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Ownership concentration and bank profitability
Ozili, Peterson Kitakogelu; Uadiale, Olayinka - In: Future Business Journal 3 (2017) 2, pp. 159-171
We investigate whether ownership concentration influences bank profitability in a developing country context. We focus … on bank ownership concentration measured as the amount of direct equity held by a majority shareholder categorised into …
Persistent link: https://www.econbiz.de/10011937845
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Ownership and Pay in Britain
Pendleton, Andrew; Bryson, Alex; Gospel, Howard - 2015
Drawing on principal-agent perspectives on corporate governance, this paper examines whether employees' hourly pay is linked to ownership dispersion. Using linked workplace-worker data from the British Workplace Employment Relations Survey (WERS) 2011, we find average hourly pay is higher in...
Persistent link: https://www.econbiz.de/10011307427
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ההון ושברו (Capital and its Crisis)
Nitzan, Jonathan; Bichler, Shimshon - 2022
הקפיטליזם שולט בעולם. דיונים סוערים מתנהלים בין המלומדים הממסדיים לבין "הביקורתיים" על טיבו של הקפיטליזם הגלובלי. הבעיה היא שטיבו של המוסד המרכזי בקפיטליזם -- ההון...
Persistent link: https://www.econbiz.de/10014528620
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Corporate risk taking and ownership structure
Paligorova, Teodora - 2010
This paper investigates the determinants of corporate risk taking. Shareholders with substantial equity ownership in a single company may advocate conservative investment policies due to greater exposure to firm risk. Using a large cross-country sample, I find a positive relationship between...
Persistent link: https://www.econbiz.de/10010279939
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The Political Economy of Dominant Investors
Perotti, Enrico C.; von Thadden, Ernst-Ludwig - 2004
century (Rajan and Zingales, 2003), when some financially verydeveloped countries moved towards bank or state control as a …
Persistent link: https://www.econbiz.de/10010325240
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Mergers and acquisitions and bank performance in Europe: the role of strategic similarities
Altunbas, Yener; Marqués-Ibáñez, David - 2004
-merger financial performance. We find that, on average, bank mergers in the European Union resulted in improved return on capital. By …
Persistent link: https://www.econbiz.de/10011604444
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Budget Constraints and Profitability: Evidence from a Transition Economy
Rizov, Marian - 2002
A conceptual framework for analyzing the credit rationing and the link between credit access and profitability is … and its impact on profitability in transition economies. The results from the switching regression suggest that the … presence of credit market constraints does impinge on profitability of credit rationed firms and support the credit crunch …
Persistent link: https://www.econbiz.de/10010313400
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Governance Structures, Efficiency, and Firm Profitability
Lehmann, Erik E.; Warning, Susanne; Weigand, Jürgen - 2004
more efficient governance structures have higher profitability. To determine efficiency we compare firms with respect to … regressions of profitability. Our main finding is that the efficiency scores indeed contribute significantly to explaining … profitability differences between firms, even after controlling for industry effects and unobserved systematic firm effects. …
Persistent link: https://www.econbiz.de/10010261490
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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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Blockholder Dispersion and Firm Value
Konijn, Sander J.J.; Kraeussl, Roman; Lucas, Andre - 2009
This paper analyzes the impact of blockownership dispersion on firm value. Blockholdings by multiple blockholders is a widespread phenomenon in the U.S. market. It is not clear, however, whether dispersion among blockholder is preferable to having a more concentrated ownership structure. To test...
Persistent link: https://www.econbiz.de/10010325997