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The question for the determinants and effects of the ownership concentration of firms is of central concern in the corporate governance literature. It has attracted significant attention in the last decades and has been frequently addressed by renown scholars in the corporate governance area....

In this study the relationship between corporate governance and corporate valuation, ownership structure and need of external financing for the Karachi Stock Market is examined for the period 2003 to 2008. To measure the firmlevel governance a rating system is used to evaluate the stringency of...

We investigate corporate governance and risk in Indonesian banking. More specifically, we investigate whether ownership concentration and commissioners affect bank risk and profitability. Using a sample of 117 Indonesian banks (for ownership concentration analysis), and 28 public banks (for...

Using a panel of publicly traded companies with large changes in institutional holdings, we find that CEO compensation risk is significantly higher in a company with a higher level of aggregate institutional holdings excluding top five holdings. Conversely, institutional ownership concentration,...

This paper studies the role of governance mechanisms, CEO‟s cognitive characteristics and firms‟ financial features in justifying the CEO‟s escalatory behavior in firm‟s investment decision. This study aims to provide evidence as to whether managers consider the persuasive influence of...

This research investigates the effect of internal corporate governance mechanisms (e.g. board characteristics and ownership structure) on corporate value. The paper extends the previous literature in this area and provides evidence to this effect using a sample of listed companies on the Bahrain...

Mass privatization offers a particularly suitable framework to study the change in ownership concentration as the extent of change is unusual for a stable market economy. Focusing on two different mass privatization schemes in two transition economies, Poland and the Czech Republic, we find that...