. Secondly, the impact of ownership structure on the share price performance and corporate risk is empirically analysed for …

about this concentration.The main characteristics of the Belgian corporate ownership and equity market can be summarised as … ownership concentration with an average largest direct shareholding of 45%, (iii) holding companies and families, and to a … control blocks through business group structures and voting pacts, (iv) control is levered by pyramidal and complex ownership …

expected to both advise and monitor the CEO to ensure that shareholders' wealth is maximized. The more independent directors …

shareholders. We describe the various forms that tunnelling can take, and examine under what circumstances it is legal. We discuss …

This paper provides evidence on the role of large shareholders in monitoring company value from a developing country …

We investigate the cost of capital in a model with an agency conflict between inside managers and outside shareholders …. Inside ownership reflects the classic tradeoff between incentives and risk diversification, and the severity of agency costs …, inside ownership, and the marginal cost of capital. We discuss implications for the determinants of firm size, the …

's financial education, CEO's ownership and their optimism bias can explain distortions in corporate investment policy since they …

We examine the incentive effects of private equity (PE) professionals' ownership in the funds they manage. In a simple … model, we show that managers select less risky firms and use more debt financing the higher their ownership. We test these … risk decreases and leverage increases with the manager's ownership in the fund, but largely only when scaled with her …