Research Question/Issue: We assess how ownership concentration influences the sensitivities of expansion investments and maintenance investments to changes in a firm's cash flow. We find the causal effect by exploiting the ...

We analyze the direct and simultaneous effects of internationalization on the ownership structure of Latin American companies based on agency theory. Using a sample of 425 Latin American firms between 2007 and 2011, which ...

This research analyzes the impact of international diversification on the performance of Chilean exporting firms. Considering a sample of 47 companies listed on the Santiago Stock Exchange during the period 2003–2013, ...

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 ...

Even democracies endowed with the most active free press struggle to maintain diversity of news coverage. Consolidation and market forces may cause only a few dominant players to control the news cycle. Editorial policies ...

We examine the impact of government equity ownership on the degree of internationalization of emerging market firms. Our analysis of 173 Brazilian publicly traded firms from 2002 to 2011 shows that the higher the equity ...

This paper examines the relationship between ownership structure and firm value, modeling the ownership structure as an endogenous and multi-dimensional variable. For this purpose, the model developed by Demsetz and ...