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Foreign Institutional Ownership and the Global Convergence of Financial Reporting Practices

Fang, Vivian W. - 2016

This paper investigates whether foreign institutional investors affect the global convergence of financial reporting practices. Using several measures of reporting convergence, we show that U.S. institutional ownership is positively associated with subsequent changes in emerging market firms'...

Persistent link: https://www.econbiz.de/10012997663

Culture and the Ownership Concentration of Public Corporations Around the World

Holderness, Clifford G. - 2016

As a country's attitude toward egalitarianism increases, which means a societal preference for the equal as opposed to hierarchical treatment of individuals, the ownership of the public corporations in the country becomes more concentrated. This finding is robust to a wide range of...

Persistent link: https://www.econbiz.de/10012998916

Ownership Structure, Sharing of Control and Legal Framework : International Evidence

López-Iturriaga, Félix J.; López-de-Foronda, Óscar; … - 2008

We analyze the relation between capital structure, ownership structure, and corporate value for a sample of 1,216 firms from 15 European countries. Our results stress two different conflicts of interest and show the differential role played by the mechanisms of corporate control depending on the...

Persistent link: https://www.econbiz.de/10014058241

Origin and Concentration : Corporate Ownership, Control and Performance

Hanousek, Jan; Kočenda, Evžen; Svejnar, Jan - 2023

We analyze the effects of different types and concentration of ownership on performance using a population of firms in a model transition economy after mass privatization. Specifications based on first-differences and unusual instrumental variables show that contrary to conventional wisdom, the...

Persistent link: https://www.econbiz.de/10014257345

Are religion and culture relevant for corporate risk-taking? : international evidence

Díez-Esteban, José María; Farinha, Jorge Bento; … - In: Business research quarterly : BRQ 22 (2019) 1, pp. 36-55

religion and national culture characteristics on the level of corporate risk-taking around the world and the channels through …

Persistent link: https://www.econbiz.de/10011972764

Politics-Business Co-evolution Paths : Workers’ Organization and Capitalist Concentration

Belloc, Marianna - 2012

Most pre-crisis explanations of the various corporate governance systems have considered the separation between ownership and control to be an advantage of the Anglo-American economies. They have also attributed the failure of other countries to achieve these efficient arrangements to their...

Persistent link: https://www.econbiz.de/10013116042

The Future of Capitalism : 'Un-Corporating' Corporate Governance

Fenwick, Mark - 2016

company, worked well in an era of industrial capitalism, but in a connected age it proves far less durable. Large firms that … opportunity to maintain relevancy in the context of rapid and profound transformations in the way we should think about capitalism …

Persistent link: https://www.econbiz.de/10012989082

Trusting the Stock Market : Further Evidence from IPOs around the World

Kanagaretnam, Kiridaran (Giri); Lee, Jimmy; Lim, Chee Yeow - 2022

Using an international sample of IPO firms from 36 countries and a country-level index for societal trust, we find strong evidence that societal trust is negatively associated with the degree of IPO underpricing. In cross-sectional analyses, we find that the effect of societal trust in reducing...

Persistent link: https://www.econbiz.de/10013406151

The impact of managerial ownership, monitoring and accounting standard choice on accrual mispricing

Gegenfurtner, Bernhard; Ampenberger, Markus; Kaserer, … - 2009

first corroborate former results indicating that the accrual anomaly is also present in Germany. However, this anomaly seems …

Persistent link: https://www.econbiz.de/10003850495

The German entrepreneurial index (GEX®) : a primer on an ownership-based style index in Germany

Achleitner, Ann-Kristin; Kaserer, Christoph; … - 2009

Recent research indicates that the majority of listed firms in Germany (and also in many other countries around the … world) have a dominant owner rather than being widely-held. Hence, owner-dominated firms comprise an important subset of … listed companies. This article introduces the concept of an ownership-based style index of listed firms in Germany, the …

Persistent link: https://www.econbiz.de/10003919575