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Beschreibung
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.
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.
Über den Autor
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.
Inhaltsverzeichnis
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.
Details
Erscheinungsjahr: 2016
Fachbereich: Betriebswirtschaft
Genre: Recht, Sozialwissenschaften, Wirtschaft
Rubrik: Recht & Wirtschaft
Medium: Taschenbuch
Inhalt: Kartoniert / Broschiert
ISBN-13: 9783631667156
ISBN-10: 3631667159
Sprache: Englisch
Herstellernummer: 266715
Einband: Kartoniert / Broschiert
Autor: Wölfer, Katinka
Auflage: 1. Auflage
Hersteller: Peter Lang
Peter Lang GmbH, Internationaler Verlag der Wissenschaften
Verantwortliche Person für die EU: Lang, Peter GmbH, Gontardstr. 11, D-10178 Berlin, r.boehm-korff@peterlang.com
Maße: 210 x 148 x 19 mm
Von/Mit: Katinka Wölfer
Erscheinungsdatum: 17.03.2016
Gewicht: 0,448 kg
Artikel-ID: 103914259