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and exporting. In turn, the extent of managers' independence is negatively associated with ownership concentration, but …
Persistent link: https://www.econbiz.de/10014057850
and exporting. In turn, the extent of managers’ independence is negatively associated with ownership concentration, but …
Persistent link: https://www.econbiz.de/10005784774
in an environment where a dominant owner is able to extract ex ante ‘private benefits of control’. Ownership … extracting ‘control premium’. One of possible outcomes is a ‘crowding out’ of entrepreneurial firms from the debt market, and …
Persistent link: https://www.econbiz.de/10008631157
with 100% foreign ownership, possibly because the marginal costs of acquiring additional equity are growing with the size … determinants of equity levels, we focus on informational asymmetries and (unobserved) ownership specific characteristics of foreign …
Persistent link: https://www.econbiz.de/10011597686
We review the governance role of private equity (PE) firms in companies that have experienced an LBO. We conjecture that PE firms may provide powerful remedies to agency conflicts associated with public and private firms, such as managerial entrenchment and opportunism
Persistent link: https://www.econbiz.de/10013131653
Persistent link: https://www.econbiz.de/10011639503
with 100% foreign ownership, possibly because the marginal costs of acquiring additional equity are growing with the size … determinants of equity levels, we focus on informational asymmetries and (unobserved) ownership specific characteristics of foreign …
Persistent link: https://www.econbiz.de/10011335737
in an environment where a dominant owner isable to extract ex ante ‘private benefits of control’. Ownership concentration … extracting ‘control premium’. One of possibleoutcomes is a ‘crowding out’ of entrepreneurial firms from the debt market, and this …
Persistent link: https://www.econbiz.de/10005868255
This study examines the extent to which principal–principal agency conflicts within venture capital (VC) syndicates lead to additional principal–agent conflicts in IPO firms in two institutional contexts. Using a matched sample of 274 VC-backed IPOs in the US and the UK, it shows that the...
Persistent link: https://www.econbiz.de/10010577627
with 100% foreign ownership, possibly because the marginal costs of acquiring additional equity are growing with the size … determinants of equity levels, we focus on informational asymmetries and (unobserved) ownership specific characteristics of foreign …
Persistent link: https://www.econbiz.de/10012717910