Results 251 to 260 of about 407,223 (303)

Concentrated Ownership and Labor Relations

SSRN Electronic Journal, 2006
Political struggles between the emerging European liberal states and the Catholic church in the 18th and 19th centuries provoked the formation of highly oppositional labour movements, resulting in Catholic countries having conflictual labour relations until the present.
Mueller, Holger M, Philippon, Thomas
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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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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 bank profitability in China

Economics Letters, 2020
Abstract Ownership concentration is an important mechanism of corporate governance, but its effect on corporate performance is ambiguous. Based on a sample of Chinese listed banks, we find that ownership concentration is positively associated with bank profitability during the 2007–2018 period, and the association is negatively moderated by bank size.
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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 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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Concentration of capital ownership and investment fluctuations

Review of Economic Dynamics, 2004
This paper is motivated by the observation that investment tends to accelerate when output is around trend. The model used to explain this observation is based on the capacity-constrained production setup in Hansen and Prescott [(2001) Manuscript], where capacity is constant over time, and on capital being owned by a fraction of the agents in the ...
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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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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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