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Optimal delegation when the large shareholder has multiple tasks

Graziano, Clara; Luporini, Annalisa - 2010

gather information on investment projects. The initial owner has two tasks: monitoring the manager and supervising project … choice. Optimality would require a large ownership stake for monitoring but a small stake for not interfering with managerial …. The large shareholder retains full ownership of the firm but monitoring, and the resulting firing policy, are distorted …

Persistent link: https://www.econbiz.de/10010270637

Ownership Concentration, Monitoring and Optimal Board Structure

Graziano, Clara; Luporini, Annalisa - 2005

monitoring. We consider the case in which the large shareholder sits on (and controls) the supervisory board but not the …

Persistent link: https://www.econbiz.de/10010312344

Agency costs and R&D: Evidence from Finnish SMEs

Väänänen, Lotta - 2003

This paper examines empirically how firm ownership structure affects its research- and development (R&D) intensity. To begin with, a principal-agent problem created by the separation of the management of a firm (the agent) and its ownership (the principal) is reviewed, and prior empirical...

Persistent link: https://www.econbiz.de/10010285225

Monitoring or tunneling by large shareholders : evidence from China private listed companies

Song, Xiaobao - In: China finance review international 5 (2015) 2, pp. 187-211

Persistent link: https://www.econbiz.de/10011391721

Privately held or publicly owned? : large shareholders and corporate control

Toukan, Amjad - In: Theoretical economics letters 4 (2014) 6, pp. 397-409

Persistent link: https://www.econbiz.de/10010530817

Governance, type of blockholder, and negotiating power in takeovers

Harris, Oneil; Madura, Jeff; Glegg, Charmaine - In: Managerial finance 39 (2013) 11, pp. 1077-1099

Persistent link: https://www.econbiz.de/10010196149

The effect of monitoring on CEO pay practices in a matching equilibrium

Chaigneau, Pierre; Sahuguet, Nicolas - 2013

Persistent link: https://www.econbiz.de/10010345872

Institutional ownership, analyst following and share prices

Fernando, Chitru S.; Gatčev, Vladimir A.; Spindt, Paul A. - 2010

Persistent link: https://www.econbiz.de/10010251478

Effect of institutional ownership on dividends : an agency-theory-based analysis

Chang, Kiyoung; Kang, Eun; Li, Ying - In: Journal of business research : JBR 69 (2016) 7, pp. 2551-2559

Persistent link: https://www.econbiz.de/10011491398

The government as a large shareholder : impact on firm value and corporate governance

Fernandes, Marcelo; Novaes, Walter - 2015

The subprime crisis led to a wave of government interventions in the private sector that has been particularly strong in Europe and Latin America, where several governments are large shareholders in a variety of public firms. In a sense, the subprime crisis induced these governments to behave as...

Persistent link: https://www.econbiz.de/10011405286