The governance life-cycle, is here defined as changes in ownership structure, and including both the identity of the major owner and ownership concentration. The cycle is marked by key events and phases including start-up, initial growth, mature growth, and possibly a crisis and restructuring stage or exit stage. The governance cycle for transitional countries reflects some specific characteris...

Previous behavioral studies have shown that initial ownership influences individuals' fairness consideration and other-regarding behavior. However, it is not entirely clear whether initial ownership influences the brain activity when a recipient evaluates the fairness of asset distribution. In this study, we randomly assigned the bargaining property (monetary reward) to either the allocator or ...

The Policy Research Working Paper Series disseminates the findings of work in progress to encourage the exchange of ideas about development issues. An objective of the series is to get the findings out quickly, even if the presentations are less than fully polished. The papers carry the names of the authors and should be cited accordingly. The findings, interpretations, and conclusions expresse...

This study examines the relation between ownership concentration and performance of initial public offerings (IPOs) in Thailand during 1989-1993. Ownership concentration plays a crucial role in emerging capital markets such as Thailand and can significantly affect IPO performance. Several testable hypotheses are constructed from the IPO literature to examine short-term and long-term IPO perform...

privatization advocates believe that transfer to private sector increases firm’s performance and value, business environment, and therefore economic growth and welfare improves. in this research, by using the 70 accepted firms in the tehran stock exchange for the period of 2005 to 2009, we investigate the effect of firm’s ownership structure on their value by applying generalized method of mome...

We examine markets in which agents make investments and then match into pairs, creating surpluses that depend on their investments and that can be split between the matched agents. In general, each of the matched agents would “own”part of the surplus in the absence of interagent transfers. Most of the work in the large bargaining-andmatching literature ignores this initial ownership of the surp...

this study is a descriptive - survey and objective evaluation analysis of creation causes on informal settlement shadgholi-khan town of qom city. answer questionnaire by 200 protector of household in shadgholi-khan tow, economic, social and physical variables affective creation of informal settlements in the shadgholi-khan its spatial and local effects are investigated. research findings show t...