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from this reality: what ought to be the role of shareholder stewardship in a world dominated by controlling shareholders … of the shares; however, it has been transplanted into jurisdictions where controlling shareholders predominate and … institutional shareholders are collectively minority shareholders. This Chapter addresses an important question that naturally flows …
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, rather emphasizing the specificity of economic activities in the “real world.” To a large extent, this emphasis also … centers. This focus has allowed the field to provide key insights into the organization and operation of the world economy … these abstract constructs and vehicles do not inhabit the physical world, does not mean that they do not have a geography …
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In this contribution, at first, we introduce a basic network framework to study pyramidal structures and wedges between ownership and control of companies. Then, we apply it to a dataset of 53.5 million of companies operating in 208 countries. Among others, we detect a strong concentration of...
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As the world’s leading international financial centre, London faces fascinating opportunities and significant … world’s number one financial centre. It is also vital London retains the listings it already has. One potentially vulnerable …
Persistent link: https://www.econbiz.de/10013224294
This chapter reviews statutory and court sanctioned private regulatory frameworks affecting the creation of private equity (PE) funds and their primary activity of acquiring corporate enterprises. The chapter reviews U.S. legislation regulating securities, investment companies, and tender...
Persistent link: https://www.econbiz.de/10013050580
We review and bridge the literature on the internationalization of state-owned firms and sovereign wealth funds to provide a novel understanding of how governments’ nonbusiness objectives affect foreign investments. We explain how governments as foreign investors behave differently from...
Persistent link: https://www.econbiz.de/10013294864
The 2008/9 financial crisis highlighted the importance of evaluating vulnerabilities owing to interconnectedness, or Too-Connected-to-Fail risk, among financial institutions for country monitoring, financial surveillance, investment analysis and risk management purposes. This paper illustrates...
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