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The benefits and costs of group affiliation: Evidence from East Asia

Claessens, Stijn; Fan, Joseph P.H.; Lang, Larry H. P. - 2002

-growing firms with ownership structures more likely to create agency problems gain more from group affiliation, while young and high …

Persistent link: https://www.econbiz.de/10010279193

The pattern and valuation effects of corporate diversification: A comparison of the United States, Japan, and other East Asian economies

Claessens, Stijn; Djankov, Simeon; Fan, Joseph; Lang, Larry - 2001

We document that firms in eight East Asian countries and Japan diversify into more segments and engage into more related businessesas measured by the degree of vertical relatedness and complementaritythan firms in the USA. Using data for the 1990-6 period, we observe a trend towards...

Persistent link: https://www.econbiz.de/10010279186

Corporate Governance and Development

Claessens, Stijn - 2005

This paper investigates the relationship between corporate governance and economic development and well-being. It finds that better corporate frameworks benefit firms through greater access to financing, lower cost of capital, better firm performance, and more favorable treatment of all...

Persistent link: https://www.econbiz.de/10012737077

Corporate Governance in Asia : A Survey

Claessens, Stijn - 2003

Corporate governance has received much attention in recent years, partly due to the Asian financial crisis. We review the literature on corporate governance issues in Asia to develop region-specific and general lessons. Much attention has been given to poor corporate sector performance, but most...

Persistent link: https://www.econbiz.de/10012739987

The Benefits and Costs of Group Affiliation : Evidence from East Asia

Claessens, Stijn - 2002

-growing firms with ownership structures more likely to create agency problems gain more from group affiliation, while young and high …

Persistent link: https://www.econbiz.de/10012741202

Ownership Concentration and Corporate Performance in the Czech Republic

Claessens, Stijn; Djankov, Simeon - C.E.P.R. Discussion Papers - 1999

The relationship between ownership structure and corporate performance has been the subject of intense research in both … this relationship. It changed the ownership of firms in a short period of time, and firm characteristics had only a limited … influence on the resulting ownership structure. For a cross-section of 706 Czech firms over the period 1992 through 1997, we …

Persistent link: https://www.econbiz.de/10005667084

Stakeholder Corporate Governance : The Combined Effects of Bank Competition and Employment Protection

Claessens, Stijn - 2014

Between the early-1970s and the mid-1990s, the U.S. banking sector was deregulated and U.S. workers gained more statuary basic protections. The effects of these two reforms on productive activity have largely been studied separately in the finance and labor literatures. Yet they only have...

Persistent link: https://www.econbiz.de/10013053215

Banks and Labor as Stakeholders : Impact on Economic Performance

Claessens, Stijn - 2018

The US banking sector was deregulated and US workers gained statuary basic protections between the early-1970s and the mid-1990s. The finance and labor literatures have largely studied the effects of these two reforms on productive activity separately. Yet they only have separable impacts under...

Persistent link: https://www.econbiz.de/10012929037

Corporate Governance in Emerging Markets : A Selective Review and an Agenda for Future Research

Ararat, Melsa; Claessens, Stijn; Yurtoglu, B. Burcin - 2020

deep issues of ownership structures, property rights and organisational forms. Using the papers presented at the latest …

Persistent link: https://www.econbiz.de/10014101264

Corporate Governance in Emerging Markets : A Survey

Claessens, Stijn - 2012

This paper reviews recent research on corporate governance, with a special focus on emerging markets. It finds that better corporate frameworks benefit firms through greater access to financing, lower cost of capital, better performance, and more favorable treatment of all stakeholders. Numerous...

Persistent link: https://www.econbiz.de/10013112084

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