reforms in India, the results of our empirical analysis provide evidence of strong ownership effects with board independence …

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 …

describe the post-privatization ownership structure and to test the effect of alternative privatization policies on firm … significant effect of private ownership share on the level and growth of labor productivity, the estimates ranging from 13 to 32 … and domestic blockholders, but insider and mass privatization are also estimated to have positive, although smaller …

factors: family ownership and source of the competitive pressure. A novel aspect of our paper is that we rely on two …