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CORPORATE GOVERNANCE: CHALLENGES FOR LATIN AMERICA
LEFORT, FERNANDO; WALKER, EDUARDO - In: Abante 2 (2000) 2, pp. 99-111
, property and control structures in Chile, Brazil, Mexico and East Asia. Also, the role of pension funds in Chilean corporate … structures are diverse, being notably simpler in Chile. Finally, in this particular article some of the recently proposed legal … reforms in Chile are analyzed, especially those related with mandatory tender offer requirements. …
Persistent link: https://www.econbiz.de/10005813742
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Effect of Ownership, Governance, and Transparency on Liquidity – Chilean Evidence
Mahenthrian, Sakthi - 2013
characterize Chile's Santiago Stock Exchange. Within this setting, we study the relationship between ownership concentration …
Persistent link: https://www.econbiz.de/10013075506
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Effect of Ownership, Governance, and Transparency on Liquidity – Chilean Evidence
Mahenthrian, Sakthi - 2018
characterize Chile's Santiago Stock Exchange. Within this setting, we study the relationship between ownership concentration …
Persistent link: https://www.econbiz.de/10012928068
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Oligarchs, Foreign Powers and the Oppressed Minority : Regulating Corporate Control in Latin America
Berdejó, Carlos - 2019
Corporate law and governance scholarship has traditionally focused on understanding the agency costs that result from unresolved conflicts of interest between shareholders and management. This agency problem becomes trivial when corporate ownership is concentrated, as is the case in many...
Persistent link: https://www.econbiz.de/10012871106
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Stock Liquidity and Second Blockholder as Drivers of Corporate Value : Evidence from Latin America
Pombo, Carlos; Taborda, Rodrigo - 2015
This paper examines the relationship between firm value and blockholders in Latin America. Econometric results for a comprehensive data set of more than 550 firms listed in the six largest stock markets of the region support a positive effect of variables measuring the existence, contestability,...
Persistent link: https://www.econbiz.de/10014131495
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Blockholder dispersion and firm value
Konijn, Sander J. J.; Kräussl, Roman; Lucas, André - 2009
This paper analyzes the impact of blockownership dispersion on firm value. Blockholdings by multiple blockholders is a widespread phenomenon in the U.S. market. It is not clear, however, whether dispersion among blockholder is preferable to having a more concentrated ownership structure. To test...
Persistent link: https://www.econbiz.de/10011379511
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New evidence on ownership structures in Germany
Köke, F. Jens - 1999
Ownership structures are an important element of the theory explaining corporate governance. This study presents detailed descriptive evidence on the ownership structures of German manufacturing firms. It addresses several shortcomings of the previous German empirical literature: First, we study...
Persistent link: https://www.econbiz.de/10011443468
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Corporate monitoring by blockholders in Europe : empirical evidence of managerial disciplining in Belgium, France, Germany, and the UK
Dherment-Ferere, Isabelle; Köke, F. Jens; Renneboog, Luc - 2001
This study examines managerial disciplining in poorly performing firms using large panels for Belgian, French, German and UK firms. We consider the monitoring role of large blockholders, the market for share blocks, creditors, and non-executive directors. Board restructuring is correlated to...
Persistent link: https://www.econbiz.de/10011446114
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Does ownership structure moderate the relationship between systemic risk and corporate governance? : evidence from Gulf Cooperation Council countries
Abidi, Ilyes; Nsaibi, Mariem; Hussainey, Khaled - In: Journal of risk and financial management : JRFM 15 (2022) 5, pp. 1-17
The objective of this paper is to empirically examine the moderating effect of ownership structure on the relationship between systemic risk and corporate governance. It complements prior research by studying the relationship between the proportion of capital held by state institutions and...
Persistent link: https://www.econbiz.de/10013273469
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Index membership vs. loss of voting power : the unification of dual-class shares
Betzer, André; Bongard, Inga van den; Goergen, Marc - 2017 - This version: March 2017
A change in the index selection rules of Deutsche Börse provides a unique opportunity to investigate the drivers behind the decision to a bolish dual-class shares. As of June 2002, selection is based on the market capitalization of the free-float of the more liquid share class rather than the...
Persistent link: https://www.econbiz.de/10011794012