Ownership Structure Corporate Governance And Corporate Performance
Download Ownership Structure Corporate Governance And Corporate Performance full books in PDF, epub, and Kindle. Read online free Ownership Structure Corporate Governance And Corporate Performance ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
| Author | : Hoang N. Pham |
| Publisher | : Routledge |
| Total Pages | : 190 |
| Release | : 2022-01-25 |
| Genre | : Business & Economics |
| ISBN | : 1000540278 |
The relationship between ownership structure and firm performance has been studied extensively in corporate finance and corporate governance literature. Nevertheless, the mediation (path) analysis to examine the issue can be adopted as a new approach to explain why and how ownership structure is related to firm performance and vice versa. This approach calls for full recognition of the roles of agency costs and corporate risk-taking as essential mediating variables in the bi-directional and mediated relationship between ownership structure and firm performance. Based on the agency theory, corporate risk management theory and accounting for the dynamic endogeneity in the ownership–performance relationship, this book develops two-mediator mediation models, including recursive and non-recursive mediation models, to investigate the ownership structure–firm performance relationship. It is demonstrated that agency costs and corporate risk-taking are the ‘missing links’ in the ownership structure–firm performance relationship. Hence, this book brings into attention the mediation and dynamic approach to this issue and enhances the knowledge of the mechanisms for improving firm’s financial performance. This book will be of interest to corporate finance, management and economics researchers and policy makers. Post-graduate research students in corporate governance and corporate finance will also find this book beneficial to the application of econometrics into multi-dimensional and complex issues of the firm, including ownership structure, agency problems, corporate risk management and financial performance.
| Author | : Hoang N. Pham |
| Publisher | : Routledge |
| Total Pages | : 132 |
| Release | : 2022-01-24 |
| Genre | : Business & Economics |
| ISBN | : 1000540332 |
The relationship between ownership structure and firm performance has been studied extensively in corporate finance and corporate governance literature. Nevertheless, the mediation (path) analysis to examine the issue can be adopted as a new approach to explain why and how ownership structure is related to firm performance and vice versa. This approach calls for full recognition of the roles of agency costs and corporate risk-taking as essential mediating variables in the bi-directional and mediated relationship between ownership structure and firm performance. Based on the agency theory, corporate risk management theory and accounting for the dynamic endogeneity in the ownership–performance relationship, this book develops two-mediator mediation models, including recursive and non-recursive mediation models, to investigate the ownership structure–firm performance relationship. It is demonstrated that agency costs and corporate risk-taking are the ‘missing links’ in the ownership structure–firm performance relationship. Hence, this book brings into attention the mediation and dynamic approach to this issue and enhances the knowledge of the mechanisms for improving firm’s financial performance. This book will be of interest to corporate finance, management and economics researchers and policy makers. Post-graduate research students in corporate governance and corporate finance will also find this book beneficial to the application of econometrics into multi-dimensional and complex issues of the firm, including ownership structure, agency problems, corporate risk management and financial performance.
| Author | : Luc Laeven |
| Publisher | : International Monetary Fund |
| Total Pages | : 44 |
| Release | : 2007-06 |
| Genre | : Business & Economics |
| ISBN | : |
The bulk of corporate governance theory examines the agency problems that arise from two extreme ownership structures: 100 percent small shareholders or one large, controlling owner combined with small shareholders. In this paper, we question the empirical validity of this dichotomy. In fact, one-third of publicly listed firms in Europe have multiple large owners, and the market value of firms with multiple blockholders differs from firms with a single large owner and from widely-held firms. Moreover, the relationship between corporate valuations and the distribution of cash-flow rights across multiple large owners is consistent with the predictions of recent theoretical models.
| Author | : Sabri Boubaker |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 625 |
| Release | : 2014-04-01 |
| Genre | : Business & Economics |
| ISBN | : 3642449557 |
This book fills the gap between theories and practices of corporate governance in emerging markets by providing the reader with an in-depth understanding of governance mechanisms, practices and cases in these markets. It is an invaluable resource not only for academic researchers and graduate students in law, economics, management and finance but also for people practicing governance such as lawmakers, policymakers and international organizations promoting best governance practices in emerging countries. Investors can benefit from this book to better understand of these markets and to make judicious investment decisions.
| Author | : Apu Manna |
| Publisher | : Emerald Group Publishing |
| Total Pages | : 132 |
| Release | : 2019-08-21 |
| Genre | : Business & Economics |
| ISBN | : 1789738490 |
Governance-Led Corporate Performance explores the corporate governance system for developing economies, and provides a comprehensive analysis of the relationship between ownership structure, board composition, director multiplicity and CEO duality in relation to corporate performance.
