Showing 1 - 10 of 4,528
This study investigates the determinants of changes in corporate ownership and firm failure, taking into account … likely to fail or to be sold when performance is poor, financial pressure is high, and firm size is small. Cross ownership … deters control changes, and ownership concentration has a non-linear impact on the likelihood of control transfer. In …
Persistent link: https://www.econbiz.de/10010297800
I analyse the effect of ownership structure and bank control on performance. I employ a unique data set of 715 German … takeovers to test whether group structure, large shareholders, and bank control affect their value to shareholders. First, I … find that takeovers increase bidder value, but generally not that of the business group surrounding it. Second, majority …
Persistent link: https://www.econbiz.de/10011608484
: French-speaking directors are prevalent in Swiss French boards and German-speaking directors in Swiss German boards. More … importantly, however, boards of these two parts of Switzerland are more likely to be structured as in their respective neighboring …
Persistent link: https://www.econbiz.de/10011390668
This study examines changes in block ownership for a large sample of listed and non-listed German firms. The frequency … ownership (control transfers). Such changes are more likely for firms with high leverage, while they are less likely for larger … firms and firms with high ownership concentration. Only for listed firms poor performance is related to more frequent …
Persistent link: https://www.econbiz.de/10010297730
This study provides new stylized facts on the determinants of corporate failure and acquisition in Germany. It also offers important lessons for the design of empirical studies. We show that firms experiencing failure or acquisition are significantly different from surviving firms on a number of...
Persistent link: https://www.econbiz.de/10010297767
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
listed companies. This article introduces the concept of an ownership-based style index of listed firms in Germany, the …
Persistent link: https://www.econbiz.de/10010305735
I show that ownership by blockholding and board composition is an important determinant of corporate debt maturity … link with insider ownership is non-linear. …
Persistent link: https://www.econbiz.de/10010277921
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 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