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Ownership Concentration, Corporate Control Activity, and Firm Value: Evidence from the Death of Inside Blockholders
16 references·16 citing·25 second hopsampled
Ownership Concentration, Corporate Control Activity, and Firm Value: Evidence from the Death of Inside Blockholders (1993)Ownership Concentration, Corporate Contro…Additional evidence on equity ownership and corporate value (1990)Additional evidence on equity…Private benefits from control of public corporations (1989)Private benefits from control…Proxy contests and the efficiency of shareholder oversight (1988)Proxy contests and the effici…Ownership structure and voting on antitakeover amendments (1988)Ownership structure and votin…Managerial control of voting rights (1988)Managerial control of voting …Management ownership and market valuation (1988)Management ownership and mark…The Structure of Corporate Ownership: Causes and Consequences (1985)The Structure of Corporate Ow…Managerial ownership of voting rights (1985)Managerial ownership of votin…Credit Markets and the Control of Capital (1985)Credit Markets and the Contro…An analysis of the stock price reaction to sudden executive deaths (1985)An analysis of the stock pric…Two Agency-Cost Explanations of Dividends (1984)Two Agency-Cost Explanations …The Market Mechanism as an Incentive Scheme (1983)The Market Mechanism as an In…The market for corporate control (1983)The market for corporate cont…Separation of Ownership and Control (1983)Separation of Ownership and C…Agency Problems and the Theory of the Firm (1980)Agency Problems and the Theor…Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Theory of the firm: Manageria…Managerial ownership, board independence and firm performance (2019)Managerial ownership, board i…Do Independent Director Departures Predict Future Bad Events? (2017)Do Independent Director Depar…Estimating the Effects of Large Shareholders Using a Geographic Instrument (2011)Estimating the Effects of Lar…The Governance of Family Firms (2010)The Governance of Family FirmsThe Value of Independent Directors: Evidence from Sudden Deaths (2009)The Value of Independent Dire…Entrenchment, governance, and the stock price reaction to sudden executive deaths (2009)Entrenchment, governance, and…Ownership structure and target returns (2008)Ownership structure and targe…Family control and dilution in mergers (2008)Family control and dilution i…Corporate Governance in Bangladesh: Link between Ownership and Financial Performance (2007)Corporate Governance in Bangl…Ownership Dynamics and Asset Pricing with a Large Shareholder (2006)Ownership Dynamics and Asset …Terrorism and the Stock Market (2005)Terrorism and the Stock MarketThe role of managerial incentives in bank acquisitions (1999)The role of managerial incent…On the Heterogeneity of Leveraged Going Private Transactions (1999)On the Heterogeneity of Lever…Founders versus Descendants: The Profitability, Efficiency, Growth Characteristics and Financing in Large, Public, Founding-Family-Controlled Firms (1999)Founders versus Descendants: …Ownership structure and corporate performance: Australian evidence (1997)Ownership structure and corpo…Asymmetric Information, Managerial Opportunism, Financing, and Payout Policies (1996)Asymmetric Information, Manag…Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Large Shareholders and Corporate Control (1986)A Survey of Corporate Governance (1997)Corporate Ownership Around the World (1999)The theory and practice of corporate finance: evidence from the field (2001)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)Higher market valuation of companies with a small board of directors (1996)Founding‐Family Ownership and Firm Performance: Evidence from the S&P 500 (2003)The Modern Corporation and Private Property (1933)Agency Problems and Residual Claims (1983)An Economic Theory of Democracy. (1958)The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1993)INSTRUMENTAL STAKEHOLDER THEORY: A SYNTHESIS OF ETHICS AND ECONOMICS (1995)The Nature of the Firm (1937)Mergers and the Market for Corporate Control (1965)Dynamic capabilities and strategic management (1997)Markets and Hierarchies: Analysis and Antitrust Implications. (1976)Agency Theory: An Assessment and Review (1989)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Pricing of Options and Corporate Liabilities (1973)Corporate financing and investment decisions when firms have information that investors do not have (1984)Law and Finance (1998)Efficient Capital Markets: II (1991)Agency costs of free cash flow, corporate finance, and takeovers (1996)Strategic assets and organizational rent (1993)
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References

  • 1976Theory of the firm: Managerial behavior, agency costs and ownership structure71,441 cited
  • 1983Separation of Ownership and Control19,446 cited
  • 1980Agency Problems and the Theory of the Firm10,540 cited
  • 1988Management ownership and market valuation6,910 cited
  • 1985The Structure of Corporate Ownership: Causes and Consequences6,243 cited
  • 1990Additional evidence on equity ownership and corporate value4,311 cited
  • 1983The market for corporate control4,145 cited
  • 1984Two Agency-Cost Explanations of Dividends3,109 cited
  • 1988Managerial control of voting rights2,441 cited
  • 1988Ownership structure and voting on antitakeover amendments1,600 cited
  • 1983The Market Mechanism as an Incentive Scheme1,504 cited
  • 1989Private benefits from control of public corporations1,168 cited
  • 1985Credit Markets and the Control of Capital1,095 cited
  • 1988Proxy contests and the efficiency of shareholder oversight1,052 cited
  • 1985Managerial ownership of voting rights659 cited
  • 1985An analysis of the stock price reaction to sudden executive deaths

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394 cited

Cited by

  • 1999Founders versus Descendants: The Profitability, Efficiency, Growth Characteristics and Financing in Large, Public, Founding-Family-Controlled Firms210 cited
  • 2007Corporate Governance in Bangladesh: Link between Ownership and Financial Performance185 cited
  • 1999On the Heterogeneity of Leveraged Going Private Transactions181 cited
  • 1999The role of managerial incentives in bank acquisitions173 cited
  • 2005Terrorism and the Stock Market172 cited
  • 1997Ownership structure and corporate performance: Australian evidence167 cited
  • 2009The Value of Independent Directors: Evidence from Sudden Deaths160 cited
  • 2011Estimating the Effects of Large Shareholders Using a Geographic Instrument148 cited
  • 1996Asymmetric Information, Managerial Opportunism, Financing, and Payout Policies131 cited
  • 2006Ownership Dynamics and Asset Pricing with a Large Shareholder130 cited
  • 2008Family control and dilution in mergers126 cited
  • 2009Entrenchment, governance, and the stock price reaction to sudden executive deaths120 cited
  • 2017Do Independent Director Departures Predict Future Bad Events?119 cited
  • 2010The Governance of Family Firms118 cited
  • 2019Managerial ownership, board independence and firm performance113 cited
  • 2008Ownership structure and target returns113 cited