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Investigating the effects of privatization in transition countries is the focus of a large body of current research. Generally, privatization stimulates private sector development, attracts foreign direct investment, fosters competition and contributes to the formation of stock markets. In...
Persistent link: https://www.econbiz.de/10010301296
This paper analyses ownership and control structures of Dutch listed companies. Legislation effective since 1992 … that the average ownership stakes of the largest and the three largest shareholders are 27% and 41%, respectively. The … average ownership stakes of banks, insurance companies and other financial institutions are relatively low. We observe that …
Persistent link: https://www.econbiz.de/10011608486
, labour efficiency and wage level, rather than in entities' profitability. Compared to the dispersion among firms within the …
Persistent link: https://www.econbiz.de/10011984747
Economic development implies that the efficiency of firms in developing countries is approaching that of firms in … privatization, competition and foreign investment. We also test hypotheses positing that only firms near the efficiency frontier … find that privatization to domestic owners did not markedly improve the efficiency of firms; domestic firms are not …
Persistent link: https://www.econbiz.de/10010271756
has implications for ownership debates, efficiency study specification, and the development of regulatory screens. …We model the endogenous ownership of a monopoly utility by either investors or the firm's customers. Ownership arises … endogenously based on customers' quality preference, which affects each ownership type's viability. Customer ownership arises when …
Persistent link: https://www.econbiz.de/10012624277
. For example, both locally and foreign owned entities are very deferent in efficiency when grouped on export intensity and …
Persistent link: https://www.econbiz.de/10011787191
The current literature on firm ownership around the world shows that concentrated ownership with only one or a few … controlling owners is common, especially in many European and Asian countries. The dispersed ownership has proven to be uncommon … and even countries with supposed dispersed ownership has also shown signs of ownership concentration. Commonly, the …
Persistent link: https://www.econbiz.de/10011332476
This paper outlines the foundations of corporate governance. The discussion includes a review on the modern corporation, transaction costs theory, agency costs theory, legal investor protection, investor protection by corporate governance and its various mechanisms, as well as an overview of the...
Persistent link: https://www.econbiz.de/10011390672
in Russia in comparison to other CIS. We provide three company cases with subsequent discussion on ownership, control …
Persistent link: https://www.econbiz.de/10010322892
Banks play a role in the corporate governance of firms as well as acting as debt financiers around the world. Universal banks can have control over borrowing firms by representation on the board of directors or by holding shares through direct stakes or institutional holdings. We investigate the...
Persistent link: https://www.econbiz.de/10011605112