Corporate Governance, Ownership Structure and Firm Performance

Corporate Governance, Ownership Structure and Firm Performance
Title Corporate Governance, Ownership Structure and Firm Performance PDF eBook
Author Hoang N. Pham
Publisher Routledge
Pages 190
Release 2022-01-25
Genre Business & Economics
ISBN 1000540278

Download Corporate Governance, Ownership Structure and Firm Performance Book in PDF, Epub and Kindle

The relationship between ownership structure and firm performance has been studied extensively in corporate finance and corporate governance literature. Nevertheless, the mediation (path) analysis to examine the issue can be adopted as a new approach to explain why and how ownership structure is related to firm performance and vice versa. This approach calls for full recognition of the roles of agency costs and corporate risk-taking as essential mediating variables in the bi-directional and mediated relationship between ownership structure and firm performance. Based on the agency theory, corporate risk management theory and accounting for the dynamic endogeneity in the ownership–performance relationship, this book develops two-mediator mediation models, including recursive and non-recursive mediation models, to investigate the ownership structure–firm performance relationship. It is demonstrated that agency costs and corporate risk-taking are the ‘missing links’ in the ownership structure–firm performance relationship. Hence, this book brings into attention the mediation and dynamic approach to this issue and enhances the knowledge of the mechanisms for improving firm’s financial performance. This book will be of interest to corporate finance, management and economics researchers and policy makers. Post-graduate research students in corporate governance and corporate finance will also find this book beneficial to the application of econometrics into multi-dimensional and complex issues of the firm, including ownership structure, agency problems, corporate risk management and financial performance.

Equity Ownership and Performance

Equity Ownership and Performance
Title Equity Ownership and Performance PDF eBook
Author Kerstin Groß
Publisher Springer Science & Business Media
Pages 380
Release 2007-05-06
Genre Business & Economics
ISBN 3790819344

Download Equity Ownership and Performance Book in PDF, Epub and Kindle

The empirical studies presented in this book model the endogeneity by applying the simultaneous equations methodology on the relation of ownership and financial performance as well as on different ownership dimensions themselves. Its final model comprises a four equations system containing performance, general ownership concentration, managerial and institutional ownership.

The Modern Corporation and Private Property

The Modern Corporation and Private Property
Title The Modern Corporation and Private Property PDF eBook
Author Adolf Augustus Berle
Publisher
Pages 396
Release 1937
Genre Corporation law
ISBN

Download The Modern Corporation and Private Property Book in PDF, Epub and Kindle

Equity

Equity
Title Equity PDF eBook
Author Corey M. Rosen
Publisher Harvard Business Press
Pages 214
Release 2005
Genre Business & Economics
ISBN 9781591393313

Download Equity Book in PDF, Epub and Kindle

How employee ownership can pay bottom-line benefits. Today, more than 25 percent of American workers own stock in their employers. You can shop at employee-owned supermarkets such as Publix, buy Gore-Tex fabric from employee-owned W.L. Gore & Associates, and sip coffee served by employee owners at Starbucks. Now Corey Rosen, John Case, and Martin Staubus present convincing evidence that employee ownership can be much more than just a good benefit program. Done right, it can be the foundation for a new—and more effective—model of management. Drawing on first-hand studies of dozens of companies from large corporations to local retailers, the authors show that the “equity model” enables firms to grow faster and more profitably than conventionally run competitors. Vivid examples of both winning and failed attempts at employee ownership reveal the key concepts that make the model successful, and suggest how managers can adapt these strategies for use in their own companies. This lively and practical guide delivers a sound business case for making employees true partners in a firm’s success.

Equity Alternatives

Equity Alternatives
Title Equity Alternatives PDF eBook
Author Joseph S. Adams
Publisher
Pages 298
Release 2012-01-01
Genre Employee ownership
ISBN 9781932924909

Download Equity Alternatives Book in PDF, Epub and Kindle

The Rise of China as an Economic Power

The Rise of China as an Economic Power
Title The Rise of China as an Economic Power PDF eBook
Author Charles Albert Eric Goodhart
Publisher
Pages 100
Release 1996
Genre China
ISBN

Download The Rise of China as an Economic Power Book in PDF, Epub and Kindle

Foreign Direct Investment: Ownership Advantages, Firm Specific Factors, Survival And Performance

Foreign Direct Investment: Ownership Advantages, Firm Specific Factors, Survival And Performance
Title Foreign Direct Investment: Ownership Advantages, Firm Specific Factors, Survival And Performance PDF eBook
Author Mehdi Rasouli Ghahroudi
Publisher World Scientific
Pages 180
Release 2018-08-31
Genre Business & Economics
ISBN 9813238461

Download Foreign Direct Investment: Ownership Advantages, Firm Specific Factors, Survival And Performance Book in PDF, Epub and Kindle

The purpose of the book is to extend and develop the literature on foreign direct investment (FDI) and multinational corporation (MNCs) subsidiaries. There are several reasons for studying foreign investment and ownership. First, firms need to identify which host country industry factors are important in choosing among the various type of equity ownership (e.g. international joint ventures or wholly-owned subsidiary). Second, international diversification through foreign market entry can provide growth and profitability at rates unavailable in home markets. A third reason this warrants some attention is that type of ownership can affect attempts to counter international competition by engaging foreign rivals on their home turf. Fourth, firms have the option of choosing the appropriate equity ownership for international markets based on balancing their resources, capabilities, and international experience with their desire for ownership and control. This book extends the literature in FDI by providing empirical support for several theories and previously defined and/or tested constructs. For example, the parent and subsidiary's factors measured in this study suggest the importance of internalization and ownership advantages of Dunning's eclectic theory.