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of foreign block ownership, at a broad set of publicly traded corporations. Disclosed institutional blockholders of every …This short technical report provides an empirical analysis of the level of institutional block ownership overall, and … company in the Standard & Poor's 500 index are analyzed, and the distribution of blockholders is presented. Blockholders are …
Persistent link: https://www.econbiz.de/10011581995
This paper reviews the theoretical and empirical literature on the role of blockholders (large shareholders) in … corporate governance. We start with the underlying property rights of public corporations; we discuss how blockholders are … critical in addressing free-rider problems and why, like owners of private property in general, blockholders are likely to be …
Persistent link: https://www.econbiz.de/10014023374
Corporate governance is concerned with the resolution of collective action problems among dispersed investors and the reconciliation of conflicts of interest between various corporate claimholders. In this survey we review the theoretical and empirical research on the main mechanisms of...
Persistent link: https://www.econbiz.de/10014023875
equity owned firms. Among public companies, purpose is lower for firms with high hedge fund ownership and higher for firms …
Persistent link: https://www.econbiz.de/10012109293
reforms in India, the results of our empirical analysis provide evidence of strong ownership effects with board independence …
Persistent link: https://www.econbiz.de/10011852430
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
This chapter surveys the theoretical and empirical research on the main mechanisms of corporate law and governance, discusses the main legal and regulatory institutions in different countries, and examines the comparative governance literature. Corporate governance is concerned with the...
Persistent link: https://www.econbiz.de/10014023498
Purpose The ownership structure in Japanese firms has experienced a significant change recently, fueled primarily by … ownership on the default risk of Japanese firms. Design/methodology/approach We collected data from the Nikkei Corporate … using alternative estimation techniques. Findings Results show a significant positive influence of insider ownership on …
Persistent link: https://www.econbiz.de/10014636984
CEMs to measure the divergence between control and ownership rights. Supporting the rent extraction hypothesis, holding … business group companies have lower dividend payouts as the divergence between control and ownership rights widens and the …
Persistent link: https://www.econbiz.de/10012174917
This paper outlines the foundations of corporate governance. The discussion includes a review on the modern corporation, transaction costs theory, agency costs theory, legal investor protection, investor protection by corporate governance and its various mechanisms, as well as an overview of the...
Persistent link: https://www.econbiz.de/10009565384