Ownership Structure Related Party Transactions And Firm Valuation
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| Author | : Amrinder Khosa |
| Publisher | : Cambridge University Press |
| Total Pages | : 194 |
| Release | : 2019-03-21 |
| Genre | : Business & Economics |
| ISBN | : 1108624863 |
Concentrated ownership is considered to be the best protection for shareholders in economies where legal protection is relatively weak. This book investigates and concludes, for Indian business groups, that concentrated-inside ownership provides opportunities for the expropriation of minority shareholders. While more concentrated direct ownership of controlling families results in a higher market value of equity, indirect ownership obtained through cross-holding provides incentives to extract private benefits and results in value loss. This finding requires the prompt attention of regulatory bodies, outside investors and other interested parties. This book examines the effect of ownership structure and disclosure of related-party transactions on firm valuation of group-affiliated firms in India, by using a sample of 317 listed firms comprising 1350 firm-year observations from 2008 to 2017. Well-accepted value-relevance models are employed to examine the effect of ownership rights on market value of equity and valuation effect of RP trading, asset transfer, investment and loan transactions.
| Author | : Amrinder Khosa |
| Publisher | : Cambridge University Press |
| Total Pages | : 193 |
| Release | : 2019-03-21 |
| Genre | : Business & Economics |
| ISBN | : 1108492193 |
Examines the effect of ownership structure and the disclosure of related party transactions on the firm valuation of group-affiliated firms in India.
| Author | : Kose John |
| Publisher | : Emerald Group Publishing |
| Total Pages | : 269 |
| Release | : 2013-12-18 |
| Genre | : Business & Economics |
| ISBN | : 1783501219 |
Advances in Financial Economics Vol. 16 contains a set of empirical papers by a set of global scholars who examine corporate governance and market regulation from a variety of perspectives.
| Author | : OECD |
| Publisher | : OECD Publishing |
| Total Pages | : 122 |
| Release | : 2012-03-29 |
| Genre | : |
| ISBN | : 9264168001 |
The publication reviews provisions covering related party transactions and the protection of minority shareholder rights in 31 jurisdictions, both OECD and non-OECD. In addition, the regulatory and legal systems that have beeen developed in five jurisdictions are reviewed in detail.
| Author | : Management Association, Information Resources |
| Publisher | : IGI Global |
| Total Pages | : 1146 |
| Release | : 2021-08-27 |
| Genre | : Business & Economics |
| ISBN | : 1668435519 |
Family-owned businesses account for many of the small and medium-sized enterprises that exist around the world in various industries. Due to their unique make up, these firms are often heavily influenced by family dynamics that must be reconciled by family and non-family workers alike in order to ensure the sustainability of the business. As smaller businesses competing against an increasingly globalized economy and more directly impacted by economic instability, especially in the wake of the COVID-19 pandemic, these businesses must continue to improve their practices and processes in order to not only survive but thrive. The Research Anthology on Strategies for Maintaining Successful Family Firms discusses the strategies, sustainability, and human aspects of family firms in order to understand what sets them apart from other businesses and how they can survive and compete in a globalized economy. This book discusses the unique dynamic brought by family firms that offers both opportunities and challenges for a growing business. Covering topics such as corporate venturing, the family unit, and business ethics, this text is an essential resource for family firms, entrepreneurs, managers, business students, business professors, researchers, and academicians.
| Author | : Stijn Claessens |
| Publisher | : |
| Total Pages | : 36 |
| Release | : 2002 |
| Genre | : Capital market |
| ISBN | : |
This paper investigates the benefits and associated agency costs of using internal capital markets through affiliating with groups using data of two thousand firms from nine East Asian economies between 1994-96. We find that mature and slow-growing firms with ownership structures more likely to create agency problems gain more from group affiliation, while young and high-growth firms more likely lose. Agency problems are important explanatory factors of firm value in economies outside Japan, but less so in Japan. Consistent with the literature, financially-constrained firms benefit from group affiliation. Our results are robust to different time periods and estimation techniques.
| Author | : Luca Enriques |
| Publisher | : Cambridge University Press |
| Total Pages | : 538 |
| Release | : 2022-06-09 |
| Genre | : Law |
| ISBN | : 9781108453738 |
A globe-spanning group of leading law and finance scholars bring together cutting-edge research to comprehensively examine the challenges legislators face in regulating related party transactions in a socially beneficial way. Combining theoretical analysis of the foundations of efficient regulation with empirical and comparative studies, readers are invited to draw their own conclusions on which regulatory responses work best under differing circumstances. The careful selection of surveyed jurisdictions offers in-depth insight into a broad variety of regulatory strategies and their interdependence with socioeconomic and political conditions. This work should be read by scholars, policymakers, and graduate students interested in a critical, much-debated area of corporate governance.
| Author | : OECD |
| Publisher | : OECD Publishing |
| Total Pages | : 66 |
| Release | : 2014-08-11 |
| Genre | : |
| ISBN | : 9264220658 |
This book presents the findings of an OECD policy dialogue with Indian stakeholders on policies to improve the monitoring and prevension of abusive related pParty transactions (RPTs) in India.
| Author | : Stanley J. Feldman |
| Publisher | : John Wiley & Sons |
| Total Pages | : 192 |
| Release | : 2005-04-06 |
| Genre | : Business & Economics |
| ISBN | : 047148721X |
A complete explanation of the issues that determine private firm value Principles of Private Firm Valuation combines recent academic research and practical real-world experience to help readers better understand the multitude of factors that determine private firm value. For the financial professional serving private firms-who are increasingly being called upon to give advice on issues related to firm valuation and deal structure-this comprehensive guide discusses critical topics, including how firms create value and how to measure it, valuing control, determining the size of the marketability discount, creating transparency and the implications for value, the value of tax pass-through entities versus a C corporation, determining transaction value, and the valuation implications of FASB 141 (purchase price accounting) and 142 (goodwill impairment). Dr. Stanley J. Feldman (Lowell, MA) is Associate Professor of Finance at Bentley College, where he currently teaches courses in corporate finance with a focus on business valuation and business strategy at both the graduate and undergraduate levels. He is a member of the FASB Valuation Resource Group and is Chairman and cofounder of Axiom Valuation Solutions.
| 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.
