Showing 1 - 10 of 168
Increasing the participation of women in top-level corporate boards is high on the agenda of policymakers. Yet, we know little about director appointment dynamics and the drivers and impediments of women appointments. This study builds on organizational and group-level behavior theories and...
Persistent link: https://www.econbiz.de/10014000505
have a separation of ownership and control. We do not focus exclusively on the listed Aktiengesellschaft (AG) but include …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/10010297658
Germany?s bank-based system of internal control, ownership concentration is harmful for productivity growth. …
Persistent link: https://www.econbiz.de/10010297660
ownership (control transfers). Such changes are more likely for firms with high leverage, while they are less likely for larger …This study examines changes in block ownership for a large sample of listed and non-listed German firms. The frequency … firms and firms with high ownership concentration. Only for listed firms poor performance is related to more frequent …
Persistent link: https://www.econbiz.de/10010297730
This study examines managerial disciplining in poorly performing firms using large panels for Belgian, French, German and UK firms. We consider the monitoring role of large blockholders, the market for share blocks, creditors, and non-executive directors. Board restructuring is correlated to...
Persistent link: https://www.econbiz.de/10010297760
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/10010297767
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 …
Persistent link: https://www.econbiz.de/10010297792
deters control changes, and ownership concentration has a non-linear impact on the likelihood of control transfer. In …This study investigates the determinants of changes in corporate ownership and firm failure, taking into account … different types of sellers and buyers of control blocks. For a large panel of German corporations we find that firms are more …
Persistent link: https://www.econbiz.de/10010297800
We analyze the relationship between managerial ownership and company performance, testing the incentive and … managerial ownership up to around 40 percent. We do not find a significant entrenchment effect, possibly because at levels at …
Persistent link: https://www.econbiz.de/10010297809
concentration distribution that is dominated by a 'private benefits of control' problem with rising ownership concentration. …This paper analyzes the relationship of ownership concentration and firm performance in the context of different … 2009 we find an inverted u-shaped relation of ownership concentration and firm performance for those firms that operate in …
Persistent link: https://www.econbiz.de/10010303808