Ownership, control, valuation and performance of Brazilian corporations

Ownership, Control and Governance of European and US Corporations

This paper reports substantial differences in the ownership and control of companies across countries both in terms of concentration of control and the type of investor exerting control. It reports significant differences not only between Anglo-American and Continental European systems but also between the UK and US and within Continental Europe. Voting blocks are concentrated at levels at whic...

Valuation of S-Corporations

An S-Corp election can have positive and negative impacts on the valuation of a minority interest in a closely-held company depending on the specific facts pertinent to the company. In the majority of cases, the S-Corp election has a net positive economic impact to the fair market value of a minority interest, but the net effect can vary materially between shareholders of the same company, and ...

CEO Share Ownership and Firm Valuation

We estimate the relation between Tobin’s Q and CEO share ownership with firm and CEO-firm fixed effects. Our results reveal an inverted U-shaped relation only when external pressure for good governance is weak, where the pressure is measured by product market competition and institutional ownership concentration. The inverted U-shaped relation seems to be a manifestation of some CEOs capturing ...

Minority foreign ownership of Filipino- controlled corporations: An exploratory study

Information Ownership, Access and Control: Strategies for Reengineering Information Systems in Networked Corporations