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Blockholders presence is a common attribute of modern corporations around the world. This work studies the effect of the presence of multiple blockholder in firm valuation for a sample of Latin American firms. To this effect, several measures of control contestability were constructed. Using OLS...
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. Furthermore, contestability has a greater influence in family firms that have the most concentrated ownership. We also find that … the legal framework attenuates the impact of the balance of ownership. Here, contesting control acts as an internal …, oversight by multiple large, non-related shareholders (balanced ownership concentration) becomes an important governance …
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We investigate CEO power on corporate performance in Sri Lanka, characterized by ethno-linguistic and religious boundaries and complex power hierarchies, and by ethnic conflicts and a subsequent reconciliation process. We focus on a CEO’s social-dominance power, based on ethnicity, gender, and...
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