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Corporate governance is concerned with the resolution of collective action problems among dispersed investors and the reconciliation of conflicts of interest between various corporate claimholders. In this survey we review the theoretical and empirical research on the main mechanisms of...
Persistent link: https://www.econbiz.de/10014023875
CEMs to measure the divergence between control and ownership rights. Supporting the rent extraction hypothesis, holding … business group companies have lower dividend payouts as the divergence between control and ownership rights widens and the …
Persistent link: https://www.econbiz.de/10012174917
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
This chapter documents the evolution of ownership and control of firms around the world over a hundred year period from … stock markets and contrasts these with the persistent patterns of ownership that are observed in many countries around the … world. In particular, it documents the growth in dispersion in ownership that took place in many countries from the early …
Persistent link: https://www.econbiz.de/10014023371
We examine the relation between ownership structure and M&A target selection when family firms pursue public firm …
Persistent link: https://www.econbiz.de/10014436267
Persistent link: https://www.econbiz.de/10012025445
Pragmatic and effective research on corporate governance often turns critically on appreciating the legal institutions surrounding corporate entities—yet such nuances are often unfamiliar or poorly specified to economists and other social scientists without legal training. This chapter...
Persistent link: https://www.econbiz.de/10014023367
Persistent link: https://www.econbiz.de/10012430737
supervisory board attributes (size and cross-membership), and ownership structure (family and government). The generalized least …
Persistent link: https://www.econbiz.de/10014420389
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