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Governance and Ownership
This collection consists of 20 papers, organised into four sections, that have each made a valuable contribution to our understanding of the motivations and actions of different types of corporate owners and the impact that ownership appears to have upon key areas of corporate governance and corporate decision making and performance. The wide variety of specific research issues addressed, the research methods used and the institutional contexts examined by these 20 papers reflects the great diversity, multidisciplinary nature and dynamism of the research currently being undertaken into these topics.
This insightful and innovative collection will be of great interest to students of corporate governance, researchers and practitioners alike.
This insightful and innovative collection will be of great interest to students of corporate governance, researchers and practitioners alike.
More Information
Contributors
Contents
More Information
This collection consists of 20 papers, organised into four sections, that have each made a valuable contribution to our understanding of the motivations and actions of different types of corporate owners and the impact that ownership appears to have upon key areas of corporate governance and corporate decision making and performance. The wide variety of specific research issues addressed, the research methods used and the institutional contexts examined by these 20 papers reflects the great diversity, multidisciplinary nature and dynamism of the research currently being undertaken into these topics.
This insightful and innovative collection will be of great interest to students of corporate governance, researchers and practitioners alike.
This insightful and innovative collection will be of great interest to students of corporate governance, researchers and practitioners alike.
Contributors
20 articles, dating from 1994 to 2001
Contributors include: R.F. Bruner, D.J. Denis, C.P. Himmelberg, C. Mayer, H. Mehran, A. Shleifer, S. Wahal, E.J. Zajac
Contributors include: R.F. Bruner, D.J. Denis, C.P. Himmelberg, C. Mayer, H. Mehran, A. Shleifer, S. Wahal, E.J. Zajac
Contents
Contents:
Acknowledgements
Introduction Robert Watson
PART I FORMS OF OWNERSHIP AND CORPORATE DIVERSITY
1. Rafael La Porta, Florencio Lopez-de-Silanes and Andrei Shleifer (1999), ‘Corporate Ownership Around the World’
2. William S. Schulze, Michael H. Lubatkin, Richard N. Dino and Ann K. Buchholtz (2001), ‘Agency Relationships in Family Firms: Theory and Evidence’
3. Bernard S. Black and Ronald J. Gilson (1998), ‘Venture Capital and the Structure of Capital Markets: Banks versus Stock Markets’
4. Julian Franks and Colin Mayer (2001), ‘Ownership and Control of German Corporations’
PART II INSIDER OWNERSHIP, MONITORING BY BLOCKHOLDERS AND CORPORATE PERFORMANCE
5. Helen Short and Kevin Keasey (1999), ‘Managerial Ownership and the Performance of Firms: Evidence from the UK’
6. Charles P. Himmelberg, R. Glenn Hubbard and Darius Palia (1999), ‘Understanding the Determinants of Managerial Ownership and the Link between Ownership and Performance’
7. Sunil Wahal (1996), ‘Pension Fund Activism and Firm Performance’
8. Mara Faccio and M. Ameziane Lasfer (2000), ‘Do Occupational Pension Funds Monitor Companies in Which They Hold Large Stakes?’
