Intro -- Contents -- Preface -- Introduction -- Part I: A Theory of Enterprise Ownership -- 1. An Analytic Framework -- 2. The Costs of Contracting -- 3. The Costs of Ownership -- Part II: Producer-Owned Enterprise -- 4. Investor-Owned Firms -- 5. The Benefits and Costs of Employee Ownership --...

Key Features:Gives a detailed account of the ownership structure of Sri Lankan companies based on original empirical researchDevelops the idea that, in the absence of effective enforcement mechanisms and high-quality legal protection for minority shareholders, major lenders may be called upon to...

Effective corporate governance, or the set of controls and incentives that drive top management, originates both outside and inside the firm and assures investors who hope to commit their capital. Essential when buying stocks in one's own country, effective corporate governance is even more...

The volume contains 23 articles by international experts, both scholars and practioners dealing with the development of institutional investors (such as banks, insurances, investment companies, pension funds etc.), their investment and voting policies, the impact on managements of the companies...

FRONT COVER -- ADVANCES IN FINANCIAL ECONOMICS -- COPYRIGHT PAGE -- CONTENTS -- LIST OF CONTRIBUTORS -- THE INCREASE IN CEO PAY AFTER LARGE INVESTMENTS: IS IT PURELY RENT EXTRACTION? -- INTRODUCTION -- HYPOTHESES DEVELOPMENT -- SAMPLE FORMATION -- EMPIRICAL ANALYSES -- CONCLUSION -- NOTES --...

Standard economic models assume that many small investors own firms. This is so in most large U.S. firms, but wealthy individuals or families generally hold controlling blocks in smaller U.S. firms and in all firms in most other countries. Given this, the lack of theoretical and empirical work...

The premature deindustrialization of Association of Southeast Asian Nations(ASEAN) economies has impeded their development by restricting all prospects for growth, including economies of scale, human capital development, and worker productivity. In male-dominated industries, sexism and...