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Performance and Behaviour of Family Firms: Evidence from the French Stock Market

Sraer, David; Thesmar, David - C.E.P.R. Discussion Papers - 2004

We look at the corporate performance of family firms listed on the French stock exchange between 1994 and 2000. On the French stock market, approximately one third of the firms are widely held, another third are founder controlled and the remaining third are heir-controlled family firms. We find...

Persistent link: https://www.econbiz.de/10005124284

How Does Privatization Work? Ownership Concentration and Enterprise Performance in Ukraine

Pivovarsky, Alexander - International Monetary Fund (IMF) - 2001

, privatization methods had a lasting effect on ownership structure in Ukraine. …

Persistent link: https://www.econbiz.de/10005826048

Enterprise Restructuring and Transition; Evidence From the Former Yugoslav Republic of Macedonia

Zalduendo, Juan - International Monetary Fund (IMF) - 2003

privatization and the resulting low ownership concentration is one of the reasons for the poor performance of surviving firms. …

Persistent link: https://www.econbiz.de/10005599589

The Impact of Ownership Structure on Firm Performance : Evidence From a Large Emerging Market

Douma, S.W.; George, R.; Kabir, M.R. - Tilburg University, Center for Economic Research - 2002

We examine how ownership structure affects the performance of firms using firm level data from a large emerging market, India.We specifically focus on a previously unexplored phenomenon, namely the differential role played by foreign institutional and foreign corporate shareholders.An...

Persistent link: https://www.econbiz.de/10011090733

Who gets the Carrot and Who gets the Stick? Evidence of Gender Disparities in Executive Remuneration

Renneboog, Luc; Kulich, C.; Trojanowski, G.; Ryan, M.; … - Tilburg University, Center for Economic Research - 2010

This paper offers a new explanation of the gender pay gap in leadership positions by examining the relationship between managerial bonuses and company performance. Drawing on findings of gender studies, agency theory, and the leadership literature, we argue that the gender pay gap is a...

Persistent link: https://www.econbiz.de/10011091560

Effect of the Czech Firms Break-Up on their Profitability and Productivity

Kočenda, Evžen; Hanousek, Jan - In: Politická ekonomie 2011 (2011) 5, pp. 579-598

In this article we analyze medium- and long-term effects of firm break-up (and subsequent change in ownership) on its profitability and productivity. We use an extensive data-set of the Czech firms for the period 1996-2005. We employ the propensity score based matching methodology to account for...

Persistent link: https://www.econbiz.de/10009368420

Divestitures, privatization and corporate performance in emerging markets

Hanousek, Jan; Kočenda, Evžen; Svejnar, Jan - 2009

We use new firm-level data to examine the effects of firm divestitures and privatization on corporate performance in a … rapidly emerging market economy. Unlike the existing literature, we control for accompanying ownership changes and the fact …'s profitability but do not alter its scale of operations, while the effect of privatization depends on the resulting ownership …

Persistent link: https://www.econbiz.de/10009477561

Spinoffs, Privatization and Corporate Performance in Emerging Markets

Hanousek, Jan; Kocenda, Evzen; Svejnar, Jan - EconWPA - 2004

We use new firm-level data to examine the effects of spinoffs and privatization on corporate performance in a rapidly … control for accompanying ownership changes and the fact that spinoffs and ownership are endogenous variables. We find that … spinoffs increase the firmâ€™s profitability but do not alter its scale of operations, while the effect of privatization …

Persistent link: https://www.econbiz.de/10005077066

A Test of the Relationship Between Political Connection and Indirect Costs of Financial Distress in Indonesia

Wijantini; Afsal E. M. - In: Asian Academy of Management Journal of Accounting and … 3 (2007) 2, pp. 61-81

This study finds that political connection affects indirect costs of financial distress in Indonesia. It applies changes of industry-adjusted operating profit and annualized changes of industry-adjusted sales as proxies of the costs. Evidence from 1997â€“2002 indicates that Indonesian firms...

Persistent link: https://www.econbiz.de/10011152440

ВЛИЯНИЕ КОНЦЕНТРАЦИИ ИНСАЙДЕРСКОЙ СОБСТВЕННОСТИ НА ЭФФЕКТИВНОСТЬ ИНВЕСТИЦИЙ КОМПАНИЙ НА РАЗВИВАЮЩИХСЯ РЫНКАХ...

АРТУРОВНА, ЧЕРКАСОВА ВИКТОРИЯ; … - In: Корпоративные финансы Journal of … (2014) 3, pp. 3-18

В данной статье представлены результаты исследования взаимосвязи между инсайдерской собственностью и инвестиционной эффективностью компаний на...

Persistent link: https://www.econbiz.de/10011229802