Showing 1 - 10 of 156
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
, privatization methods had a lasting effect on ownership structure in Ukraine. …
Persistent link: https://www.econbiz.de/10005826048
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 paper investigates why the corporate landscapes of Germany and UK are so different in terms of control by analyzing … ownership evolution in recent IPOs. We report the control evolution of a sample of size- and industry-matched German and UK … companies six years subsequent to the flotation. The initial shareholders in the average German IPO lose majority control six …
Persistent link: https://www.econbiz.de/10005660473
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
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
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
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 firm’s profitability but do not alter its scale of operations, while the effect of privatization …
Persistent link: https://www.econbiz.de/10005077066
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
This paper deals with the effects of uncertainty and risk aversion on market outcomes for SO{sub 2} emission allowance prices and on electric utility compliance choices. The 1990 Clean Air Act Amendments (CAAA) provide about twice as many SO{sub 2} allowances to be issued per year in Phase I...
Persistent link: https://www.econbiz.de/10009435564