Showing 151 - 160 of 93,395
This study examines the governance attributes of post-IPO (initial public offering) retained ownership of private … findings reveal private equity retain higher post-IPO ownership in business group constituents compared to unaffiliated firms …
Persistent link: https://www.econbiz.de/10011343015
This study provides critical observations on the state of key global equity markets as recent developments have put into question their efficiency and effectiveness in facilitating capital formation. It covers the top 26 initial public offering (IPO) producing nations, with a particular focus on...
Persistent link: https://www.econbiz.de/10009775530
means that concentrated ownership at company level has become the dominant form of ownership in listed companies worldwide …
Persistent link: https://www.econbiz.de/10009775539
This paper demonstrates that the current literature on cross-ownership among firms underestimates the true degree of … show that under cross-ownership the voting rights associated with ownership are typically underestimated. We demonstrate by … example that control and ownership of dividend rights may be entirely separated, and that multiple equilibria may exist in …
Persistent link: https://www.econbiz.de/10009725494
compare them against their year-industry-size-matched firms (control group) before and after the ownership change. Difference …
Persistent link: https://www.econbiz.de/10010355189
We are able to shed light on the black box of restructuring tools private equity investors use to improve the operational performance of their portfolio companies. By building on previous work considering performance evaluation of PE backed companies, we analyze whether private equity improves...
Persistent link: https://www.econbiz.de/10010225798
This paper provides a framework for analysing the character and degree of ownership engagement by institutional … of ownership engagement. It is therefore an evasive “shorthand” for policy discussions about ownership engagement. The … reason is that there are large differences in ownership engagement between different categories of institutional investors …
Persistent link: https://www.econbiz.de/10010233693
This study examines changes in block ownership for a large sample of listed and non-listed German firms. The frequency … ownership (control transfers). Such changes are more likely for firms with high leverage, while they are less likely for larger … firms and firms with high ownership concentration. Only for listed firms poor performance is related to more frequent …
Persistent link: https://www.econbiz.de/10011445220
. Using c.500 articles of association and ownership records of publicly-traded Victorian corporations, we find that … shareholder protection had more diffuse ownership. …
Persistent link: https://www.econbiz.de/10011523499
This paper presents a simple model for dual-class stock shares, in which common shareholders receive both public and private cash flows (i.e. dividends and any private benefit of holding voting rights) and preferred shareholders only receive public cash flows (i.e. dividends). The dual-class...
Persistent link: https://www.econbiz.de/10011523988