Showing 1 - 10 of 511
This article examines how heterogeneous features among business groups influence the corporate diversification – firm performance relationship. The study classifies heterogeneity along three dimensions: group size, group diversity, and share ownership. Using a sample of firms from India, the...
Persistent link: https://www.econbiz.de/10013114649
the form of CEO compensation under an imperfect governance institution by using a novel Chinese dataset over 2001 … minority shareholders, and we present a simple model to link corporate governance and the degree of entrenchment by the largest … focus on the effects of corporate governance restructuring on executive compensation and controlling shareholders' tunneling …
Persistent link: https://www.econbiz.de/10013090224
result of a breakdown in corporate governance regimes and market discipline. New EU regulations strongly advocate market … argues that excessive EU focus on corporate governance reforms, as a means to improve financial stability, detracts attention …
Persistent link: https://www.econbiz.de/10013065229
investors since the early 1990s and its relation to major international corporate governance developments. It analyzes aspects … of common ownership theory in light of these contemporary corporate governance developments, and argues that drawing …
Persistent link: https://www.econbiz.de/10012840420
This paper studies the effect of common ownership on corporate social responsibility (CSR). We find that common ownership is positively associated with a firm's CSR score. The effect is stronger for firms in more competitive industries. We propose a two-stage duopoly game in which CSR serves as...
Persistent link: https://www.econbiz.de/10012826362
Horizontal shareholdings exist when a common set of investors own significant shares in corporations that are horizontal competitors in a product market. Economic models show that substantial horizontal shareholdings are likely to anticompetitively raise prices when the owned businesses compete...
Persistent link: https://www.econbiz.de/10013004193
corporate governance scholarship.In this Article, we examine the causal mechanisms that might link common ownership to …
Persistent link: https://www.econbiz.de/10012851909
; and iii) the plausibility of common owners’ anticompetitive strategies from a corporate governance perspective. Drawing a …
Persistent link: https://www.econbiz.de/10013241599
A phenomenon known as “Common Ownership” arises when shareholders hold substantial stakes in competing firms. Although recent empirical evidence has illustrated how common concentrated owners are associated with higher product market prices and lower output, scholars remain divided as to the...
Persistent link: https://www.econbiz.de/10013293643