Purpose – The objective of this paper is to examine the relationship between some aspects of governance (such as ownership structure and characteristics of the board), the efficiency of intellectual capital and the economic and market performance of a sample of Italian listed companies....

The paper extends previous research on the topic of intellectual capital (IC) and the relationship between ownership concentration (OC) and firm performance. The ambitious goal of this work is to answer three questions: (1) Whether there is a relationship between IC and firm performance; (2)...

The relationship between ownership structure and corporate performance might be remarkably strong and informative within transition economies. In this research, we explore this relationship, referring to the example of the Republic of Serbia. For that purpose, appropriate linear models have been...

Causal evidence on the effect of managerial ownership on firm performance is elusive due to a lack of within-firm variation and credible empirical designs. We identify this causal effect by exploiting the 2003 Tax Cut as a natural experiment, which increased net-of-tax effective managerial...

This paper examines the relation between business group affiliation and the cost of debt capital. The co-insurance effect associated with business groups can reduce the cost of debt, while expropriation by controlling shareholders can raise the cost of debt. We find that firms affiliated with...

The objective of this paper is to provide evidence whether firms with more or less concentrated ownership and better corporate governance will have better performance and enjoy higher credit ratings, as default risk will be reduced. While some theories and empirical studies suggest that...

This paper examines the relationship between ownership, corporate governance and liquidity in a Caribbean setting. Results show that firms with concentrated ownership are associated with lower liquidity. Further, the direction of the association depends on the identity of the largest...

This paper investigates the impact of ownership and ownership concentration on the performance of China's listed firms. By recognizing the differences between ownership and ownership concentration, and between total ownership concentration and tradable ownership concentration, we find that...

This paper provides a parallel investigation on the impact of board composition, board activity and ownership concentration on the performance of listed Chinese firms. We find that independent directors enhance firm performance effectively than other board factors. The frequency of shareholder...

The effectiveness of the well-known corporate governance practices may not be universal due to fundamental differences in the environments under which firms operate. By using hand-collected data from all the non-financial firms listed on the unexplored East African frontier markets (i.e., Kenya,...