Results 211 to 220 of about 403,218 (237)

Insider ownership, ownership concentration and investment performance: An international comparison

Journal of Corporate Finance, 2008
This article makes two important contributions to the literature on the incentive effects of insider ownership. First, it presents a clean method for separating the positive wealth effect of insider ownership from the negative entrenchment effect, which can be applied to samples of companies from the US and any other country.
Gugler, Klaus, Mueller, Dennis C., Yurtoglu, B. Burcin   +2 more
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Ownership, Concentration, and Investment

AEA Papers and Proceedings, 2018
The US business sector has underinvested relative to profits, funding costs, and Tobin's Q since the early 2000s. Building on prior work, we argue that decreasing competition, rising intangibles, and tightening governance explain, respectively, about one-half, one-third, and one-sixth of the investment gap.
Germán Gutiérrez, Thomas Philippon
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Ownership level, ownership concentration and liquidity

Journal of Financial Markets, 2007
Abstract We examine the link between the liquidity of a firm's stock and its ownership structure, specifically, how much of the firm's stock is owned by insiders and institutions, and how concentrated is their ownership. We find that the liquidity-ownership relation is mostly driven by institutional ownership rather than insider ownership ...
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Shareholder protection, ownership concentration and FDI

Journal of Economics and Business, 2011
Abstract Host country's weaker legal shareholder protection may make it costlier for parent shareholders to monitor the foreign subsidiary and hold managers accountable in case of misconduct. This prospect may motivate the managers to invest in such foreign environments. However, the agency costs associated with such investments can increase as well.
Vahe Lskavyan, Mariana Spatareanu
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Concentrated Corporate Ownership

2000
Standard economic models assume that many small investors own firms. This is so in most large US firms, but wealthy individuals or families generally hold controlling blocks in smaller US firms and in all firms in most other countries. Given this, the lack of theoretical and empirical work on tightly held firms is surprising.
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Ownership Concentration and Share Valuation

German Economic Review, 2004
AbstractConcentrated ownership of large listed companies is widespread throughout the world, and Germany is typical in this respect. This paper proposes a method of distinguishing empirically between the beneficial and harmful effects of ownership concentration, and applies it to German data. The results show that, for most types of largest shareholder,
Jeremy S. S. Edwards, Alfons J. Weichenrieder   +1 more
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Concentrated Ownership

2014
This entry summarizes the main theoretical contributions and empirical findings in relation to concentrated ownership from a law and economics perspective. The various forms of concentrated ownership are described as well as analyzed from the perspective of the legal protection of investors, especially minority shareholders.
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Political connection and ownership concentration

Academy of Management Proceedings, 2016
Based on a series of nationwide surveys conducted on privately owned enterprises (POEs) in China, this paper explores the influence of a founder- owner’s political connection, specifically one’s fo...
Peter G. Klein, Jingjing Wang
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Ownership Concentration and Corporate Governance

SVU Journal of Abstracts, 2019
This paper provides a snapshot for the impact of concentrated ownership on corporate governance, focusing on the study of concentrated ownership structures. The study found that interaction between the corporate feature and the prevailing pattern of concentrated ownership affect the effectiveness of corporate governance and the level of voluntary ...
Ahmed Abdel Salam Ahmed Abu Musa, Ali Abdel Karim Rawy, Salwa Nasr Ali Mostafa   +2 more
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Cultural determinants of ownership concentration across countries

International Journal of Business Governance and Ethics, 2006
Industrialised countries differ significantly in predominant patterns of ownership of publicly listed firms. In particular, in some countries most firms have a dominant shareholder while in other countries the ownership of a great majority of firms is dispersed; in some countries a significant proportion of shares of many firms is held by stable long ...
Jong, E. de, Semenov, R.
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