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This short technical report provides an empirical analysis of the level of institutional block ownership overall, and … of foreign block ownership, at a broad set of publicly traded corporations. Disclosed institutional blockholders of every … in three companies in the S&P 500 has one or more block holders with 20 % ownership, and one in eleven (9%) has one or …
Persistent link: https://www.econbiz.de/10011581995
This paper studies how a bank's diversification affects its own risk taking behavior and the risk taking of competing, nondiversified banks. By combining theories of bank organization, market structure and risk taking, I show that greater geographic diversification of banks changes a bank's...
Persistent link: https://www.econbiz.de/10013016883
Horizontal shareholding exists when significant shareholders have stock in horizontal competitors. (It is often imprecisely called "common shareholding," but that term can also apply when shareholders own stock in two noncompeting corporations. It differs from "cross-shareholding," which...
Persistent link: https://www.econbiz.de/10011685455
This Article shows that new economic proofs and empirical evidence provide powerful confirmation that, even when horizontal shareholders individually have minority stakes, horizontal shareholding in concentrated markets often has anticompetitive effects. The new economic proofs show that,...
Persistent link: https://www.econbiz.de/10011810808
This Written Statement presents aspects in China's corporate governance framework, state corporate ownership and … control, and the Chinese Communist Party's roles in corporate governance. It was submitted as part of a testimony before the U …
Persistent link: https://www.econbiz.de/10013237647
Germany's bank-based system of internal control, ownership concentration is harmful for productivity growth. …
Persistent link: https://www.econbiz.de/10011443499
This paper proposes a theoretical model that incorporates corporate governance into the basic CAPM, where corporate governance affects the disutility of managerial effort and the possibility of managers to divert company resources. It shows that corporate governance affects firms’ stock...
Persistent link: https://www.econbiz.de/10010212666
This study analyzes the effect that banks' investments in corporate social responsibility (CSR) have on bank performance. I find that banks' investments in CSR have a positive impact on financial performance, measured in terms of both accounting performance and stock market value. However, not...
Persistent link: https://www.econbiz.de/10012321121
banks can have control over borrowing firms by representation on the board of directors or by holding shares through direct …' governance accrue mostly to the banks. -- Universal banking ; Syndicated loans ; Corporate boards ; Ownership …
Persistent link: https://www.econbiz.de/10003867057
Persistent link: https://www.econbiz.de/10003900270