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Oligarchs, Foreign Powers and the Oppressed Minority : Regulating Corporate Control in Latin America
Berdejó, Carlos - 2019
Corporate law and governance scholarship has traditionally focused on understanding the agency costs that result from unresolved conflicts of interest between shareholders and management. This agency problem becomes trivial when corporate ownership is concentrated, as is the case in many...
Persistent link: https://www.econbiz.de/10012871106
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The link between firm risk-taking and CEO power of listed firms on the Vietnamese stock market : the role of state ownership
Ngoc Thanh Tran; Thi Ngoc Dung Pham; Dien Duan Nguyen; … - In: Cogent business & management 11 (2024) 1, pp. 1-16
shareholder benefit. However, predicting CEO behaviour remains challenging, especially when considering CEO power (CEOP). Hence … 2010 to 2020. Utilizing the Entropy weight methodology, a CEOP index combines structural, ownership, and expert power … the Chief Executive Officer (CEO). Hence, this study explores the interaction between CEO power and firm risk-taking in …
Persistent link: https://www.econbiz.de/10014526511
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How weak is the weakest-link principle? : on the measurement of firm owners' control rights
Weichenrieder, Alfons J.; Edwards, Jeremy S. S. - 2004
voting power indices, is proposed, and the different measures are compared using a sample of large listed German firms. The …
Persistent link: https://www.econbiz.de/10011450369
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Varieties and Mechanisms of Common Ownership : A Calibration Exercise for Competition Policy
Tzanaki, Anna - 2021
Minority shareholdings have been on the regulatory agenda of competition authorities for some time. Recent empirical studies, however, draw attention to a new, thought provoking theory of harm: common ownership by institutional investors holding small, parallel equity positions in several...
Persistent link: https://www.econbiz.de/10013241599
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Interventions by Common Owners
Shekita, Nathan - 2020
Common ownership exists when investors concurrently hold partial and significant shares in related firms. In this paper, I compile, document, and taxonomize 30 separate cases of intervention to demonstrate how common owners influence firm behavior. Although previous literature has identified a...
Persistent link: https://www.econbiz.de/10012827564
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The Conundrum of Common Ownership
Hill, Jennifer G. - 2020
The common ownership debate has become one of the most contentious issues in corporate law today. This debate is a by-product of major changes to capital market ownership structure, which have triggered concerns about the rise of institutional investors, the growth of index investing, and the...
Persistent link: https://www.econbiz.de/10012840420
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Horizontal Shareholding
Elhauge, Einer - 2016
Horizontal shareholdings exist when a common set of investors own significant shares in corporations that are horizontal competitors in a product market. Economic models show that substantial horizontal shareholdings are likely to anticompetitively raise prices when the owned businesses compete...
Persistent link: https://www.econbiz.de/10013004193
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The Strategies of Anticompetitive Common Ownership
Hemphill, C. Scott - 2020
Scholars and antitrust enforcers have raised concerns about anticompetitive effects that may arise when institutional investors hold substantial stakes in competing firms. Their concern rests on empirical evidence that such common concentrated ownership is associated with higher prices and lower...
Persistent link: https://www.econbiz.de/10012851909
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Transaction Costs in Common Ownership
Khoo, Kenneth - 2022
A phenomenon known as “Common Ownership” arises when shareholders hold substantial stakes in competing firms. Although recent empirical evidence has illustrated how common concentrated owners are associated with higher product market prices and lower output, scholars remain divided as to the...
Persistent link: https://www.econbiz.de/10013293643