This paper examines how ownership concentration affects investment performance, and in particular how deviations from the one share-one vote principle affect this ownershipperformance relationship. Using a unique panel from the Nordic countries the so-called incentive and managerial entrenchment effects are isolated. To this end a measure of marginal q is used to evaluate performance. This is a...

Established firms often face significant obstacles to innovation. As a solution, it has been suggested to form corporate ventures. Based on a sample of corporate and independent ventures in German manufacturing, we show that corporate ventures are more innovative than the control group, i.e. the independent ventures. In particular, corporate ventures are more successful at developing radical in...

This paper examines the causes on market concentration in advertisingsupported online markets such as sports, news, and email. In particular, it is the first paper to explore the relationship between concentration and product differentiation, economies of scale, market size, advertising, content costs, and multi-market ownership in online markets. As expected, differentiated large markets with ...

The central objective of our paper is to empirically examine the relationship between the ownership structure of firms and their export performance. To do so, we use data from Korea, a classic example of successful export-oriented industrialization. While a large and growing empirical literature investigates the relationship between the ownership structure and overall performance of firms, ther...

Our main finding is that ownership concentration in the Czech Republic is associated with improvements in the performance of operating companies, but only if ownership is concentrated in hands other than investment funds. We assessed the effects of ownership structure on economic performance by measuring the relationship between annual changes in performance and changes in the composition of ow...

Established firms often face significant obstacles to innovation. As a solution, it has been suggested to form corporate ventures. Based on a sample of corporate and independent ventures in German manufacturing, we show that corporate ventures are more innovative than the control group of independent ventures. In particular, corporate ventures are more successful at developing radical innovatio...

Believed to be a robust alternative to Anglo-American market capitalism, the virtues of the German model are increasingly disputed as doubts are raised about its long-term prospects. At the core of the German model is a system of corporate governance characterized by concentrated ownership and cross-holdings of stocks amongst related firms and their financial service providers. When combined wi...

The existence of biological assets is fully regulated in PSAK 69 which the adoption IAS 41. This study aims to provide empirical evidence related influence asset intensity, ownership concentration, public ownership, and audit committee meetings on disclosure. population used this an agricultural company listed Indonesia Stock Exchange (IDX) for period 2018 2021. sample selection method was purp...

This paper examines the determinants of executive compensation in Chinese banking during 2005–2012. Using the fixed effects panel, 2SLS and dynamic GMM regressions, I find that there is no significant positive pay performance relation, and CEO power does not necessarily exhibit higher levels of executive compensation. However, I show that ownership structure (measured by ownership concentration...

The purpose of this article is to review the results of research papers conducted in the area of foreign ownership impact on company's performance and to highlight the specifics of this linkage in the environment of transition economies. Several authors have documented greater efficiency of private companies compared to state-owned. According to different studies, an alternative option for tran...