This paper studies the separation of ownership and control of 108 listed companies in Colombia from 1996 to 2002 … examines the association of various ownership and control measures and separation ratios with a firms value and performance for …, finding that voting rights are greater than cash flow rights because of indirect ownership across firms. The paper also …

actual owners and controllers. In particular, in continental Europe and in Asia, control tunnelling appears frequently … through pyramidal structure. After describing the ownership structure through a graph association, this paper analyses the … voting game at stake in the race for control. It compares existing methods and algorithms to identify the owners and …

We examine for the first time the association of different measures of ownership and control, and separation ratios … control and ownership tends to increase, a negative effect is exerted on firm’s valuation. Furthermore, we report first …

Electrica agreements. This article studies the impact of this transfer of property by means of the Banzhaf control index. The … results show that the agreements have only modestly changed Suez’ control intensity on Elia. …

We study the separation of ownership and control for an average of 140 listed non-financial Corporations in Colombia … greater than cash flow rights because of the presence of indirect ownership across firms that belong mainly to pyramidal and … cross share holdings. The study sample also includes an important set of non-affiliated firms. Ownership statistics show …

This paper analyses ownership and control structures of Dutch listed companies. Legislation effective since 1992 … that the average ownership stakes of the largest and the three largest shareholders are 27% and 41%, respectively. The … average ownership stakes of banks, insurance companies and other financial institutions are relatively low. We observe that …

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 …In Eurasia, Turkey has a "crony" capitalist system with majority control and business groups (BGs) in the hands of a …

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 …

The paper analyses the ownership structure of a large sample of Spanish listed companies. The results are analysed in … terms of governance implications under the agency theory context. The results show a picture with concentrated ownership … where stock markets are relatively low important. Direct ownership and voting blocks, which account for indirect ownership …

This paper analyses ownership and control structures of Dutch listed companies. Legislation effective since 1992 … that the average ownership stakes of the largest and the three largest shareholders are 27% and 41%, respectively. The … average ownership stakes of banks, insurance companies and other financial institutions are relatively low. We observe that …