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Persistent link: https://www.econbiz.de/10010417533
We analyze whether financial constraints of Brazilian firms are alleviated by ownership structure. More specifically, we study whether the presence of nonfinancial firms as shareholders of Brazilian firm mitigates financial constraints. We find that the presence of nonfinancial firms as...
Persistent link: https://www.econbiz.de/10012856802
We analyze whether financial constraints of Brazilian firms are alleviated by ownership structure. More specifically, we study whether the presence of nonfinancial firms as shareholders of Brazilian firm mitigates financial constraints. We find that the presence of nonfinancial firms as...
Persistent link: https://www.econbiz.de/10011056981
Persistent link: https://www.econbiz.de/10014435196
The study analyzes whether the type of shareholding control (dispersed, shared, or dominant) affects agency conflicts by investigating the relationship between shareholding control, ownership concentration, and firm value. The sample is a panel data comprising 1977 firm-year observations from...
Persistent link: https://www.econbiz.de/10015141786
Persistent link: https://www.econbiz.de/10008902186
Persistent link: https://www.econbiz.de/10012205656
This paper analyzes the incentives of large shareholders to implement the corporate governance system that favors their interests within a framework of highly concentrated ownership and poor legal protection for investors. A metric for corporate governance based on the fulfillment of...
Persistent link: https://www.econbiz.de/10012848254
Persistent link: https://www.econbiz.de/10015333115
The paper aims to analyze, under the Agency Theory framework, whether ownership concentration has effects on dividend policy of the Brazilian company. Specifically, the work analyzes the possibility of expropriation of minority shareholders by reducing the dividend distribution as predicted by...
Persistent link: https://www.econbiz.de/10012965917