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. Thereby, a multitude of originary family variables represent most aspects of family ownership, control, and management …
Persistent link: https://www.econbiz.de/10009482315
years. It makes two principal arguments. First, because the separation of ownership and control was one of the rationales … for the introduction of the corporate form, we should not be surprised that corporate ownership has generally been diffuse … ownership. …
Persistent link: https://www.econbiz.de/10014449161
business decisions, risk management, control that set the economic path of the company is mandatory for proving that the …
Persistent link: https://www.econbiz.de/10011268713
Persistent link: https://www.econbiz.de/10005674391
control benefits. This suggests a relation between regulation and the structure of ownership of companies that goes beyond …Data from the EU?s Large Holdings Directive (88/627/EEC) allow detailed analyses of the control of European … of the European Corporate Governance Network. It records high levels of concentration of control of corporations in many …
Persistent link: https://www.econbiz.de/10011187201
blocks through business group structures and voting pacts, (iv) control is levered by pyramidal and complex ownership …This paper analyses the control of Belgian listed companies. The analysis reveals that control of listed companies in … this concentration. The main characteristics of the Belgian corporate ownership and equity market can be summarised as …
Persistent link: https://www.econbiz.de/10011092838
A hierarchically structured rent-seeking contest may be associated with lower equilibrium expenditure than a corresponding flat contest. In this chapter we discuss how this fact may be used to explain the structure of organizations such as firms, including why firms commonly have outside owners.
Persistent link: https://www.econbiz.de/10011381246
In many countries, the legal system or social norms ensure that firms are stakeholder oriented. We analyze the advantages and disadvantages of stakeholder-oriented firms that are concerned with employees and suppliers compared to shareholder-oriented firms in a model of imperfect competition....
Persistent link: https://www.econbiz.de/10010333402
Business groups in emerging markets perform better than unaffiliated firms. One explanation is that business groups substitute some functions of missing institutions, for example, enforcing contracts. We investigate this by setting up a model where firms within the business group are connected...
Persistent link: https://www.econbiz.de/10010333894
Equity ties between businesses change the division of the firms' joint profits, thereby affecting incentives for relation-specific investments and other strategic actions. Depending on which side owns the equity and how readily the equity can be resold, we find that the changed incentives can...
Persistent link: https://www.econbiz.de/10010334612