governance in the Early Nineteenth Century

Hilt, Eric - 2007

This paper analyzes the ownership and governance of the business corporations of New York State in the 1820s. Using a new dataset collected from the manuscript records of New York's 1823 capital tax, and from the charters of the corporations, I analyze the ownership structures of the firms, and...

Persistent link: https://www.econbiz.de/10012465561

Measuring and Explaining Management Practices Across Firms and Countries

Bloom, Nick - 2006

We use an innovative survey tool to collect management practice data from 732 medium sized manufacturing firms in the …-level productivity, profitability, Tobin's Q, sales growth and survival rates. Management practices also display significant cross … tail of extremely badly managed firms. We find that poor management practices are more prevalent when (a) product market …

Persistent link: https://www.econbiz.de/10012466452