bailouts. But these concerns are usually exaggerated. Some have also argued that decisions on takeovers should not be left to …

announcement events. Takeover announcements are not random because managers decide rationally whether to bid or not, this indicates …

linked to ownership dispersion. Using linked workplace-worker data from the British Workplace Employment Relations Survey … (WERS) 2011, we find average hourly pay is higher in dispersed ownership workplaces. The raw gap of 30 log points falls to 8 … ownership. …

derivatives to drive a wedge between her voting power and her economic interest in the firm. Such separation of ownership and … dispersed ownership causes for control contestability …

. Without worker ownership, some inefficient takeovers occur. This inefficiency arises because the raider and the outside … shareholders together ignore the costs to the workers of layoffs, thus creating a negative externality. With worker ownership, some … efficient takeovers do not occur. Here the inefficiency arises because small outside shareholders receive a positive externality …

listed companies. This article introduces the concept of an ownership-based style index of listed firms in Germany, the …

I show that ownership by blockholding and board composition is an important determinant of corporate debt maturity … link with insider ownership is non-linear. …

I show that ownership by blockholding and board composition is an important determinant of corporate debt maturity … link with insider ownership is non-linear. -- debt maturity ; ownership structure ; corporate governance ; endogeneity …