This study investigates the determinants of changes in corporate ownership and firm failure, taking into account … likely to fail or to be sold when performance is poor, financial pressure is high, and firm size is small. Cross ownership … deters control changes, and ownership concentration has a non-linear impact on the likelihood of control transfer. In …

This study examines changes in block ownership for a large sample of listed and non-listed German firms. The frequency … ownership (control transfers). Such changes are more likely for firms with high leverage, while they are less likely for larger … firms and firms with high ownership concentration. Only for listed firms poor performance is related to more frequent …

Ownership structures are an important element of the theory explaining corporate governance. This study presents … detailed descriptive evidence on the ownership structures of German manufacturing firms. It addresses several shortcomings of … have a separation of ownership and control. We do not focus exclusively on the listed Aktiengesellschaft (AG) but include …

governance and market discipline on productivity growth. We find that firms under concentrated ownership tend to show … markets is intense, but only when owner concentration is high. We do not find evidence that the type of the owner, ownership …