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This chapter documents the evolution of ownership and control of firms around the world over a hundred year period from … stock markets and contrasts these with the persistent patterns of ownership that are observed in many countries around the … world. In particular, it documents the growth in dispersion in ownership that took place in many countries from the early …
Persistent link: https://www.econbiz.de/10014023371
different measures produce very different results. But, whichever measure is used, taking account of pyramid ownership … ultimate control rights measures are adequate on their own, suggesting that further work on ownership structure and pyramids is …
Persistent link: https://www.econbiz.de/10011450369
-float are likely to grant stock-based long-term incentives. Furthermore, we find that high inside ownership and large … blockholders are negatively correlated with the probability of granting stock-based long-term incentives. Finally, we find that an …
Persistent link: https://www.econbiz.de/10010305700
Diese Arbeit analysiert die wesentlichen Elemente der Vertragsstrukturen in der Venture Capital-Industrie. Aufbauend auf einem sehr umfangreichen und detaillierten Datensatz, der die Verträge zwischen Venture Capital-Investoren und deren Portfoliounternehmen abbildet, werden die Kontroll-,...
Persistent link: https://www.econbiz.de/10003864100
to be driven mainly by firms with managerial ownership. In a second step, we test how different corporate governance … this phenomenon. -- Accrual Anomaly ; Earnings Quality ; Corporate Governance ; Managerial Ownership ; Capital Market …
Persistent link: https://www.econbiz.de/10003850495
-float are likely to grant stock-based long-term incentives. Furthermore, we find that high inside ownership and large … blockholders are negatively correlated with the probability of granting stock-based long-term incentives. Finally, we find that an …
Persistent link: https://www.econbiz.de/10003850497
listed companies. This article introduces the concept of an ownership-based style index of listed firms in Germany, the … recent developments. -- insider ownership ; style index ; ownership structure ; corporate governance …
Persistent link: https://www.econbiz.de/10003919575
We apply control rights theory to explain the structure and determinants of financial covenants in private equity backed leveraged buyouts. We analyze 130 German transactions from 2000 to 2008, covering about 40 percent of the LBO market during this period. We consider Germany to be a superior...
Persistent link: https://www.econbiz.de/10003919605
Index ; Ownership Structure ; Corporate Governance …
Persistent link: https://www.econbiz.de/10008659201
consequences of concentrated ownership, these results suggest that bank influence serves as a substitute control mechanism, one of …
Persistent link: https://www.econbiz.de/10011511071