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 …

power approach suggests that boards do not operate at arm’s length in devising executive compensation arrangements; rather …

. Boards of publicly traded companies with dispersed ownership, we argue, cannot be expected to bargain at arm’s length with …

executive than non-executive directors in their boards and therefore the question arises as to whether “dependent” boards are …

This paper tests the hypothesis that the threat of a contested <p> takeover improves corporate performance. This is … done by a cross-sectional <p> analysis of listed Danish firms with and without effective takeover defenses. <p> Takeover … defenses adopted by Danish firms mainly consist of dual class <p> voting rights often in combination with foundation ownership …

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 …

. We review the main mechanisms of corporate governance in the country and relate them to firms’ ownership structures …

, especially when ownership is concentrated. …

We analyze the effects of ownership type and concentration on performance of a population of firms in a model large … private ownership improve dynamic post-privatization performance. Concentrated foreign (but not domestic) ownership improves … some measures of performance relative to state ownership. Foreign investors engage in strategic restructuring by increasing …