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institutional ownership and activist institutional ownership in particular, lost value on October 4, 2010, when the SEC unexpectedly …
Persistent link: https://www.econbiz.de/10013115570
. Using c.500 articles of association and ownership records of publicly-traded Victorian corporations, we find that … shareholder protection had more diffuse ownership. …
Persistent link: https://www.econbiz.de/10011523499
. Using c. 500 articles of association and ownership records of publicly-traded Victorian corporations, we find that … shareholder protection had more diffuse ownership. …
Persistent link: https://www.econbiz.de/10011521411
: French-speaking directors are prevalent in Swiss French boards and German-speaking directors in Swiss German boards. More … importantly, however, boards of these two parts of Switzerland are more likely to be structured as in their respective neighboring …
Persistent link: https://www.econbiz.de/10009565389
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
's Reform in 2004, to their corporate governance and ownership structures. This research has a twofold target. For one extent it … the paper provides a wide analysis of the ownership structures of unlisted joint stock Italian companies and of the …
Persistent link: https://www.econbiz.de/10013081101
findings, it can be expected that after a time lag ownership concentration would decrease in continental Europe. However, our … evidence is mixed. The analysis of the development of shareholder structures from different perspectives - ownership … concentration, shareholder classes and ownership distribution - revealed only limited support for the Law and Finance arguments. The …
Persistent link: https://www.econbiz.de/10014197939
general. In particular, target companies have a particular ownership structure that must fit the paradigm contemplated by the … law does not get the ownership structure and the deal right, and dissatisfaction in the M&A market, public opinion, and … overreactive in nature, stymie the market, and create new opportunities for regulatory arbitrage. This is not surprising: takeover …
Persistent link: https://www.econbiz.de/10012898923
We allow the preference of a political majority to determine boththe corporate governance structure and the division of profits betweenhuman and financial capital. In a democratic society where financialwealth is concentrated, a political majority may prefer to restraingovernance by dispersed...
Persistent link: https://www.econbiz.de/10011337975
This study investigates the transition from being a listed company with a dispersed ownership structure to being a … privately held company with a concentrated ownership structure. We consider a sample of private equity backed portfolio … comparable public companies. These performance differences come from the increase in ownership concentration after the leveraged …
Persistent link: https://www.econbiz.de/10010225758