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This paper analyzes the interaction between shareholder structures and the quality of the corporate governance structure in France using the value creation criterion. Using shareholder structures allows to analyze the performance of French firms and to measure an underperformance of “hard...
Persistent link: https://www.econbiz.de/10013120688
This paper analyzes the interaction between shareholder structures and the quality of the corporate governance structure in France using the value creation criterion. Using shareholder structures allows analyzing the performance of French firms and to measure an underperformance of “hard...
Persistent link: https://www.econbiz.de/10013120689
We investigate whether and how major shareholders influence M&A wealth effects for listed acquirers in Europe. To that … strong connections of family owners with management in family-controlled firms. Next, large institutional shareholders all … overconfidence. As to the division of M&A gains, we find that regardless of their identity, large acquirer shareholders tend to put …
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