We examine the relation between market liquidity and ownership concentration and the effect of different types of blockholders on stock market liquidity in Germany. For the overall sample high ownership concentration is negatively related to market liquidity as measured by an...

Using a sample of 49 countries, La Porta et al. show that countries whose legal rules originate in the common-law tradition tend to protect investors considerably more than the countries whose legal rules originate in the civil-law, and especially the French-civil-law tradition, with the...

Author examines the situation while the parent company controls the subsidiary and the subsidiary possess the sharing at the parent company equity. A formula for effective holding is derived and proofed for a parent-subsidiary simplified structure. A short overview of the audit consequences is...

An important mechanism to monitor the firm's activities and assure investors to get an appropriate return on their investment is corporate governance (CG). In fact, corporate ownership structure is the most major and determining factor in CG mechanism influencing the scope of a firm performance....