Search Results - subject:"Private Benefits of Control"

A Cure Rather than a Disease: Government Ownership and Minority Shareholder Protection

Miletkov, Mihail K. - In: Multinational Finance Journal 18 (2014) 1-2, pp. 1-41

The governments which undertake privatization of their state owned enterprises often maintain some ownership in the newly privatized firms. This paper examines the effect of the presence of the government as a minority shareholder on the protection of the minority shareholders in privatized...

Persistent link: https://www.econbiz.de/10011103239

The sources of shareholder wealth gains from going private transactions: The role of controlling shareholders

Boubaker, Sabri; Cellier, Alexis; Rouatbi, Wael - Institut de Préparation à l'Administration et à la … - 2014

The present study investigates the sources of shareholder wealth gains –as measured by cumulative abnormal returns and premiums– from going private transactions (GPTs). Using data for 314 GPTs from 18 Western European countries, we find that the announcements of GPTs generate a cumulative...

Persistent link: https://www.econbiz.de/10010754814

The intrinsic value of decision rights

Bartling, Björn; Fehr, Ernst; Herz, Holger - Institut für Volkswirtschaftslehre, … - 2013

Philosophers, psychologists, and economists have long argued that certain decision rights carry not only instrumental value but may also be valuable for their own sake. The ideas of autonomy, freedom, and liberty derive their intuitive appeal - at least partly - from an assumed positive...

Persistent link: https://www.econbiz.de/10010812539

Private benefits of control and bank loan contracts

Lin, Chih-Yung; Tsai, Wei-Che; Hasan, Iftekhar; Le Quoc Tuan - In: The journal of corporate finance : contracting, … 49 (2018), pp. 324-343

Persistent link: https://www.econbiz.de/10011825042

Корпоративные конфликты и политика фирм в области занятости и заработной платы

Muravyev, Alexander; Berezinets, Irina; Ilina, Yulia - Volkswirtschaftliche Fakultät, … - 2012

before large shareholders. In contrast, the link between extraction of private benefits of control and wage policies is not … shares), which allows us to use the concept of voting premium for measurement of corporate conflicts and private benefits of … control. Our analysis suggests a link between the severity of corporate governance problems between shareholders and managers …

Persistent link: https://www.econbiz.de/10011259474

Monitoring function of the board and audit fees: contingent upon ownership concentration

Bozec, Richard; Dia, Mohamed - In: International Journal of Accounting & Information Management 25 (2017) 1, pp. 70-90

Purpose The aim of this paper is to revisit the board independence–audit fees (BI–AF) relationship while taking into account the ownership structure of the firm. Two effects are unfolding along the ownership concentration spectrum: separation of ownership and control (principal–agent...

Persistent link: https://www.econbiz.de/10014759396

Index membership vs. loss of voting power : the unification of dual-class shares

Betzer, André; Bongard, Inga van den; Goergen, Marc - In: Journal of international financial markets, … 49 (2017), pp. 140-153

Persistent link: https://www.econbiz.de/10011892387

Blockholder exit threats in the presence of private benefits of control

Hope, Ole-Kristian; Wu, Han; Zhao, Wuyang - In: Review of accounting studies 22 (2017) 2, pp. 873-902

Persistent link: https://www.econbiz.de/10011690261

Monitoring function of the board and audit fees : contingent upon ownership concentration

Bozec, Richard; Dia, Mohamed - In: International journal of accounting and information … 25 (2017) 1, pp. 70-90

Persistent link: https://www.econbiz.de/10011697067

The effect of private benefits of control : a theoretical and empirical analysis

Liu, Kerry - In: The empirical economics letters : a monthly … 16 (2017) 1, pp. 1-7

Persistent link: https://www.econbiz.de/10011718638