Search Results - subject:"Private Benefits of Control"

The structure of corporate boards and private benefits of control : evidence from the Russian stock exchange

Muravyev, Alexander; Berezinec, Irina V.; Ilina, Julja - In: International review of financial analysis 34 (2014), pp. 247-261

Persistent link: https://www.econbiz.de/10010529034

The intrinsic value of decision rights

Bartling, Björn; Fehr, Ernst; Herz, Holger - In: Econometrica : journal of the Econometric Society, an … 82 (2014) 6, pp. 2005-2039

Persistent link: https://www.econbiz.de/10011560318

A cure rather than a disease : government ownership and minority shareholder protection

Miletkov, Mihail K. - In: Multinational finance journal : MF ; quarterly … 18 (2014) 1/2, pp. 1-41

Persistent link: https://www.econbiz.de/10011457697

Dyck and Zingales’ private benefits of control – is it possible to use the empirical study in Czech Republic?

Rýdlová, Barbora - In: Český finanční a účetní časopis 2006 (2006) 3, pp. 146-148

The paper discusses the possibility of practical application of the results of the empirical study of private benefits … of control in the conditions of the Czech Republic. Firstly it emphasizes the theoretical contribution of the alternative …

Persistent link: https://www.econbiz.de/10011194754

The Impact of Product Market Competition on Private Benefits of Control

Guadalupe, Maria; Perez-Gonzalez, Francisco - Institute of Economic Research, Hitotsubashi University - 2006

This paper investigates the impact of product market competition (PMC) on private benefits of control (PBC). We … benefits of control is not spurious. Overall, our results suggest that product market competition can help in curbing private … benefits of control. …

Persistent link: https://www.econbiz.de/10005675511

Incitations managériales et oligopole : quels sont les effets de la compétence et des bénéfices privés de contrôle

Rajaonarison, Dominique - In: Revue d'économie politique 123 (2013) 6, pp. 861-892

In this paper, we consider an oligopolistic industry composed of two groups (or classes) of firms? owners producing differentiated goods. In one group, owners have a controlling power from which they can extract private benefits but the managers oppose them. In another group, owners are not...

Persistent link: https://www.econbiz.de/10011187171

Individualism–Collectivism, Private Benefits of Control, and Earnings Management: A Cross-Culture Comparison

Zhang, Xu; Liang, Xing; Sun, Hongyan - In: Journal of Business Ethics 114 (2013) 4, pp. 655-664

Using private benefits of control and earnings management data from 41 countries and regions, we provide strong … specifically, we find that private benefits of control are larger and earnings management is more severe in collectivist as opposed …

Persistent link: https://www.econbiz.de/10010868330

Corporate control and underinvestment

Poulsen, Thomas - In: Journal of Management and Governance 17 (2013) 1, pp. 131-155

This paper reports a study of how the benefits that large shareholders derive from their control of a firm affect the equity issue and investment decisions of the firm. I introduce an explicit agency cost structure based on the benefits of control of the largest shareholder. In a simple...

Persistent link: https://www.econbiz.de/10010989451

Stock option plan practices in family firms: The idiosyncratic private benefits approach

Tiscini, Riccardo; Raoli, Elisa - In: Journal of Family Business Strategy 4 (2013) 2, pp. 93-105

the private benefits of control, which include “idiosyncratic private benefits”, or the remuneration of certain family …

Persistent link: https://www.econbiz.de/10011065832

Investment behavior and ownership structures in Ukraine: Soft budget constraints, government ownership and private benefits of control

Mykhayliv, Dariya; Zauner, Klaus G. - In: Journal of Comparative Economics 41 (2013) 1, pp. 265-278

firms and its effect on investment behavior via the presence of private benefits of control, financial and soft budget … constraints. These and other findings demonstrate a significant role for private benefits of control consistent with the presented … investment model that allows for private benefits of control and financial and soft budget constraints. …

Persistent link: https://www.econbiz.de/10010662538