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The price of media capture and the looting of newspapers in interwar France

Bignon, Vincent; Flandreau, Marc - 2012

This paper develops a new insight enabling the empirical study of media capture: minority shareholders of newspapers …

Persistent link: https://www.econbiz.de/10010316814

Corporate governance in Latin American firms: Contestability of control and firm value

Jara Bertín, Mauricio; López Iturriaga, Felix J.; San … - In: BRQ Business Research Quarterly 22 (2019) 4, pp. 257-274

shareholders (contestability) increases, firms' financial performance is enhanced. More interestingly, we find that these relations … in institutional settings characterised by weak investor protection and possible conflicts of interest among shareholders …, oversight by multiple large, non-related shareholders (balanced ownership concentration) becomes an important governance …

Persistent link: https://www.econbiz.de/10013327683

How Effective is European Merger Control?

Duso, Thomas; Gugler, Klaus; Yurtoglu, Burcin B. - 2011

the period 1990-2002 to assess the effectiveness of European merger control. The basic idea is to relate announcement and … decision abnormal returns. Under a set of four maintained assumptions, merger control might be interpreted to be effective if … rents accruing due to the increased market power observed around the merger announcement are reversed by the antitrust …

Persistent link: https://www.econbiz.de/10010333760

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 preference of the controlling shareholder on dividend policy for a panel of 220 German firms over 1984-2005. While the concentration of control does not have an effect on the...

Persistent link: https://www.econbiz.de/10010291127

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

Determinants of acquisition and failure: stylized facts and lessons for empirical studies

Köke, Jens - 2001

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

Corporate governance, market discipline, and productivity growth

Köke, Jens - 2001

Using a large panel of German manufacturing firms over the years 1986?1996, this study examines the impact of corporate governance and market discipline on productivity growth. We find that firms under concentrated ownership tend to show significantly higher productivity growth. Financial...

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

Dynamics in ownership and firm survival: evidence from corporate Germany

Heiss, Florian; Köke, Jens - 2001

contrast to corporate shareholders, private shareholders tend to sell control blocks when financial pressure increases. …

Persistent link: https://www.econbiz.de/10010297800

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