Corporate governance structure and shareholder wealth maximization
نویسندگان
چکیده
منابع مشابه
Shareholder Power and Corporate Governance
The pattern of ownership and control of British industry is unusual compared with most other countries in that ownership is relatively dispersed. Typically the largest shareholder in any large listed company is likely to own a voting minority of the shares. Majority ownership by a single shareholder is unusual. It is not uncommon for the largest shareholding to be under 20 percent and in many c...
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The evidence presented here is inconsistent with variants of corporate finance theory which hold that the option properties of growth opportunities or asset substitution incentives are first-order determinants of equity values, but it is supportive of risk management and capital structure theories that emphasize the costs of cash flow volatility. Specifically, controlling for known determinants...
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ژورنال
عنوان ژورنال: Perspectives of Innovations, Economics and Business
سال: 2015
ISSN: 1804-0527
DOI: 10.15208/pieb.2015.01