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power approach suggests that boards do not operate at arm’s length in devising executive compensation arrangements; rather …
Persistent link: https://www.econbiz.de/10005114260
. Boards of publicly traded companies with dispersed ownership, we argue, cannot be expected to bargain at arm’s length with …
Persistent link: https://www.econbiz.de/10005662270
This paper tests the hypothesis that the threat of a contested <p> takeover improves corporate performance. This is … done by a cross-sectional <p> analysis of listed Danish firms with and without effective takeover defenses. <p> Takeover … defenses adopted by Danish firms mainly consist of dual class <p> voting rights often in combination with foundation ownership …
Persistent link: https://www.econbiz.de/10005419270
This chapter surveys the theoretical and empirical research on the main mechanisms of corporate law and governance, discusses the main legal and regulatory institutions in different countries, and examines the comparative governance literature. Corporate governance is concerned with the...
Persistent link: https://www.econbiz.de/10005227973
, especially when ownership is concentrated. …
Persistent link: https://www.econbiz.de/10010636102
We analyze the effects of ownership type and concentration on performance of a population of firms in a model large … private ownership improve dynamic post-privatization performance. Concentrated foreign (but not domestic) ownership improves … some measures of performance relative to state ownership. Foreign investors engage in strategic restructuring by increasing …
Persistent link: https://www.econbiz.de/10005135012
We analyze the effects of different types and concentration of ownership on performance using a population of firms in … variables show that contrary to conventional wisdom, the effects of privatization and different types of ownership are limited … and many types of private owners do not generate performance that is different from that of firms with state ownership …
Persistent link: https://www.econbiz.de/10005178145
Canadian firms have different roots (e.g., more concentrated ownership and smaller size) than U.S. firms and Canadian …
Persistent link: https://www.econbiz.de/10010664735
This study aims to investigate ownership in Turkish public firms from a different perspective than in previous studies …. It investigates various patterns in the interaction of ownership measures and other corporate governance mechanisms. I …
Persistent link: https://www.econbiz.de/10011106480
In the bank-borrower setting, a firm's existing lender may exploit its positional advantage to extract rents from the firm in subsequent financings. Analogously, a startup's existing venture capital investors (VCs) may dilute the founder through a follow-on financing from these same VCs (an...
Persistent link: https://www.econbiz.de/10011052898