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Performance benefits of tight control
Gill, Andrej; Visnjic, Nikolai - 2013
This study investigates the transition from being a listed company with a dispersed ownership structure to being a … privately held company with a concentrated ownership structure. We consider a sample of private equity backed portfolio … comparable public companies. These performance differences come from the increase in ownership concentration after the leveraged …
Persistent link: https://www.econbiz.de/10010225758
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Shareholder activists and frictions in the CEO labor market
Keusch, Thomas - 2021
Using hand-collected data on CEO appointments during shareholder activism campaigns, this study examines whether shareholder involvement in CEO recruiting affects frictions in CEO hiring decisions. The results indicate that appointments of CEOs who are recruited with shareholder activist...
Persistent link: https://www.econbiz.de/10012668370
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Who cares? : corporate governance in today's equity markets
Isaksson, Mats; Çelik, Serdar - 2013
means that concentrated ownership at company level has become the dominant form of ownership in listed companies worldwide …
Persistent link: https://www.econbiz.de/10009775539
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When heirs become major shareholders : evidence on tunneling and succession through related-party transactions
Kim, U-chʾan; Hwang, Sunwoo - 2014
compare them against their year-industry-size-matched firms (control group) before and after the ownership change. Difference …
Persistent link: https://www.econbiz.de/10010355189
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Common law and the origin of shareholder protection
Acheson, Graeme G.; Campbell, Gareth; Turner, John D. - 2016
. Using c.500 articles of association and ownership records of publicly-traded Victorian corporations, we find that … shareholder protection had more diffuse ownership. …
Persistent link: https://www.econbiz.de/10011523499
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Common law and the origin of shareholder protection
Acheson, Graeme G.; Campbell, Gareth; Turner, John D. - 2016
. Using c. 500 articles of association and ownership records of publicly-traded Victorian corporations, we find that … shareholder protection had more diffuse ownership. …
Persistent link: https://www.econbiz.de/10011521411
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Investment treaties and shareholder claims for reflective loss : insights from advanced systems of corporate law
Gaukrodger, David - 2014
Corporate law in advanced domestic legal systems on the one hand, and typical treaties for the protection of foreign investment on the other hand, treat claims for damages by company shareholders differently. Advanced domestic systems generally bar shareholders from claiming for reflective loss...
Persistent link: https://www.econbiz.de/10010463416
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Expropriation of Minority Shareholders in Politically Connected Firms
Qian, Meijun - 2011
concentrated ownership. We document that the controlling shareholders' expropriation behavior through tunneling or self-dealing is …
Persistent link: https://www.econbiz.de/10013132344
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Minority Shareholders’ Control Rights and the Quality of Corporate Decisions in Weak Investor Protection Countries : A Natural Experiment from China
Chen, Zhihong - 2012
fund ownership. There is also weak evidence that minority shareholders are more likely to veto value-decreasing equity … offering proposals in firms with higher mutual fund ownership in the post-regulation period. Overall, our evidence suggests …
Persistent link: https://www.econbiz.de/10013116135
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Large Shareholders and the Pressure to Manage Earnings
Guthrie, Katherine - 2012
We present empirical evidence that firms inflate earnings around seasoned equity offerings in the presence of large outsider blockholdings, but not in their absence. The finding is robust to several alternative explanations, including differences in firm characteristics, growth, performance, CEO...
Persistent link: https://www.econbiz.de/10013116721