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Ownership Structure and Corporate Performance: Europäische Hochschulschriften, cartea 3442

Autor Katinka Wölfer
en Limba Engleză Paperback – 16 mar 2016
The book sheds new light on the relation between equity ownership and corporate performance. Empirical studies presented in this book are based on a large panel data set and model the impact of concentrated ownership on performance, with nonlinear effect shapes being estimated through cubic splines. The final model incorporates the identity of owners into the investigation and illustrates the differing performance effects of various large shareholders. This approach adds to the understanding of ownership effects as previous research was mainly concerned with the role of ownership concentration and neglected the identity of blockholders as an equally important dimension of ownership. The new perspective will give fresh impetus to researchers, corporate decision makers and public policy.
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Specificații

ISBN-13: 9783631667156
ISBN-10: 3631667159
Pagini: 321
Dimensiuni: 148 x 210 x 25 mm
Greutate: 0.41 kg
Editura: Peter Lang Gmbh, Internationaler Verlag Der W
Seriile Europäische Hochschulschriften, Europaeische Hochschulschriften / European University Studie


Cuprins

Contents: Firm value - Ownership concentration - Owner typology: individual investors, insiders, corporations, financial investors, banks, government - Agency theory - Research design: panel data set - Econometric approach: linear within-regressions, instrumental variable regressions, restricted cubic splines.

Notă biografică

Katinka Wölfer studied business administration at EBS Universität für Wirtschaft und Recht (Germany), the University of Gießen (Germany), the University of Wisconsin-Milwaukee (USA) and the University of Kentucky (USA). In recognition of academic excellence, she was selected for membership in Beta Gamma Sigma. Her research interests center on corporate finance and strategic management.