We analyze the effects of different types and concentration ownership on performance using a population firms in model transition economy after mass privatization. Specifications based first-differences unusual instrumental variables show that contrary to conventional wisdom, privatization are limited many private owners do not generate is from with state ownership. Concentrated has positive ef...

in nearly 3,000 publicly traded companies in December 1996—before the financial crisis—in nine East Asian economies: Hong Kong, Indonesia, Japan, the Republic of Korea, Malaysia, the Philippines, Singapore, Taiwan (China), and Thailand. The analysis shows that the ten largest families in Indonesia, the Philippines, and Thailand control half the corporate sector (in terms of market capitalizatio...

We use Granger-tests to examine the causal relationship between blockholder ownership and value of the largest EU and US companies. Previous studies on US data have found no systematic effect, but we propose that these results may not carry over to continental Europe, where ownership concentration is higher, the level of investor protection is lower, and influential blockholders may have other ...

This study examines how ownership structure and conflicts of interest among shareholders under a poor corporate governance system affected firm performance before the crisis. Using 5,829 Korean firms subject to outside auditing during 19931997, the paper finds that firms with low ownership concentration show low firm profitability, controlling for firm and industry characteristics. Controlling ...

This study examines the relationship between ownership structure and enterprise performance from the perspective of enterprise life cycle, by adding the variables of the enterprise life cycle stages into the model, to explain the inconsistence with the previous study results on this issue. Using a unique 2002 2007 panel data of the listed Chinese companies, this study finds that ownership conce...

This paper links the declining propensity of multinational firms to share ownership of their foreign operations to increasing returns to coordination associated with managing globalized operations. The paper isolates the characteristics associated with the decision to share ownership in international operations and then employs two exogenous shifts in the relative cost of sharing ownership to i...

This study investigates the moderating effect of firm size in the relationship between corporate governance (board size, board independence and ownership concentration) and banks’ risk-taking (insolvency risk and credit risk). Secondary data (annual reports) was collected from a sample of 21 Malaysian commercial banks covering the 2005–2014 accounting period. An empirical model using pooled ord...