Showing 1 - 10 of 254
period between 2005 and 2010. Since ownership structures may have important consequences according to recent work, we … distress. We conclude that conditional on their liquidity status, these funds use cash as a device to provide for the ownership …
Persistent link: https://www.econbiz.de/10010202775
Several papers find a positive association between a bank's equity stake in a borrowing firm and lending to that firm. While such a positive cross-sectional correlation may be due to equity stakes benefiting lending, it may also be driven by endogeneity. To distinguish the two, we study a German...
Persistent link: https://www.econbiz.de/10011820943
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 …
Persistent link: https://www.econbiz.de/10013428285
firms and firms with high ownership concentration. Only for listed firms poor performance is related to more frequent … are preceded by poor performance, while they are hindered by com-plex ownership structures. Control transfers are followed …This study examines changes in block ownership for a large sample of listed and non-listed German firms. The frequency …
Persistent link: https://www.econbiz.de/10013428382
-executive directors. Board restructuring is correlated to poor performance, but not for France. Neither existing blockholders nor …
Persistent link: https://www.econbiz.de/10013428410
This study provides new stylized facts on the determinants of corporate failure and acquisition in Germany. It also offers important lessons for the design of empirical studies. We show that firms experiencing failure or acquisition are significantly different from surviving firms on a number of...
Persistent link: https://www.econbiz.de/10013428411
performance effects of new board members with external boardroom experience (outsiders) by distinguishing between good and bad …. The performance differentials are highly pronounced in high-risk banks and in the post-crisis period. …
Persistent link: https://www.econbiz.de/10011722661
econometric analysis of firm performance in Germany. Based on a unique panel data set with detailed information on almost 400 … Germany's bank-based system of internal control, ownership concentration is harmful for productivity growth. …
Persistent link: https://www.econbiz.de/10013428290
to the fore. With a focus on fund asset liquidity and investors, this paper explores the flow-performance relationship … because the vulnerability to outflows is found to depend on asset liquidity and fund ownership. We construct a unique panel of … German corporate bond funds by merging data on asset liquidity with information on fund ownership. First, conditional on …
Persistent link: https://www.econbiz.de/10011995042
incentives for customer and input foreclosure can be higher, equal, or even lower with partial ownership than with a vertical …
Persistent link: https://www.econbiz.de/10014541862