The governance life-cycle, is here defined as changes in ownership structure, and including both the identity of the major owner and ownership concentration. The cycle is marked by key events and phases including start-up, initial growth, mature growth, and possibly a crisis and restructuring stage or exit stage. The governance cycle for transitional countries reflects some specific characteris...

We show that the allocation of ownership matters even in long-term relationships where problems of opportunism are less severe unless the agents are very patient. Ownership structure is chosen to give agents the best incentives to cooperate. The optimal ownership structure of the static game restricts the gain from deviation to be the lowest but also the punishment will be minimal. The worst ow...

The study seeks to examine the effect of equity ownership structure on firm financial performance in South Korea. I focus on the role of two main dimensions of the ownership structure: Ownership concentration (i.e., the distribution of shares owned by majority shareholders) and identity of owners (especially, foreign investors and institutional investors). Using panel data for South Korea in 20...

the purposeof this studywas to analyzing factors that effecting on rangeland degradation. statistical population of this research consisted of whole farmer in pirtaj district (n= 1600); from that 120 farmer were selected as sample using cluster sampling. the main tool to collect data was a researcher made questionnaire that content validity of the questionnaire was approved, by a panel of exper...

This paper examines the relationship between firm performance and ownership structure for listed and OTC manufacturing firms in Taiwan. By classifying ownership into three categories (managerial owners, institutional owners and the control group), the study addresses two related empirical issues—the commonly examined piecewise and the Granger causality relationships between ownership and perfor...

C orporate governance structures in the wake of observed differences in firm ownership structures in developed markets and emerging market economies are distinct. In this paper, we examine the effect of an ownership structure of firms on the market reaction to corporate news flows in the context of emerging market economies like India. We observe the price and volume movements associ...

investment institutions with substantial shareholdings in a firm have the resources and incentives to monitor and influence management decisions. whether the institutions actually monitor and exert pressure on managers is an empirical question.this study is designed to provide insights into the monitoring role of institutional investors by examining whether institutional ownership affects the i...

Object ownership is an approach to controlling aliasing in programming languages. Proposals for adding ownership to programming languages do not directly support type genericity. We present Featherweight Generic Ownership — the first system to unify ownership and type polymorphism. Our type system extends Featherweight Generic Java with locations to support ownership and confinement invariants,...

Dominance, the property that all paths to a given object must go through another object, is at the heart of ownership type disciplines. While ownership types have received abundant attention, ownership inference remains an open problem, and crucial questions about the practical impact of ownership remain unanswered. We argue that a static program analysis that infers dominance is a crucial firs...

In this research, we scrutinize the affect of ownership structure on company performance. The relationship between ownership structure and performance has always been the area under discussion in the literature of corporate finance. The discussion on this area was started with the thesis of Berle and Means (1932). They argued that defuse ownership is inversely correlated with performance of a c...