9. John Holland (1998), ‘Influence and Intervention by Financial Institutions in their Investee Companies’
PART III OWNERSHIP, MANAGERIAL SUCCESSION AND CORPORATE RESTRUCTURING
10. David J. Denis and Atulya Sarin (1999), ‘Ownership and Board Structures in Publicly Traded Corporations’
11. Brian F. Smith and Ben Amoako-Adu (1999), ‘Management Succession and Financial Performance of Family Controlled Firms’
12. Ken Robbie and Mike Wright (1995), ‘Managerial and Ownership Succession and Corporate Restructuring: The Case of Management Buy-ins’
13. Robert C. Hanson and Moon H. Song (2000), ‘Managerial Ownership, Board Structure, and the Division of Gains in Divestitures’
14. Rakesh Duggal and James A. Millar (1999), ‘Institutional Ownership and Firm Performance: The Case of Bidder Returns’
15. Robert F. Bruner (1999), ‘An Analysis of Value Destruction and Recovery in the Alliance and Proposed Merger of Volvo and Renault’
PART IV OWNERSHIP, EXECUTIVE COMPENSATION AND CORPORATE DECISION MAKING
16. Hamid Mehran (1995), ‘Executive Compensation Structure, Ownership, and Firm Performance’
17. Parthiban David, Rahul Kochhar and Edward Levitas (1998), ‘The Effect of Institutional Investors on the Level and Mix of CEO Compensation’
18. Randolph P. Beatty and Edward J. Zajac (1994), ‘Managerial Incentives, Monitoring, and Risk Bearing: A Study of Executive Compensation, Ownership, and Board Structure in Initial Public Offerings’
19. Peter Wright, Stephen P. Ferris, Atulya Sarin and Vidya Awasthi (1996), ‘Impact of Corporate Insider, Blockholder, and Institutional Equity Ownership on Firm Risk Taking’
20. Marc Goergen and Luc Renneboog (2001), ‘Investment Policy, Internal Financing and Ownership Concentration in the UK’
Name Index
Acknowledgements
Introduction Robert Watson
PART I FORMS OF OWNERSHIP AND CORPORATE DIVERSITY
1. Rafael La Porta, Florencio Lopez-de-Silanes and Andrei Shleifer (1999), ‘Corporate Ownership Around the World’
2. William S. Schulze, Michael H. Lubatkin, Richard N. Dino and Ann K. Buchholtz (2001), ‘Agency Relationships in Family Firms: Theory and Evidence’
3. Bernard S. Black and Ronald J. Gilson (1998), ‘Venture Capital and the Structure of Capital Markets: Banks versus Stock Markets’
4. Julian Franks and Colin Mayer (2001), ‘Ownership and Control of German Corporations’
PART II INSIDER OWNERSHIP, MONITORING BY BLOCKHOLDERS AND CORPORATE PERFORMANCE
5. Helen Short and Kevin Keasey (1999), ‘Managerial Ownership and the Performance of Firms: Evidence from the UK’
6. Charles P. Himmelberg, R. Glenn Hubbard and Darius Palia (1999), ‘Understanding the Determinants of Managerial Ownership and the Link between Ownership and Performance’
7. Sunil Wahal (1996), ‘Pension Fund Activism and Firm Performance’
8. Mara Faccio and M. Ameziane Lasfer (2000), ‘Do Occupational Pension Funds Monitor Companies in Which They Hold Large Stakes?’
9. John Holland (1998), ‘Influence and Intervention by Financial Institutions in their Investee Companies’
PART III OWNERSHIP, MANAGERIAL SUCCESSION AND CORPORATE RESTRUCTURING
10. David J. Denis and Atulya Sarin (1999), ‘Ownership and Board Structures in Publicly Traded Corporations’
11. Brian F. Smith and Ben Amoako-Adu (1999), ‘Management Succession and Financial Performance of Family Controlled Firms’
12. Ken Robbie and Mike Wright (1995), ‘Managerial and Ownership Succession and Corporate Restructuring: The Case of Management Buy-ins’
13. Robert C. Hanson and Moon H. Song (2000), ‘Managerial Ownership, Board Structure, and the Division of Gains in Divestitures’
14. Rakesh Duggal and James A. Millar (1999), ‘Institutional Ownership and Firm Performance: The Case of Bidder Returns’
15. Robert F. Bruner (1999), ‘An Analysis of Value Destruction and Recovery in the Alliance and Proposed Merger of Volvo and Renault’
PART IV OWNERSHIP, EXECUTIVE COMPENSATION AND CORPORATE DECISION MAKING
16. Hamid Mehran (1995), ‘Executive Compensation Structure, Ownership, and Firm Performance’
17. Parthiban David, Rahul Kochhar and Edward Levitas (1998), ‘The Effect of Institutional Investors on the Level and Mix of CEO Compensation’
18. Randolph P. Beatty and Edward J. Zajac (1994), ‘Managerial Incentives, Monitoring, and Risk Bearing: A Study of Executive Compensation, Ownership, and Board Structure in Initial Public Offerings’
19. Peter Wright, Stephen P. Ferris, Atulya Sarin and Vidya Awasthi (1996), ‘Impact of Corporate Insider, Blockholder, and Institutional Equity Ownership on Firm Risk Taking’
20. Marc Goergen and Luc Renneboog (2001), ‘Investment Policy, Internal Financing and Ownership Concentration in the UK’
Name Index
