pre-determined by high concentration of corporate ownership and control in the hands of blockholders existing in every … major company and bank, ownership still inseparable from the management function, hostile institutional environment with …

degree of concentration of control, managerial experience, degree of compliance with corporate governance best practices (e … differences in valuation. We discover that external investors attach value to high concentration of ownership, sheer size of the …

We study the evolution of the control structure for a large sample of privatized firms in OECD countries and find … evidence broadly consistent with the concept of "reluctant privatization", defined as the transfer of ownership rights in State …-owned enterprises without a corresponding transfer of control rights. Indeed, as of 2000, governments are the largest shareholder or use …

This paper shows that pyramidal ownership can be used to control downside risk. The research setting is Thailand before …

、役員が自身所有する当該企業の株式数と企業業績の関係を分析することにある。この論文では、役員による株式保有が企業業績に正の影響を与えていることを、日本の上場企業のデータを用いて実証的に示した。この結果は役員の持株がいわゆるエージェンシー問題に対するひとつの解決となっていることを示唆している。, The effect of managerial ownership on firm performance: case in Japan Although average Japanese director own their … ownership and firm's performance in Japan. The purpose of this paper is to investigate the effect of managerial ownership on … firm performance in Japan. According to agency theory, the company with higher managerial ownership may perform better than …

structures. A distinguishing characteristic of the financing of new technology firms is their evolving pattern of control by …