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Multiple large shareholders in corporate governance
(Escola de Pós-Graduação em Economia da FGV, 1999-07-08)
Large shareholders of firms with majority bIocks are often at the heIm of their companies and do not necessarily have the same interests as minority shareholders. We show that bargaining problems Ied by the presence of ...
The government as a large shareholder: impact on corporate governance
(2017)
What is the role that governments play as large shareholders of mixed-owned firms? By solving a bargaining model over investment decisions, we unveil two corporate governance effects of the government's activism as a large ...
How well does management deliver? Creation of shareholder wealth by large public and private Brazilian firms in 2018
(2019-12)
This paper examines the performance of 157 of the 400 largest nonfinancial firms in Brazil in 2018. The metric used is the creation of value for their shareholders, represented by the difference between return on assets ...
Optimal ownership structure and monitoring in entrepreneurial firms
(Elsevier Ltd, 2019)
We model the agency problem existing in an entrepreneurial firm between its founder and an outside investor and characterize the optimal corporate governance design. The analysis describes the relationship between two ...
Optimal ownership structure and monitoring in entrepreneurial firms
(Elsevier Ltd, 2019)
We model the agency problem existing in an entrepreneurial firm between its founder and an outside investor and characterize the optimal corporate governance design. The analysis describes the relationship between two ...
Optimal ownership structure and monitoring in entrepreneurial firms
(Elsevier, 2020)
We model the agency problem existing in an entrepreneurial firm between its founder and an outside investor and characterize the optimal corporate governance design. The analysis describes the relationship between two ...
A new view of shareholder voting in the nineteenth century: evidence from Brazil, England and France
(Routledge Journals, Taylor & Francis Ltd, 2013-06-01)
Business corporations in the nineteenth century often imposed limits on the voting rights of large shareholders. Economic historians have generally interpreted these voting restrictions as a contractual mechanism designed ...
Boards of directors of publicly-held companies in Brazil: profile and implications for minority shareholders
(Blackwell Publishing, 2006-03)
We analyse the profile of the boards of directors of 142 Brazilian publicly-held companies in 1999. Directors were divided into four distinct categories, following Bhagat and Black (2000 Working Paper no. 143, Columbia Law ...
Ownership structure and agency costs: evidence from the insurance industry in Jordan
(Universidad ESAN. ESAN EdicionesPE, 2023-12-11)
Purpose: This study investigated the impact of corporate ownership structure on agency costs in the insurance industry. Design/methodology/approach: The study sample included 23 insurance companies listed on the Amman Stock ...