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European takeover law reform. The article ends with looking into the goals, methods and scope of European corporate law …
Persistent link: https://www.econbiz.de/10013004015
In the last dozen years, economists have produced a considerable body of research suggesting that the historical origin of a country’s laws is highly correlated with a broad range of its legal rules and regulations, as well as with economic outcomes. Much of this research has dealt with rules...
Persistent link: https://www.econbiz.de/10014025558
Persistent link: https://www.econbiz.de/10012823488
, delegated management, and investor ownership. The major agency problems that attend the corporate form and that, therefore, must … forces shaping the development of corporate law, including evolving patterns of share ownership, are examined …
Persistent link: https://www.econbiz.de/10011674057
corporate takeovers. We use the staggered enactment of M&A laws from 1992 to 2005 and a sample spanning 34 jurisdictions, and …
Persistent link: https://www.econbiz.de/10014235794
different measures produce very different results. But, whichever measure is used, taking account of pyramid ownership … ultimate control rights measures are adequate on their own, suggesting that further work on ownership structure and pyramids is …
Persistent link: https://www.econbiz.de/10011450369
decades has led to higher levels of common ownership and increased attention on the topic by academic researchers. A consensus … has yet to emerge from the literature regarding the consequences of increased common ownership on firm behavior and market … provides an overview of the theoretical underpinnings of common ownership and critically reviews the empirical literature …
Persistent link: https://www.econbiz.de/10014422341
Board composition is central to the worldwide corporate governance reforms that have taken place in recent years. The strong emphasis on director independence and board leadership is now part of all corporate governance regimes, including the regimes which has been introduced in Malaysia. It is...
Persistent link: https://www.econbiz.de/10012176407
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
corporate takeover threat, this paper examines how a disciplinary market for corporate control affects accounting conservatism … shareholder protection and in those experiencing larger growth in takeover activity. Further analysis reveals that elevated … takeover threats increase conservatism through changes in capital structure and investment decisions as well as improvements in …
Persistent link: https://www.econbiz.de/10012909840