We analyze the effects of different types and concentration of ownership on performance using a population of firms in a model transition economy (Czech Republic) after mass privatization. Specifications based on first-differences combined with instrumental variables show that contrary to conventional wisdom, the effects of different types of ownership and ownership changes are limited. Concent...

ABSTRACT Purpose: To investigate whether the shareholder concentration and board composition influence export of Brazilian listed firms from 2010 to 2017. Originality/value: The study contributes literature on exports corporate governance by highlighting that companies with good practices, measured ownership/control structure, might increase their exports. This research can serve as a guide for...

Concentrated ownership of large listed companies is widespread throughout the world, and Germany is typical in this respect. This paper proposes a method of distinguishing empirically between the beneficial and harmful effects of ownership concentration, and applies it to German data. The results show that, for most types of largest shareholder, the beneficial effects on minority shareholders o...

In this research using theoretical predictions from a real option-based investment framework, the present study aims to examine the effects of stock returns volatilities on changes of working capital accruals of firms. In addition, the moderating effect of variables such as, life cycle and ownership structure on the relationship between stock return volatilities and working capital accruals is ...