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1. Chapter One: Introduction -- 2. Chapter Two: Self-Ownership and Property Rights -- 3. Chapter Three: Legacies of … self-ownership and individual responsibility. They correctly point out that the hardships that the ancestors of those now …
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. Inside ownership reflects the classic tradeoff between incentives and risk diversification, and the severity of agency costs …, inside ownership, and the marginal cost of capital. We discuss implications for the determinants of firm size, the … relationship between Tobin's Q and ownership, and the effect of financial liberalizations. …
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This paper builds a new dataset on bank ownership and bank performance covering approximately 50,000 observations for … ownership and bank performance, providing separated estimations for developing and industrial countries. It is found that, while … ownership is strongly correlated with performance in developing countries, that ownership is not correlated with performance in …
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Banks play a role in the corporate governance of firms as well as acting as debt financiers around the world. Universal banks can have control over borrowing firms by representation on the board of directors or by holding shares through direct stakes or institutional holdings. We investigate the...
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