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This paper considers the effect on performance of very large controlling shareholders, who are mostly organized in voting blocks and business groups, in a sample of Belgian listed firms from 1991 to 2006. We use a non-parametric panel data analysis, which is a new technique that does not impose...
Persistent link: https://www.econbiz.de/10010720566
We consider the effect on performance of very large controlling shareholders, who are mostly organized in voting blocks and business groups, in a sample of Belgian listed firms from 1991 to 2006. Since the shape of the relation between ownership and firm value is a controversial issue in...
Persistent link: https://www.econbiz.de/10011185169
By combining economic and financial data for Portuguese manufacturing firms with data on their exports and imports, we uncover some aspects of the relationship between international trade engagement and firms’ performance. In line with recent theoretical and empirical developments in the...
Persistent link: https://www.econbiz.de/10009643886
In this study, a sample of 257 Singaporean domiciled non-financial listed companies is investigated using a system generalised method of moments (system GMM) estimator. This approach allows for controlling the potential sources of endogeneity which are inherent in the performance–governance...
Persistent link: https://www.econbiz.de/10010782002
While many theories of accounts payable and receivable are related to firm performance, there has not been a direct test whether firms actively use them to manage their growth. We argue that it is not just the accounts payable but also the accounts receivable that matter. While the former help...
Persistent link: https://www.econbiz.de/10010679253
Aufgrund der starken regionalen Verankerung kann bei den Sparkassen ein besonderes Interesse an den Folgen des demographischen Wandels und speziell von Alterung und Abwanderung vermutet werden. Dabei sind die Sparkassen nicht nur über das Regionalprinzip eng mit einer bestimmten Region...
Persistent link: https://www.econbiz.de/10010986129
Although a huge literature has analysed the efficiency of the banking sector over the last years, only recently the … to evaluate the efficiency of the Bavarian cooperative banks, investigates the impact of the environmental conditions on … the technical efficiency. The results indicate that without consideration of the environment, the technical inefficiency …
Persistent link: https://www.econbiz.de/10005231978
Aufgrund der starken regionalen Verankerung kann bei den Sparkassen ein besonderes Interesse an den Folgen des demographischen Wandels und speziell von Alterung und Abwanderung vermutet werden. Dabei sind die Sparkassen nicht nur über das Regionalprinzip eng mit einer bestimmten Region...
Persistent link: https://www.econbiz.de/10005029652
This Working Paper gives insights into the concepts of productivity and efficiency. Both concepts are popular measures … and outlines key areas of interest in this context, such as efficiency measures, components of efficiency and the … measuring productivity and efficiency in a non-technical manner. Various parametric as well as non parametric approaches are …
Persistent link: https://www.econbiz.de/10005027035
Since the mid-1990s, major Japanese banks have sold off a significant portion of their holdings of corporate equity. Using information on the identity of Japanese firmsf top 10 shareholders, this paper explores the process of banksf equity disposal. There is some evidence that, after fiscal...
Persistent link: https://www.econbiz.de/10008472580