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corporate ownership is highly concentrated, it is necessary to devote special attention to blockholders and to differentiate the … between blockholders and the percentage of independents while insiders’ ownership is only significant if one looks at the …
Persistent link: https://www.econbiz.de/10010868827
This paper contributes to understanding corporate governance issues in emerging economies by examining how blockholders … of outside blockholders controlling at least 5 percent of total equity of the firm. We analyze the role played by these …, then slopes upward. Empirical results on ownership concentration by minority blockholders do not support the monitoring …
Persistent link: https://www.econbiz.de/10005753607
– specifically the new focus on the identity of the blockholders, multiple blockholder interactions, as well as the use of structural … structure of equity ownership. Specifically, for research on blockholder ownership, the identity of blockholders as well as the … interaction between blockholders are promising approaches to this topic. For research on insider ownership, structural models that …
Persistent link: https://www.econbiz.de/10010960139
We study how share repurchases affect the ownership stake of outside blockholders in 950 publicly-traded US …
Persistent link: https://www.econbiz.de/10008727225
. Second, when they do buy private targets or public targets with blockholders, they tend not to use all-equity offers, which …
Persistent link: https://www.econbiz.de/10010593843
We study how share repurchases affect the ownership stake of outside blockholders in 950 publicly-traded US …
Persistent link: https://www.econbiz.de/10010617190
blockholders, have less of their shares owned by these blockholders and have less of their shares held by foreign blockholders …. However, the difference in terms of shares owned by foreign blockholders appears to be driven by whether the firm is a value … size and the number of independent directors increase as the number of blockholders in the firm increases. …
Persistent link: https://www.econbiz.de/10011106480
This paper studies the corporate governance and asset pricing implications of investors owning blocks in multiple firms. Common wisdom is that multi-firm ownership weakens governance because the blockholder is spread too thinly. We show that this need not be the case. In a single-firm benchmark,...
Persistent link: https://www.econbiz.de/10011084086
In this paper we address the question whether insider ownership affects corporate performance. Evidence coming from studies dealing with Anglo-Saxon countries is rather inconclusive, especially because it seems that results are significantly affected by endogeneity. Economically, this is due to...
Persistent link: https://www.econbiz.de/10009219929
The study of the relationship between corporate governance and financial performance is an ambiguous theme. Several studies have focused on this topic by defining a relationship between the firm performance and its ownership structure. However, empirical findings did not reach a consensus on the...
Persistent link: https://www.econbiz.de/10010761803