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of foreign block ownership, at a broad set of publicly traded corporations. Disclosed institutional blockholders of every …This short technical report provides an empirical analysis of the level of institutional block ownership overall, and … company in the Standard & Poor's 500 index are analyzed, and the distribution of blockholders is presented. Blockholders are …
Persistent link: https://www.econbiz.de/10011581995
We examine how ownership concentration and the separation of ownership and control affect secondary-market liquidity in …, blockholders offer higher secondary-market liquidity to outside investors. …
Persistent link: https://www.econbiz.de/10010708299
This paper reviews the theoretical and empirical literature on the role of blockholders (large shareholders) in … corporate governance. We start with the underlying property rights of public corporations; we discuss how blockholders are … critical in addressing free-rider problems and why, like owners of private property in general, blockholders are likely to be …
Persistent link: https://www.econbiz.de/10014023374
. Second, when they do buy private targets or public targets with blockholders, they tend not to use all-equity offers, which …
Persistent link: https://www.econbiz.de/10010593843
Corporate governance is concerned with the resolution of collective action problems among dispersed investors and the reconciliation of conflicts of interest between various corporate claimholders. In this survey we review the theoretical and empirical research on the main mechanisms of...
Persistent link: https://www.econbiz.de/10014023875
This paper analyses ownership and control structures of Dutch listed companies. Legislation effective since 1992 … that the average ownership stakes of the largest and the three largest shareholders are 27% and 41%, respectively. The … average ownership stakes of banks, insurance companies and other financial institutions are relatively low. We observe that …
Persistent link: https://www.econbiz.de/10011608486
equity owned firms. Among public companies, purpose is lower for firms with high hedge fund ownership and higher for firms …
Persistent link: https://www.econbiz.de/10012109293
CEMs to measure the divergence between control and ownership rights. Supporting the rent extraction hypothesis, holding … business group companies have lower dividend payouts as the divergence between control and ownership rights widens and the …
Persistent link: https://www.econbiz.de/10012174917
reforms in India, the results of our empirical analysis provide evidence of strong ownership effects with board independence …
Persistent link: https://www.econbiz.de/10011852430
This paper outlines the foundations of corporate governance. The discussion includes a review on the modern corporation, transaction costs theory, agency costs theory, legal investor protection, investor protection by corporate governance and its various mechanisms, as well as an overview of the...
Persistent link: https://www.econbiz.de/10009565384