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Institutional investors, corporate governance and firm performance in an emerging market : evidence from Vietnam
Nguyen Thi Hoa Hong; Tran Khanh Linh - In: Cogent economics & finance 11 (2023) 1, pp. 1-20
for state-owned institutions' perspective), the effect of their ownership on firm performance depends on whether they are … pressure-sensitive (grey) or pressure-insensitive (independent) institutions. In Vietnam, independent institutional investors …
Persistent link: https://www.econbiz.de/10014500466
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German Corporate Law Reform's Impact on Publicly Listed Companies' Performance Through Changes in Ownership Concentration
Pakamore, Mantas - 2011
This paper analyses the German corporate law reform's effect on the publicly listed companies' ownership and performance. First, theoretically plausible implications of the most important laws that were issued 1990-2009 are provided, then an empirical analysis using 1997-2008 panel data...
Persistent link: https://www.econbiz.de/10013133571
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Government Ownership and the Cost of Debt : Evidence from Government Investments in Publicly Traded Firms
Borisova, Ginka - 2013
We investigate the effect of government share ownership on the cost of corporate debt. Government ownership could carry an implicit debt guarantee reducing the chance of default and leading to a lower cost of debt. On the other hand, government ownership could lead to a higher cost of debt if...
Persistent link: https://www.econbiz.de/10013091102
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Managerial Ownership, Corporate Governance, and Firms’ Exporting Decisions : Evidence from Chinese Listed Companies
Dixon, Robert - 2015
Using a large panel of Chinese listed companies over the period 2004-2010, we document that both export propensity and intensity increase with managerial ownership up to a point of around 23%-27%, and decrease thereafter. In addition, we find a negative association between state ownership and...
Persistent link: https://www.econbiz.de/10013014387
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Do Shareholder Coalitions Affect Agency Costs? Evidence from Italian Listed Companies
Rossi, Fabrizio - 2018
This study investigates the relationship between agency costs and ownership structure for a sample of listed Italian companies to determine the impact of shareholder coalitions on agency costs. Using a balanced panel dataset of 1,956 firm-year observations for the period 2002−2013, the results...
Persistent link: https://www.econbiz.de/10012926971
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Listed Family Firms in Germany (German)
Achleitner, Ann‐Kristin - 2009
Family firms are an important phenomenon of the German capital market. We analyse the broadest market segment of the German Stock Exchange, the CDAX, for the years 1998 to 2008. According to a founding-family definition almost half of all CDAX-listed non-financial firms in Germany can be...
Persistent link: https://www.econbiz.de/10013155464
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Agency Costs, Ownership, and Internal Governance Mechanisms : Evidence From Chinese Listed Companies
Vijayakumaran, Ratnam - 2019
In recent years, there has been an increasing interest in assessing the effectiveness of corporate governance in China. This paper examines the impact of internal governance mechanisms such as ownership structure and board characteristics and debt financing on agency costs making use of a large...
Persistent link: https://www.econbiz.de/10012894146
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Family Involvement, Political Connection and IPO Underpricing : Evidence from the Companies Listed on the SME Board of China
Cao, Zhen - 2018
Based on hand-collected information on private companies listed in the Chinese SME stock market, this paper studies how family involvement and political connection affect firms' IPO underpricing. Especially, we investigate how underpricing varies with higher- and ordinary level political...
Persistent link: https://www.econbiz.de/10012937030
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Institutional Ownership and Corporate Governance of Public Companies in China
Guo, Lin - 2019
-sensitive (or grey) institutions versus pressure-insensitive (or independent) institutions, and (2) state-owned versus privately …-owned institutions. We find that institutional ownership is positively associated with company Tobin's Q, and the effect is mainly driven … by the ownership of independent institutions, rather than driven by the ownership of privately-owned institutions …
Persistent link: https://www.econbiz.de/10012865418
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Ownership Reform, State Ownership, Corporate Governance, and Agency Costs : The Case of Chinese Listed Companies
Vijayakumaran, Ratnam - 2019
The aim of this paper is to examine the effect of 2005-ownership reform and state ownership on the linkages between corporate governance mechanisms and agency costs for Chinese listed firms. Based on a large panel of Chinese listed firms, we find that following the reform managerial ownership,...
Persistent link: https://www.econbiz.de/10012867655