Showing 1 - 10 of 9,057
This paper analyses the German corporate law reform's effect on the publicly listed companies' ownership and … an empirical analysis using 1997-2008 panel data consisting of ownership, Tobin's Q, and sales growth follows. Empirical … evidence shows that ownership has become more dispersed (the total number of shareholders is larger) and that it had a positive …
Persistent link: https://www.econbiz.de/10013133571
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
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
for state-owned institutions' perspective), the effect of their ownership on firm performance depends on whether they are … management decisions and improve shareholder value. In contrast, grey institutional ownership is either negatively or …
Persistent link: https://www.econbiz.de/10014500466
This study investigates the moderating role of ownership structure in the nexus between corporate governance and the … that block ownership moderates the relationship between board size, board independence, and the financial performance of …
Persistent link: https://www.econbiz.de/10014433712
Board composition is central to the worldwide corporate governance reforms that have taken place in recent years. The strong emphasis on director independence and board leadership is now part of all corporate governance regimes, including the regimes which has been introduced in Malaysia. It is...
Persistent link: https://www.econbiz.de/10012176407
In emerging markets, the deviation between the ultimate controlling shareholders' voting rights and their cash flow rights (hereafter “DVC”) in the listed firms is quite prevalent. DVC could be introduced due to the ultimate controlling shareholders' opportunistic incentives, as well as by...
Persistent link: https://www.econbiz.de/10011823380
compare them against their year-industry-size-matched firms (control group) before and after the ownership change. Difference …
Persistent link: https://www.econbiz.de/10010355189
This study examines the effect of different dimensions of ownership structure in corporate performance. The data that … different dimensions of ownership structures that are included in the study are: board ownership, concentrated ownership …, foreign ownership, and institutional ownership. In addition, firm performance is estimated by three measures: Tobin's Q, ROA …
Persistent link: https://www.econbiz.de/10013100109
firms' boards in mitigating or exacerbating agency problems, using the setting of an emerging market with a high level of … ownership concentration and family control. Indonesia is among economies that adopt a two-tier board system, where corporations …, family-controlled firms are likely to mitigate agency issues by employing smaller boards. Further, board independence is …
Persistent link: https://www.econbiz.de/10013100663