Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
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Showing 1 to 13 of 13 for “"Blockholders"”.
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Corporate Governance and Corporate Control: Evidence from Trading
… relationship between changes in large (small) blockholders' ownership and abnormal returns. The evidence in this paper suggests that an increase in the relatively large blockholders' ownership raises the consumption of private benefits while an increase in the relatively small blockholders' …
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CORPORATE OWNERSHIP AND CONTROL STRUCTURES AND FIRM PERFORMANCE: EVIDENCE FROM CONTROL POTENTIAL, AGENCY, AND CONTROL DOMINANCE-CONTESTABILITY PERSPECTIVES ON UK LISTED FIRMS
… using aggregate stake of all identifiable blockholders’ categories and all external blockholders in the agency perspective. Chapter Five presents analysis of the relationship among ownership, control structures and firm performance using the structural equations framework in the control …
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Essays on corporate governance and executive compensation
… essays that study the interconnections between blockholders and CEO power, and the link between deferred compensation (inside debt) and financial performance/firm behavior. In the first chapter, I consider agency theory’s prediction that a large shareholder, ”blockholder,” can serve as an …
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An Investigation of the Impact of Corporate Governance on Decision to Expense Employee Stock Options
… ownership, board size, CEO tenure, and internal blockholders (cumulative ownership percentage of internal blockholders, and whether the largest blockholder is the CEO). A sample of firms that elected to expense employee stock options up to early September 2003 is identified from the report of …
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Investment manager trading behaviour and fund performance
… that a larger number of actively trading multi-blockholders significantly raises firm performance. It remains true that an individual blockholder who intervenes to raise firm performance has to share gains with other blockholders. But firm manager effort is enhanced by the threat of exit by …
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Essays In Corporate Governance
… governance, namely the presence of multiple blockholders beyond the largest owner and the external monitoring by high-quality auditors. Additionally, I investigate how a country's legal institutions interact with these mechanisms.</p> <p> In the first essay, I investigate the impact of …
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Essays in Corporate Governance
… voice. I also document fewer institutional blockholders, changes to financial policies and CEO compensation, and impaired performance for firms subject to UD. Overall, my findings cast doubt on the notion that shareholder lawsuits primarily benefit attorneys rather than corporations or their …
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Corporate Governance and Firm Financial Performance: The Nigerian Evidence
… ownership, institutional and non-institutional blockholders’ ownership respectively and Tobin’s Q. It provides evidence that, except for non-executive directors’ ownership none of other forms of ownership improves firm performance. Finally, regarding the investigation of both the agency and …
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Mitigating secondary agency problems: examining the impact of share option compensation for non-executive directors on CEO pay incentives and earnings management
… compensation. But the results for government blockholders contradict this; they are a substitute for share option compensation when analysing real–activities manipulation. However, for the rest of the settings they are not a substitute monitoring mechanism. This confirms the view that …
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National governance, corporate governance and firm performance : empirical evidence from two MENA countries ‒ Jordan and UAE
… UAE, is characterised by the presence of strong blockholders (including; institutional and family investors). Importantly, in line with recent advances in corporate governance research (i.e., Wintoki et al., 2012; Nguyen et al., 2014, 2015), this research provides evidence that the one-year …
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Causes and consequences of external blockholdings
… of the blockholder. There is no evidence that blockholders play a valuable role in limiting managerial discretion over free cash flow. Firm-specific risk also appears to have no valuation impact; this suggests that the potential benefits from blockholder monitoring may be offset by the …
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The corporate governance structure and corporate performance: empirical studies of China's listed real estate companies
… discretionary expense. The presence of the other blockholders would reduce the agency costs. The agency costs POEs are higher than that in SOEs, indicating that the owner/manager in POEs who owns less than 100% of the company stake is likely to extract benefits from the abuse of the controlling …
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Essays in Corporate Governance: Issues and Evidence from Equity Carve-Outs
This dissertation consists of three essays examining the relation between corporate governance and firm performance. The theme of this study is that the widely documented long-term underperformance in equity carve-outs can be partly explained by weak corporate governance. The first essay presented …