We show that the allocation of ownership matters even in long-term relationships where problems of opportunism are less severe unless the agents are very patient. Ownership structure is chosen to give agents the best incentives to cooperate. The optimal ownership structure of the static game restricts the gain from deviation to be the lowest but also the punishment will be minimal. The worst ow...

the purpose of this study was to investigate the effect of thequasi-state ownership of the stock exchange in the ratio of short-termand long-term yhay circle is one of the string str in this study usingdata from 51 companies accepted has been used in the tehran stockexchange. methods of statistical analysis in this study, the correlationof the q rgr million via software using the excel, spss18,...

External governance (e.g., takeover) and internal governance (e.g., ownership structure) are the most common mechanisms to solve the agency problem in a corporation. Cremers and Nair (2005) make the first effort to investigate one of the interactions between the two mechanisms by considering G-index and block shareholder ownership. This paper investigates the interaction between G-index and exe...