Narrow search
Showing 1 - 10 of 142
Cover Image
Measuring the ownership and control of UK listed firms : some methodological challenges
Goergen, Marc; Mira, Svetlana - In: The British accounting review : the journal of the … 55 (2023) 6, pp. 1-16
Persistent link: https://www.econbiz.de/10014458962
Cover Image
Index membership vs. loss of voting power : the unification of dual-class shares
Betzer, André; Bongard, Inga van den; Goergen, Marc - 2017 - This version: March 2017
A change in the index selection rules of Deutsche Börse provides a unique opportunity to investigate the drivers behind the decision to a bolish dual-class shares. As of June 2002, selection is based on the market capitalization of the free-float of the more liquid share class rather than the...
Persistent link: https://www.econbiz.de/10011794012
Cover Image
Strong Managers and Passive Institutional Investors in the UK
Goergen, Marc; Renneboog, Luc - 1999
The first striking feature is that ownership of the average UK company is diffuse: a coalition of at least eight … shareholders is required to reach an absolute majority of voting rights. Even though the average firm has a dispersed ownership … than 30 per cent. The ownership structure is also shaped by regulation; the mandatory takeover threshold of 30%, for …
Persistent link: https://www.econbiz.de/10011608485
Cover Image
Dividend policy, corporate control and the tax status of the controlling shareholder
Andres, Christian; Betzer, André; Goergen, Marc - 2012
This paper studies the impact of the concentration of control, the type of controlling shareholder and the dividend tax … concentration of control does not have an effect on the dividend payout, there is strong evidence that the type of controlling …
Persistent link: https://www.econbiz.de/10010291127
Cover Image
Trust and shareholder voting
Lesmeister, Simon; Limbach, Peter; Goergen, Marc - 2018
We test the hypothesis that a specific aspect of culture - trust in others - affects shareholder voting behavior as it lowers investors' concerns of being expropriated. We find consistent evidence that the percentage of votes cast at shareholder meetings is lower in high-trust countries while...
Persistent link: https://www.econbiz.de/10011879007
Cover Image
Trust and shareholder voting
Lesmeister, Simon; Limbach, Peter; Goergen, Marc - 2019 - This draft: January 2019
We test the hypothesis whether a specific aspect of culture - trust in others - affects shareholder voting behavior by substituting for costly monitoring. We find consistent evidence that the percentage of votes cast at shareholder meetings is lower in high-trust countries while the percentage...
Persistent link: https://www.econbiz.de/10011963228
Cover Image
Investment policy, internal financing and ownership concentration in the UK
Goergen, Marc (contributor); Renneboog, Luc (contributor) - 2000 - [Elektronische Ressource]
and the tax advantages of debt. More importantly, we investigate whether ownership concentration by class of shareholder … creates or mitigates liquidity constraints. When industrial companies control large shareholdings, there is evidence of … combined equity stakes of families and industrial companies and the Herfindahl index of industrial ownership are high. This …
Persistent link: https://www.econbiz.de/10001537200
Cover Image
Dividend policy, corporate control and tax clienteles : the case of Germany
Andres, Christian; Betzer, André; Goergen, Marc - 2011
This paper studies the impact of the concentration of control, the type of controlling shareholder and the dividend tax … concentration of control does not have an effect on the dividend payout, there is strong evidence that the type of controlling …
Persistent link: https://www.econbiz.de/10009248245
Cover Image
Dividend policy, corporate control and the tax status of the controlling shareholder
Andres, Christian; Betzer, André; Goergen, Marc - 2012
This paper studies the impact of the concentration of control, the type of controlling shareholder and the dividend tax … concentration of control does not have an effect on the dividend payout, there is strong evidence that the type of controlling …
Persistent link: https://www.econbiz.de/10009616339
Cover Image
Trust and Shareholder Voting
Lesmeister, Simon - 2019
We show that in countries with more societal trust shareholders cast fewer votes at shareholder meetings and are more supportive of management proposals. This result is confirmed by shocks to trust and instrumental variables. It also holds at the U.S.-county level and for U.S. institutional...
Persistent link: https://www.econbiz.de/10012898732