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Corporate governance, market discipline, and productivity growth

Köke, Jens - 2001

governance and market discipline on productivity growth. We find that firms under concentrated ownership tend to show … significantly higher productivity growth. Financial pressure from creditors influences productivity growth positively, particularly … for firms in financial distress. Regarding market discipline, productivity grows faster when competition on product …

Persistent link: https://www.econbiz.de/10010297792

The German entrepreneurial index (GEX®): a primer on an ownership-based style index in Germany

Achleitner, Ann-Kristin; Kaserer, Christoph; … - 2009

Recent research indicates that the majority of listed firms in Germany (and also in many other countries around the world) have a dominant owner rather than being widely-held. Hence, owner-dominated firms comprise an important subset of listed companies. This article introduces the concept of an...

Persistent link: https://www.econbiz.de/10010305735

The Emergence of Large Shareholders in Mass Privatized Firms: Evidence from Poland and the Czech Republic

Grosfeld, Irena; Hashi, Iraj - 2004

Mass privatization offers a particularly suitable framework to study the change in ownership concentration as the … extent of change is unusual for a stable market economy. Focusing on two different mass privatization schemes in two …

Persistent link: https://www.econbiz.de/10011324998

Postprivatization Corporate Governance: the Role of Ownership Structure and Investor Protection

Boubakri, Narjess; Cosset, Jean-Claude; Guedhami, Omrane - 2003

We investigate the role of ownership structure and investor protection in postprivatization corporate governance. We find that the government relinquishes control over time, mainly to the benefit of local institutions and foreign investors. We also show that private ownership tends to...

Persistent link: https://www.econbiz.de/10011325056

DAXplus family: Ein Aktienindex zur Darstellung der Performance von Familienunternehmen

Achleitner, Ann-Kristin; Kaserer, Christoph; Kauf, Tobias; … - 2010

In January 2010 the Deutsche Börse Group introduced two family firm stock indices. Both indices are calculated as price and performance indices and extend the number of investment strategy indices of Deutsche Börse Group. The DAXplus Family is an all-share index whereas the DAXplus Family 30...

Persistent link: https://www.econbiz.de/10010305712

Post-Privatisation Ownership Structure and Productivity in Russian Industrial Enterprises

Earle, John S. - 1999

This paper investigates the impact of ownership structure on the productivity performance of Russian industrial …

Persistent link: https://www.econbiz.de/10011608483

The Missing Shock: The Macroeconomic Impact of British Privatisation

Florio, Massimo; Grasseni, Mara - 2004

productivity trends. …

Persistent link: https://www.econbiz.de/10011324982

New evidence on ownership structures in Germany

Köke, Jens - 1999

Ownership structures are an important element of the theory explaining corporate governance. This study presents detailed descriptive evidence on the ownership structures of German manufacturing firms. It addresses several shortcomings of the previous German empirical literature: First, we study...

Persistent link: https://www.econbiz.de/10010297658

Control transfers in corporate Germany: their frequency, causes and consequences

Köke, Jens - 2000

This study examines changes in block ownership for a large sample of listed and non-listed German firms. The frequency of block trading is similar to other countries, and the vast majority of block trades leads to changes in ultimate ownership (control transfers). Such changes are more likely...

Persistent link: https://www.econbiz.de/10010297730

Corporate monitoring by blockholders in Europe: empirical evidence of managerial disciplining in Belgium, France, Germany, and the UK

Dherment-Ferere, Isabelle; Köke, Jens; Renneboog, Luc - 2001

This study examines managerial disciplining in poorly performing firms using large panels for Belgian, French, German and UK firms. We consider the monitoring role of large blockholders, the market for share blocks, creditors, and non-executive directors. Board restructuring is correlated to...

Persistent link: https://www.econbiz.de/10010297760

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