We examine the incentive effects of private equity (PE) professionals' ownership in the funds they manage. In a simple … model, we show that managers select less risky firms and use more debt financing the higher their ownership. We test these … risk decreases and leverage increases with the manager's ownership in the fund, but largely only when scaled with her …

, delegated management, and investor ownership. The major agency problems that attend the corporate form and that, therefore, must … forces shaping the development of corporate law, including evolving patterns of share ownership, are examined …

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 dispersed ownership workplaces. The raw gap of 30 log points falls to 8 … ownership. …

the influence of three distinct components of a family firm: ownership, supervisory and management board activities by the … contrast, the influence of ownership and supervisory board representation is insignificant in almost all of our models. In line … effects. -- Family firms ; family ownership ; family management ; founder CEO ; agency costs ; capital structure ; debt …

Around the world (with the U.S. and U.K. as exceptions) concentrated ownership structures and controlling shareholders … 1995 to 2006 period from Germany, an economy that is traditionally characterized by concentrated ownership structures and … total payouts. This result is driven by family ownership rather than family management. Conflicts between the founding …

firms' boards in mitigating or exacerbating agency problems, using the setting of an emerging market with a high level of … ownership concentration and family control. Indonesia is among economies that adopt a two-tier board system, where corporations …, family-controlled firms are likely to mitigate agency issues by employing smaller boards. Further, board independence is …

Ownership structure is one of the key determinants constituting internal corporate governance, which is especially … crucial in emerging markets. This study explores the effects of insider shareholding, an obvious characteristic of ownership …

the ownership structure of single and dual class firms as well as hand-collected data on loan contracts, we find that the …