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This paper analyzes the impact of blockownership dispersion on firm value. Blockholdings by multiple blockholders is a widespread phenomenon in the U.S. market. It is not clear, however, whether dispersion among blockholder is preferable to having a more concentrated ownership structure. To test...
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the relationship between the distribution of ownership among large shareholders and firm value has been non-conclusive and … contradictory. We focus on the interaction between a controlling block of shareholders and a non-controlling block that can monitor … additional blockholders that can monitor the largest controlling block of shareholders. The first concerns the incentives of the …
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Germany is the largest economy in Europe and yet there has been very little research in the area of shareholder activism. Main objective of this research paper is to discuss shareholder activism for DAX 30 companies. We provide the most recent empirical evidence that formal activism in Germany...
Persistent link: https://www.econbiz.de/10012905868
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academics and market participants, is that entrenchment reduces accountability to shareholders and amplifies agency costs, thus …
Persistent link: https://www.econbiz.de/10013116368