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Author : derek c. jones, panu kalmi and niels mygind
Publisher : Unknown
Page : 52 pages
File Size : 49,7 Mb
Release : 2003
Category : Electronic
ISBN : UOMDLP:b209096x:0001.001
Author : Hoang N. Pham,Sardar M. N. Islam
Publisher : Routledge
Page : 190 pages
File Size : 53,7 Mb
Release : 2022-01-25
Category : Business & Economics
ISBN : 9781000540277
The relationship between ownership structure and firm performance has been studied extensively in corporate finance and corporate governance literature. Nevertheless, the mediation (path) analysis to examine the issue can be adopted as a new approach to explain why and how ownership structure is related to firm performance and vice versa. This approach calls for full recognition of the roles of agency costs and corporate risk-taking as essential mediating variables in the bi-directional and mediated relationship between ownership structure and firm performance. Based on the agency theory, corporate risk management theory and accounting for the dynamic endogeneity in the ownership–performance relationship, this book develops two-mediator mediation models, including recursive and non-recursive mediation models, to investigate the ownership structure–firm performance relationship. It is demonstrated that agency costs and corporate risk-taking are the ‘missing links’ in the ownership structure–firm performance relationship. Hence, this book brings into attention the mediation and dynamic approach to this issue and enhances the knowledge of the mechanisms for improving firm’s financial performance. This book will be of interest to corporate finance, management and economics researchers and policy makers. Post-graduate research students in corporate governance and corporate finance will also find this book beneficial to the application of econometrics into multi-dimensional and complex issues of the firm, including ownership structure, agency problems, corporate risk management and financial performance.
Author : Derek C. Jones,Panu Kalmi,Niels Mygind
Publisher : Unknown
Page : 39 pages
File Size : 55,5 Mb
Release : 2003
Category : Business enterprises
ISBN : 9516868622
Tiivistelmä.
Author : Eva M. Meyerson
Publisher : Coronet Books
Page : 192 pages
File Size : 55,7 Mb
Release : 1992
Category : Capital stock
ISBN : UOM:39015029734822
Based on a survey of 29 public companies conducted in 1980-1988.
Author : Esra Memili
Publisher : MDPI
Page : 174 pages
File Size : 54,6 Mb
Release : 2018-03-23
Category : Electronic book
ISBN : 9783038427810
This book is a printed edition of the Special Issue "Performance and Behavior of Family Firms" that was published in IJFS
Author : Michael J. Rubach
Publisher : Routledge
Page : 200 pages
File Size : 41,7 Mb
Release : 2021-11-19
Category : Business & Economics
ISBN : 9781000525007
First Published in 2000. This book examines the shareholder activism of institutional investors and the effect of shareholder activism on portfolio performance. Institutional shareholder activism includes both traditional mechanisms of influence (e.g., filing shareholder proposals) and relationship investing (e.g., long-term interorganizational contacts between owners and a corporation’s top managers).
Author : Anthony Bennett
Publisher : Routledge
Page : 320 pages
File Size : 48,9 Mb
Release : 2002-09-11
Category : Business & Economics
ISBN : 9781134699261
Privatization has been one of the most important elements of public policy in the last decade and there have been massive transfers of ownership from the public to the private sector on a national and international level. This book combines thematic papers with country case studies to discuss the mechanisms which have enabled this to occur, and to assess privatization's mixed achievements. The authors, international academics, practitioners and consultants and the process of privatization is discussed in East Germany, Nigeria, Pakistan, Guyana, Sri Lanka, Trinidad and Tobago, and Great Britain.
Author : David L. Kang
Publisher : Unknown
Page : 84 pages
File Size : 40,8 Mb
Release : 1998
Category : Electronic
ISBN : IND:30000029087495
The study explores how power relationships between large-block shareholders and professional managers affect performance in public corporations. Certain types of shareholders with large ownership stakes are hypothesized to have formal authority, social influence and expertise that enables them to control public corporations, resulting in superior corporate performance. This idea is tested in a study of the U.S. textile industry from 1983-1992, an industry characterized by "transparent" economic conditions and strong social relationships between owners and managers, observed during a highly turbulent time period. Pooled, cross-sectional time series models indicate that controlling for ownership concentration, public corporations with outside-director owners, sustained owners and family owners each enjoy increased firm performance relative to industry competitors. These results suggest that large-block owners are not homogenous and that certain types of owners have a disproportionately large amount of influence in corporate governance.
