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Agency conflicts around the world
Morellec, Erwan; Nikolov, Boris; Schürhoff, Norman - 2015
agency conflicts are largely due to differences in firm-level governance, ownership concentration, and other firm …, the latter being smaller in civil law countries where ownership is more concentrated …
Persistent link: https://www.econbiz.de/10011410744
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Determinants of acquisition and failure: stylized facts and lessons for empirical studies
Köke, Jens - 2001
This study provides new stylized facts on the determinants of corporate failure and acquisition in Germany. It also offers important lessons for the design of empirical studies. We show that firms experiencing failure or acquisition are significantly different from surviving firms on a number of...
Persistent link: https://www.econbiz.de/10010297767
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Capital structure decisions in family firms: empirical evidence from a bank-based economy
Ampenberger, Markus; Schmid, Thomas; Achleitner, Ann-Kristin - 2009
the influence of three distinct components of a family firm: ownership, supervisory and management board activities by the … contrast, the influence of ownership and supervisory board representation is insignificant in almost all of our models. In line …
Persistent link: https://www.econbiz.de/10010305690
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On the relevance of ownership structure in determining the maturity of debt
Marchica, Maria - 2008
I show that ownership by blockholding and board composition is an important determinant of corporate debt maturity … link with insider ownership is non-linear. …
Persistent link: https://www.econbiz.de/10010277921
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Determinants of acquisition and failure : stylized facts and lessons for empirical studies
Köke, F. Jens - 2001
This study provides new stylized facts on the determinants of corporate failure and acquisition in Germany. It also offers important lessons for the design of empirical studies. We show that firms experiencing failure or acquisition are significantly different from surviving firms on a number of...
Persistent link: https://www.econbiz.de/10011446202
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Corporate governance and leverage : evidence from a natural experiment
Arping, Stefan; Sautner, Zacharias - 2009
We argue that the recent corporate governance reform in the Netherlands provides a natural experiment to explore the impact of changes in corporate governance on financing policy. We find that, relative to a control sample of comparable firms outside the Netherlands, Dutch firms significantly...
Persistent link: https://www.econbiz.de/10011380020
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Capital structure decisions in family firms : empirical evidence from a bank-based economy
Ampenberger, Markus; Schmid, Thomas; Achleitner, Ann-Kristin - 2009
the influence of three distinct components of a family firm: ownership, supervisory and management board activities by the … contrast, the influence of ownership and supervisory board representation is insignificant in almost all of our models. In line … effects. -- Family firms ; family ownership ; family management ; founder CEO ; agency costs ; capital structure ; debt …
Persistent link: https://www.econbiz.de/10003858192
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Structure and determinants of financial covenants in leveraged buyouts - evidence from an economy with strong creditor rights
Achleitner, Ann-Kristin; Braun, Reiner; Tappeiner, Florian - 2009
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
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Who cares? : corporate governance in today's equity markets
Isaksson, Mats; Çelik, Serdar - 2013
means that concentrated ownership at company level has become the dominant form of ownership in listed companies worldwide …
Persistent link: https://www.econbiz.de/10009775539
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On the relevance of ownership structure in determining the maturity of debt
Marchica, Maria (contributor) - 2008
I show that ownership by blockholding and board composition is an important determinant of corporate debt maturity … link with insider ownership is non-linear. -- debt maturity ; ownership structure ; corporate governance ; endogeneity …
Persistent link: https://www.econbiz.de/10003732470