The paper tests the applicability of Whitley’ s business systems framework to the study of international differences in corporate ownership structure. In support of Whitley’ s framework we document the existence of large differences among the largest companies in 12 European nations. Furthermore we find that these differences can be partly attributed to the institutional determinants stressed b...

In practice, governments often retain some shares in the ...rms they privatize, the ensuing pro...t distributions being an additional source of revenue. We show for a two-...rm di¤erentiated-product oligopoly how partial state ownership may a¤ect ...rms’ subsequent investment and output behavior. Hence, we determine the optimum retained state ownership share under both Bertrand and Cournot comp...

This paper studies the effects of government ownership on bank lending behavior. Using information on individual loan contracts, I compare the interest rate charged to two sets of companies with identical characteristics borrowing respectively from stateowned and privately owned banks. State-owned banks charge lower interest rates than do privately owned banks to similar or identical firms, eve...

Ownership is a common concept underlying many social activities – buying, selling, renting and giving etc. For a software agent to operate in an open environment like Agentcities, it may be necessary for it to reason about ownership. This paper provides a brief overview of ownership issues for computer agents and an approach towards a coherent ontological framework for reasoning about agent own...

The paper aims to examine the determinants of profit performance of financial holding companies (FHCs) using panel data for the period 2001–9. The effects of bankspecific ownership structure and dualcore strategy are examined. Our findings show that (1) business diversification, a lower financial cost, a higher liquidity ratio, larger assets, and lower debt ratios can improve the profit perform...

This paper presents a comprehensive analysis of the preand post-privatization operating performance and stock market performance of privatized banks and rival banks in middleand low-income countries. First, we find that privatization announcements elicit negative abnormal returns for rival banks and that the effects are more pronounced for subsequent tranche sale where the proportion of governm...