Showing 1 - 10 of 775
researchers pay a particular attention to banking governance. Specifically, shareholders-managers’ convergence of interests and … negative effect on performance. The results also reveal that managers lack control while the board of directors seems to exert …
Persistent link: https://www.econbiz.de/10008694021
analyses which include a focus on China, Japan, Brazil, and South Africa, this paper not only highlights why there is need for … between systemic risk and information asymmetries – hence the justification for greater focus on information channels as well … particular, the Basel III leverage ratios in jurisdictions such as China. Ultimately the paper also aims to investigate whether …
Persistent link: https://www.econbiz.de/10011107937
The article attempts to investigate the role of ownership structure and corporate governance in mitigating agency cost in a sample of 50 firms selected on the basis of market capitalization from “Karachi Stock Exchange” during the period 2003 to 2006. We used the proxy asset utilisation...
Persistent link: https://www.econbiz.de/10011260596
The paper presents the actual ownership structure of public companies in Bulgaria on the basis of a survey of 104 of the companies traded on the Bulgarian Stock Exchange. It discusses as well the problems of disclosure of ownership information, focusing on the transposition of the EC Large...
Persistent link: https://www.econbiz.de/10011260600
The paper presents some of the results of a survey of ownership sructure. The survey uses the classic tradition in the treatment of the problem,stating that the means for effective control on the management of the enterprise are determined by the scale and the distribution of the shareholders’...
Persistent link: https://www.econbiz.de/10009654240
Based on panel data from 1995 – 1997, the paper focuses on the impact of ownership structure on the performance of Russian non-financial privatized companies that constitute the group of "blue chips" of the country's stock market. We find that ownership concentration results in higher...
Persistent link: https://www.econbiz.de/10008753071
This paper attempts to explain a large premium paid on common (voting) shares relative to preferred (non-voting) shares in the Russian stock market. Empirical analysis focuses on two main explanations relating the premium either to the voting right attached to common shares or to differences in...
Persistent link: https://www.econbiz.de/10008776870
by family owned conglomerates some of which have recently become a favorite target for foreign direct and portfolio … governance ratings for these companies with a focus on ownership structure. Our results show that family ownership has a negative …
Persistent link: https://www.econbiz.de/10011111872
with asymmetric information and uncertainty about the optimal projects for the firm. In particular, we examine the optimal …
Persistent link: https://www.econbiz.de/10009368168
regulations on risk taking and the need for a consideration of ownership structures are amongst other issues which are considered … corporate governance theory. It also considers other alternatives whereby risk taking could be controlled. In recommending the …
Persistent link: https://www.econbiz.de/10011260501