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that the largest or dominant shareholder of a firm may have differing incentives to monitor their investment in the firm …
Persistent link: https://www.econbiz.de/10011155164
conflicts called “agency problems” as a result of interest conflicts between managers and shareholders. These problems are costs … on a company to encourage high performance of managers, need to be monitored and minimized to protect the company from … such as issues can lead the company to unpleasant situation and force managers to lose their positions. …
Persistent link: https://www.econbiz.de/10010726379
This Paper investigates valuation effects of share block transfers and employs agency theory to explain the determinants of block premia. A sample of transactions from Poland is used to measure benefits and costs of ownership concentration. Block premia are found to be substantially lower than...
Persistent link: https://www.econbiz.de/10005124379
Persistent link: https://www.econbiz.de/10008552488
The study of the relationship between corporate governance and financial performance is an ambiguous theme. Several studies have focused on this topic by defining a relationship between the firm performance and its ownership structure. However, empirical findings did not reach a consensus on the...
Persistent link: https://www.econbiz.de/10010761803
The aim of this research is to examine the role of state ownership in corporate governance and firm performance. We employed ordinary least squares and two-stage least squares regressions to analyze the effects of state ownership on firm performance.We go beyond existing research on state...
Persistent link: https://www.econbiz.de/10010789787
The objective of this study is to analyse the impact of internal governance mechanisms related to the board of directors, the audit committee and the ownership structure on the value relevance of accounting earnings in the French context. Using the method of Panel Corrected Standard Errors in...
Persistent link: https://www.econbiz.de/10011207776
Persistent link: https://www.econbiz.de/10004367762
Corporate Governance relates to mechanisms through which providers of resources to the firm get their share of resources in return. Adequate governance practices help develop capital markets and assist market forces in attaining efficient contracts. Convincing evidence exists that well developed...
Persistent link: https://www.econbiz.de/10005813742
Israel’s compliance with International Organization of Securities Commissions’ objectives and Principles of Securities Regulation has been assessed. The regulatory regime is well developed and in most respects is comparable with that of major jurisdictions. For the most part, it is...
Persistent link: https://www.econbiz.de/10011242660