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Innovationsverhalten in Familienunternehmen
Hülsbeck, Marcel; Lehmann, Erik E.; Weiß, Dominik; … - Fakultät für Wirtschaftswissenschaften, Universität … - 2011
Familienunternehmen gelten in der öffentlichen Wahrnehmung als besonders innovativ und als Hidden Champions der … unterschiedlichen Ergebnissen. Einerseits wird Familienunternehmen ein besonderer Unternehmergeist bescheinigt, der sie besonders …
Persistent link: https://www.econbiz.de/10010984777
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Patterns in Payout Policy and Payout Channel Choice of UK Firms in the 1990s
Renneboog, Luc; Trojanowski, G. - Tilburg University, Center for Economic Research - 2005
existing payout literature studies by analyzing jointly the trends in dividends and share repurchases.Unlike in the US, we find … repurchases is increasing, but dividends still constitute a vast proportion of the total payout.Firms repurchasing shares usually … pay dividends as well.We also document that there is a strong relationship between the presence of blockholders and the …
Persistent link: https://www.econbiz.de/10011092560
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Debt, Private Benefits, and Corporate Governance: An Analysis in an Option Valuation Framework
de La Bruslerie, Hubert - Université Paris-Dauphine (Paris IX) - 2014
Debt is not frequently analyzed in relation to the conflict between controlling and outside shareholders. At the same time, debt helps to manage the type II corporate agency conflicts because it is easier for controlling shareholders to modify the leverage ratio than to modify their share of...
Persistent link: https://www.econbiz.de/10010790025
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Ownership Structure and Debt Leverage: Empirical Test of a Trade-Off Hypothesis on French Firms
de La Bruslerie, Hubert; Latrous, Imen - Université Paris-Dauphine (Paris IX) - 2012
Debt may help to manage type II corporate agency conflicts because it is easier for controlling shareholders to modify the leverage ratio than to modify their share of capital. A sample of 112 firms listed on the French stock market over the period 1998-2009 is empirically tested. It supports an...
Persistent link: https://www.econbiz.de/10010790035
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Ownership structure and debt leverage: Empirical test of a trade-off hypothesis on French firms
de La Bruslerie, Hubert; Latrous, Imen - Université Paris-Dauphine (Paris IX) - 2012
Debt may help to manage type II corporate agency conflicts because it is easier for controlling shareholders to modify the leverage ratio than to modify their share of capital. A sample of 112 firms listed on the French stock market over the period 1998–2009 is empirically tested. It supports...
Persistent link: https://www.econbiz.de/10010708251
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Ownership structure and debt leverage: Empirical test of a trade-off hypothesis on French firms
de La Bruslerie, Hubert; Latrous, Imen - In: Journal of Multinational Financial Management 22 (2012) 4, pp. 111-130
Debt may help to manage type II corporate agency conflicts because it is easier for controlling shareholders to modify the leverage ratio than to modify their share of capital. A sample of 112 firms listed on the French stock market over the period 1998–2009 is empirically tested. It supports...
Persistent link: https://www.econbiz.de/10010594350
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Controlling shareholders, board structure, and firm performance: Evidence from India
Jameson, Melvin; Prevost, Andrew; Puthenpurackal, John - In: Journal of Corporate Finance 27 (2014) C, pp. 1-20
We examine the prevalence and performance impact of controlling shareholders and study corporate board structures and ownership structures in 1796 Indian firms. Families (founders) are present on the boards in 63.2 (65.5) percent of the sample firms. On average, founders own over 50% of...
Persistent link: https://www.econbiz.de/10010906828
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Busy CEOs and the performance of family firms
Pandey, Rakesh; Vithessonthi, Chaiporn; Mansi, Mansi - In: Research in International Business and Finance 33 (2015) C, pp. 144-166
We provide evidence on the link between busyness of CEOs and/or chairmen and the performance of family firms in India. We show that the level of CEO busyness has a negative effect on firm performance, measured by Tobin's q. That is, the frequency of the CEO attending board meetings is positively...
Persistent link: https://www.econbiz.de/10011116373
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Form versus substance: The effect of ownership structure and corporate governance on firm value in Thailand
Connelly, J. Thomas; Limpaphayom, Piman; Nagarajan, Nandu J. - In: Journal of Banking & Finance 36 (2012) 6, pp. 1722-1743
We examine the relation between the quality of corporate governance practices and firm value for Thai firms, which often have complex ownership structures. We develop a comprehensive measure of corporate governance and show that, in contrast to conventional measures of corporate governance, our...
Persistent link: https://www.econbiz.de/10011065699
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Agency Conflicts, Expropriation and Firm Value: Evidence from Securities-Market Regulation in China
Henk, Berkman; Rebel, Cole; Fu, Lawrence - Volkswirtschaftliche Fakultät, … - 2005
In this study, we examine the wealth effects of regulatory changes intended to improve corporate governance by protecting minority shareholders from expropriation by controlling shareholders. Using data from publicly traded Chinese firms, we find that these new regulations significantly...
Persistent link: https://www.econbiz.de/10011260290