Owner-Consumers and Efficiency Joseph Farrell GTE Laboratories If each household owns the same fraction of a firm as its share of consumption, shareholders unanimously want marginal-cost pricing. Otherwise, profits are overemphasised relative to consumer surplus.

Abstract Can shareholders’ divestitures and threats of exit trigger improvements in firms’ environmental social (E&S) policies? We show that E&S incidents are followed by some, but relatively small, divestitures. Nevertheless, following incidents, firms with a one-standard-deviation higher E&S-conscious institutional ownership decrease their greenhouse gas emissions 36.5% improve sc...

This study aims to find out and prove the Effect of Current Assets, Long-Term Debt, Equity, Net Profit Hold Against Financial Performance Manufacturing Companies in Industrial Sector Food Beverage Consumables Listed on Indonesia Stock Exchange either Simultaneously or Partially. The results this indicate that, There is Retained Earnings Together - Exchange, Are Effects Assets Exchange. are Debt...

We develop a model to illustrate that controlling shareholders choose the level of investor protection that maximizes their own interests. Controlling shareholders in companies with complicated control structures can easily extract private benefits and are thus reluctant to enhance investor protection which would necessitate increased transparency. In contrast, controlling shareholders in compa...

This paper addresses the risk cutoff policies of a retail bank whose objectives are to maximize return on equity for shareholders and live within regulatory capital requirements, such as those of the Basel Capital Accord, to meet unexpected default losses. It investigates the changes that have to be made in the operating decision of which applicants for loans to accept and which to reject becau...

Large shareholders are a potentially very important element of firms’ corporate governance system. Whereas analytical research is typically vague on who these large shareholders are, in practice there are important variations in the types of large owners (and the different types of large owners could play very different governance roles). After briefly reviewing the standard agency cost argumen...

Abstract The objective of the study is to assess impact influence factors for operating profit obtained by Romanian agriculture companies that have accessed bank loans in two consecutive years with major differences results. analysis was done year 2019 which a very good one term production at national level and 2020 when activity affected severe drought. taken consideration are turnover, equity...

OBJECTIVE An economic analysis of cost-equity (from society's viewpoint) for evaluating the impact of Law 100/93 in Colombia between 1998 and 2005. METHODOLOGY An economic analysis compared costs and equity in health in Colombia between 1998 and 2005. Data was taken from the Colombian Statistics' Administration Department ( Departamento Administrativo Nacional de Estadistica - DANE) and from ...