| Author | : Jonathan P. Charkham |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 1995 |
| Genre | : Corporate governance |
| ISBN | : 9781383017571 |
A comparative study of the systems of corporate finance that exist in five countries: Germany, France, the USA, the UK and Japan. The author establishes principles of good corporate governance and shows how they are applied in each country, indicating where methods vary or fall short of the ideal.
| Author | : Fabrizio Barca |
| Publisher | : OUP Oxford |
| Total Pages | : 354 |
| Release | : 2001-11-15 |
| Genre | : Business & Economics |
| ISBN | : 0191530050 |
Written by an international team of authors, this book provides the first systematic account of the control of corporate Europe based on voting block data disclosed in accordance with the European Union's Large Holdings Directive (88/627/EEC). The study provides detailed information on the voting control of companies listed on the official markets in Austria, Belgium, France, Germany, Italy, the Netherlands, Spain, Sweden, the United Kingdom, and, as a benchmark comparison, the United States. The authors record a high concentration of control of corporations in many European countries with single blockholders frequently controlling more than fifty per cent of corporate votes. In contrast, a majority of UK listed companies have no blockholder owning more than ten per cent of shares, and a majority of US listed companies have no blockholder with more than six per cent of shares. Those chapters devoted to individual countries illustrate how blockholders can use legal devices to leverage their voting power over their cash-flow rights, or how incumbents prevent outsiders from gaining voting control. It is shown that the cultural and linguistic diversity of Europe is (almost) matched by its variety of corporate control arrangements.
| Author | : Marc Goergen |
| Publisher | : Financial Times/Prentice Hall |
| Total Pages | : 0 |
| Release | : 2012 |
| Genre | : Corporate governance |
| ISBN | : 9780273751250 |
International Corporate Governance provides a thorough introduction to the state of the art of corporate governance research and practice. It covers a wide range of topics, including corporate control, regulation, behavioural issues and the role of stakeholders in corporate governance. The text not only reflects the multidisciplinary nature of corporate governance, but it also adopts an international perspective by highlighting the major differences in corporate control and corporate governance practice across the world. While rigorous, the text avoids needless jargon and uses language that is accessible to a wider audience. It also makes a critical assessment of current regulation, practice and research findings.
| Author | : Farinha, Luís |
| Publisher | : IGI Global |
| Total Pages | : 487 |
| Release | : 2020-03-06 |
| Genre | : Business & Economics |
| ISBN | : 1799821374 |
The competitive nature of organizations in today’s globalized world has led to the development of various approaches to increasing profitability and maintaining an advantage over rival companies. As technology continues to be integrated into business practices, specifically in the area of accounting and finance, professionals and educators need to be prepared for advancing economic techniques, and they need to maintain a high level of financial literacy. The Handbook of Research on Accounting and Financial Studies is a pivotal reference source that provides vital research on advanced knowledge and emerging business practices and teaching dynamics in the fields of accounting and finance. While highlighting topics such as cost-benefit analysis, risk management, and corporate governance, this publication explores new initiatives in entrepreneurship and performance management. This book is ideally designed for business managers, consultants, entrepreneurs, auditors, tax practitioners, economists, accountants, academicians, researchers, and students seeking current research on modern advancements and recent findings in accounting and financial studies.
| Author | : Peter Nolan |
| Publisher | : Anthem Press |
| Total Pages | : 344 |
| Release | : 2004 |
| Genre | : Business & Economics |
| ISBN | : 1843311232 |
At the end of the 1970s, China was a poor country with a huge population, ruled by the Chinese Communist Party. The domestic economy was organized through direct administrative instructions and was isolated from the international economy. After a quarter of a century, China has been transformed beyond imagination. In the course of this transformation, China's policymakers have faced enormous challenges. The essays in this book address different aspects of those challenges. The 'development' challenge involved devising policies that would raise the mass of the Chinese people out of poverty and avoid the disasters that had, in the worst cases, caused millions of deaths through famine. The 'transition' challenge involved, firstly, resolving the relationship between changes in the economic and political systems; and secondly, finding the correct sequence and nature of reforms necessary to improve economic performance. The 'globalization' challenge involved identifying the best way in which to integrate China's economic system with the international economy at a time of revolutionary change in the global business system. These essays seek both to enhance understanding of China's immense success in meeting these challenges in the past and to provide an indication of the challenges that still lie ahead. China's system reforms have been described as 'groping for stones to cross the river'. The journey across the river is far from over, and the other bank is only dimly visible.