Author : Rejie George Pallathitta
Publisher : Unknown
Page : 235 pages
File Size : 42,7 Mb
Release : 2005
Category : Corporate governance
ISBN : 9056681451
Author : Oliver E. Williamson
Publisher : Unknown
Page : 182 pages
File Size : 50,6 Mb
Release : 1974
Category : Industrial management
ISBN : LCCN:68001990
Author : S. Bhaumik,R. Dimova
Publisher : Springer
Page : 150 pages
File Size : 55,7 Mb
Release : 2014-11-25
Category : Business & Economics
ISBN : 9781137473585
Family firms account for a large proportion of firms in most countries. In industrialised countries of North America and Western Europe, they generally account for a large share of small and medium sized enterprises. In emerging market economies such as India, they also account for the majority of the large firms. Their importance for factors such as employment creation notwithstanding, relative to the widely held Anglo-Saxon firms, which are ubiquitous in the economics, finance and management literatures, family firms have historically received much less attention from scholars of these disciplines. However, in part owing to increased focus on emerging markets, there is a growing literature on family firms. In How Family Firms Differ, the authors explore important aspects of family firms, drawing on the existing literature and their own research on these firms.
Author : David Larcker,Brian Tayan
Publisher : FT Press
Page : 497 pages
File Size : 43,6 Mb
Release : 2011-04-14
Category : Business & Economics
ISBN : 9780132367073
Corporate Governance Matters gives corporate board members, officers, directors, and other stakeholders the full spectrum of knowledge they need to implement and sustain superior governance. Authored by two leading experts, this comprehensive reference thoroughly addresses every component of governance. The authors carefully synthesize current academic and professional research, summarizing what is known, what is unknown, and where the evidence remains inconclusive. Along the way, they illuminate many key topics overlooked in previous books on the subject. Coverage includes: International corporate governance. Compensation, equity ownership, incentives, and the labor market for CEOs. Optimal board structure, tradeoffs, and consequences. Governance, organizational strategy, business models, and risk management. Succession planning. Financial reporting and external audit. The market for corporate control. Roles of institutional and activist shareholders. Governance ratings. The authors offer models and frameworks demonstrating how the components of governance fit together, with concrete examples illustrating key points. Throughout, their balanced approach is focused strictly on two goals: to “get the story straight,” and to provide useful tools for making better, more informed decisions.
Author : Stephen J. Skripak
Publisher : Unknown
Page : 442 pages
File Size : 49,6 Mb
Release : 2016-07-29
Category : Electronic
ISBN : 0997920114
(Black & White version) Fundamentals of Business was created for Virginia Tech's MGT 1104 Foundations of Business through a collaboration between the Pamplin College of Business and Virginia Tech Libraries. This book is freely available at: http://hdl.handle.net/10919/70961 It is licensed with a Creative Commons-NonCommercial ShareAlike 3.0 license.
Author : Ross Levine
Publisher : World Bank Publications
Page : 20 pages
File Size : 40,6 Mb
Release : 2004
Category : Banks and banking
ISBN : 8210379456XXX
"Levine examines the corporate governance of banks. When banks efficiently mobilize and allocate funds, this lowers the cost of capital to firms, boosts capital formation, and stimulates productivity growth. So, weak governance of banks reverberates throughout the economy with negative ramifications for economic development. After reviewing the major governance concepts for corporations in general, the author discusses two special attributes of banks that make them special in practice: greater opaqueness than other industries and greater government regulation. These attributes weaken many traditional governance mechanisms. Next, he reviews emerging evidence on which government policies enhance the governance of banks and draws tentative policy lessons. In sum, existing work suggests that it is important to strengthen the ability and incentives of private investors to exert governance over banks rather than to rely excessively on government regulators. These conclusions, however, are particularly tentative because more research is needed on how legal, regulatory, and supervisory policies influence the governance of banks. This papera product of the Global Corporate Governance Forum, Corporate Governance Departmentis part of a larger effort in the department to improve the understanding of corporate governance reform in developing countries"-- World Bank web site.
Author : Joseph E. Stiglitz
Publisher : MIT Press
Page : 360 pages
File Size : 51,8 Mb
Release : 1996-01-31
Category : Business & Economics
ISBN : 0262691825
The rapid collapse of socialism has raised new economic policy questions and revived old theoretical issues. In this book, Joseph Stiglitz explains how the neoclassical, or Walrasian model (the formal articulation of Adam Smith's invisible hand), which has dominated economic thought over the past half century, may have wrongly encouraged the belief that market socialism could work. Stiglitz proposes an alternative model, based on the economics of information, that provides greater theoretical insight into the workings of a market economy and clearer guidance for the setting of policy in transitional economies. Stiglitz sees the critical failing in the standard neoclassical model underlying market socialism to be its assumptions concerning information, particularly its failure to consider the problems that arise from lack of perfect information and from the costs of acquiring information. He also identifies problems arising from its assumptions concerning completeness of markets, competitiveness of markets, and the absence of innovation. Stiglitz argues that not only did the existing paradigm fail to provide much guidance on the vital question of the choice of economic systems, the advice it did provide was often misleading.
