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Blockholder Ownership and Corporate Control : The Role of Liquidity

Gerken, William Christopher - 2014

Employing an instrumental variable approach based on the regulatory change of tick sizes, I examine the link between the liquidity of a firm's equity and activism by large shareholders. I find that liquidity increases the likelihood of block formation. Blockholders of more liquid securities take...

Persistent link: https://www.econbiz.de/10013051337

Institutional cross-ownership, heterogeneous incentives, and negative premium mergers

Oldford, Erin; Otchere, Isaac - In: Review of quantitative finance and accounting 57 (2021) 1, pp. 321-351

Persistent link: https://www.econbiz.de/10012549930

Blockholder Identity, Equity Ownership Structures, and Hostile Takeovers

Kahl, Matthias - 2006

We determine firms' equity ownership structures and provide a theory of hostile takeovers by distinguishing the roles …-cost free' capital is scarce. We investigate the allocation of this scarce resource. A hostile takeover is the consequence of a … investors. Even though all firms are ex ante identical, some may rely on the takeover mechanism while others rely on permanent …

Persistent link: https://www.econbiz.de/10012783983

Der Leveraged Buyout in den USA und der Bundesrepublik Deutschland : eine agency-theoretische Betrachtungsweise

Kessel, Annette - 1995

Persistent link: https://www.econbiz.de/10012700000

Corporate Buyouts in Deutschland : Entwicklung eines Entscheidungsmodells für Kapitalbeteiligungsgesellschaften

Titzrath, Barbara - 1994

Persistent link: https://www.econbiz.de/10012700201

Global ownership patterns

Mariscal, Asier - In: Journal of economic dynamics & control 131 (2021), pp. 1-52

Persistent link: https://www.econbiz.de/10012818242

How long is a long-term-firm investment in the presence of governance mechanisms?

Mavruk, Taylan; Carlsson, Evert - In: Eurasian business review 5 (2015) 1, pp. 117-149

governance mechanisms, such as takeover threats, successfully influence managers facing reputational concerns, which may have a …

Persistent link: https://www.econbiz.de/10011631004

Signalling to dispersed shareholders and corporate control

Burkart, Mike; Lee, Samuel - In: The review of economic studies 82 (2015) 3, pp. 922-962

Persistent link: https://www.econbiz.de/10011346125

Does the Mandatory Bid Rule Add Value to Target Shareholders?

Eswar, Sapnoti - 2019

participate in a takeover transaction at equal terms – affects target announcement returns. I use a difference …

Persistent link: https://www.econbiz.de/10012904998

Global Ownership and Corporate Control Networks

Rungi, Armando - 2019

In this contribution, at first, we introduce a basic network framework to study pyramidal structures and wedges between ownership and control of companies. Then, we apply it to a dataset of 53.5 million of companies operating in 208 countries. Among others, we detect a strong concentration of...

Persistent link: https://www.econbiz.de/10012901128