-executive directors. Board restructuring is correlated to poor performance, but not for France. Neither existing blockholders nor …

likely to fail or to be sold when performance is poor, financial pressure is high, and firm size is small. Cross ownership …This study investigates the determinants of changes in corporate ownership and firm failure, taking into account … deters control changes, and ownership concentration has a non-linear impact on the likelihood of control transfer. In …

firms and firms with high ownership concentration. Only for listed firms poor performance is related to more frequent …This study examines changes in block ownership for a large sample of listed and non-listed German firms. The frequency … ownership (control transfers). Such changes are more likely for firms with high leverage, while they are less likely for larger …

these changes are frequently related to corporate performance. Third, we analyze the higher levels of ownership structures …Ownership structures are an important element of the theory explaining corporate governance. This study presents … detailed descriptive evidence on the ownership structures of German manufacturing firms. It addresses several shortcomings of …

governance and market discipline on productivity growth. We find that firms under concentrated ownership tend to show … markets is intense, but only when owner concentration is high. We do not find evidence that the type of the owner, ownership …