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Monitoring the governance of state-owned enterprises : assessing the impact of corporate governance reforms in Brazil
Coelho, Daphne; Teodorovicz, Thomaz; Fritscher, André … - 2024
State-owned enterprises (SOEs) are often justified for correcting market failures, providing essential public services, and fulfilling social objectives. Yet, SOEs face unique governance challenges as agency conflicts usually increase with state ownership. This paper examines Brazil's efforts to...
Persistent link: https://www.econbiz.de/10015054007
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The private sector advances in China : the evolving ownership structures of the largest companies in the Xi Jinping era
Huang, Tianlei; Véron, Nicolas - 2022
This paper documents recent structural changes in China's corporate landscape, based on company level data, providing a … complementary perspective to that of official Chinese statistics. We classify China's largest companies by revenue since 2004 (based …
Persistent link: https://www.econbiz.de/10013184745
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Disentangling the effect of private and public cash flows on firm value
Scherrer, Cristina Mabel; Fernandes, Marcelo - 2016
This paper presents a simple model for dual-class stock shares, in which common shareholders receive both public and private cash flows (i.e. dividends and any private benefit of holding voting rights) and preferred shareholders only receive public cash flows (i.e. dividends). The dual-class...
Persistent link: https://www.econbiz.de/10011523988
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The government as a large shareholder : impact on firm value and corporate governance
Fernandes, Marcelo; Novaes, Walter - 2015
The subprime crisis led to a wave of government interventions in the private sector that has been particularly strong in Europe and Latin America, where several governments are large shareholders in a variety of public firms. In a sense, the subprime crisis induced these governments to behave as...
Persistent link: https://www.econbiz.de/10011405286
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Endogenous ownership structure : factors affecting the post-privatisation equity in largest Hungarian firms
Bishop, Kate; Filatotchev, Igor; Mickiewicz, Tomasz - 2002
Using a data set for 162 largest Hungarian firms during the period of 1994-1999 this paper explores the determinants of equity shares held by both foreign investors and by Hungarian corporations. We find evidence of a post-privatisation evolution towards more homogeneous equity structures, where...
Persistent link: https://www.econbiz.de/10011597686
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Does ownership matter? : Evidence from changes in institutional and strategic investors' equity holdings
Neumann, Robert; Voetmann, Torben - 1999
Persistent link: https://www.econbiz.de/10001421876
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Does ownership affect the impact of taxes on firm behaviour? : evidence from China
Fuest, Clemens; Liu, Li - 2015
Persistent link: https://www.econbiz.de/10010516525
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Multicriteria evaluation of listed companies
Lahdelma, Risto; Pirinen, Pekka; Salminen, Pekka - 2004
Persistent link: https://www.econbiz.de/10002540454
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Financial constraints in China : firm-level evidence
Poncet, Sandra; Steingress, Walter; Vandenbussche, Hylke - 2009
Persistent link: https://www.econbiz.de/10003927738
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Energy prices, subsidies and resource tax reform in China
Zhang, ZhongXiang - 2014
The Chinese leadership in November 2013 determined to embark upon a new wave of comprehensive reforms in China. This is … clearly reflected by the key decision of the Third Plenum of the 18th Central Committee of Communist Party of China to assign … is crucial because it sends clear signals to both producers and consumers of energy. While the overall trend of China …
Persistent link: https://www.econbiz.de/10010403532