Keeping It Real or Keeping It Simple? Ownership Concentration Measures Compared

We analyze the distributional properties of ownership concentration measures and find that measures come from different underlying statistical distributions. Consistent with theory, some measures that are classified to represent a monitoring dimension have a positive influence on firm performance; other measures that are interpreted to represent a shareholder conflict dimension are negatively related to firm performance. However, other measures deviate from this pattern, and therefore, we cannot conclude that simple measures can replace complicated measures. Some measures are more suitable for analyzing the relationship between management and owners, whereas other measures are more suitable for analyzing the relationships among owners

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Year of publication:	2019
Authors:	Mavruk, Taylan
Other Persons:	Overland, Conny (contributor) ; Sjögren, Stefan (contributor)
Publisher:	[2019]: [S.l.] : SSRN
Subject:	Eigentümerstruktur \| Ownership structure \| Theorie \| Theory \| Unternehmenskonzentration \| Market concentration

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Extent:	1 Online-Ressource (49 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Mavruk, T., Overland, C., & Sjögren, S. (2019). Keeping it real or keeping it simple? Ownership concentration measures compared. European Financial Management, 1-48, 12249. Accepted version available at: doi 10.1111/eufm.12249 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments December 5, 2019 erstellt
Classification:	c18 ; c46 ; C81 - Methodology for Collecting, Estimating, and Organizing Microeconomic Data ; D74 - Conflict; Conflict Resolution; Alliances ; G34 - Mergers; Acquisitions; Restructuring; Corporate Governance ; L25 - Firm Size and Performance
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012858262