TY  - BOOK
AU  - Katinka Wölfer
PY  - 2016
CY  - Berlin, Germany
PB  - Peter Lang Verlag
SN  - 0531-7339
SN  - 9783653062755
TI  - Ownership Structure and Corporate Performance
T2  - A Panel Data Analysis for the German Market
DO  - 10.3726/978-3-653-06275-5
UR  - https://www.peterlang.com/document/1049709
N2  - 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.
KW  - Corporate governance, Firm value, Agency theory, Shareholder structure
LA  - English
ER  -