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Do controlling shareholders' expropriation incentives imply a link between corporate governance and firm value? Theory and evidence
16 references·16 citing·23 second hopsampled
Do controlling shareholders' expropriation incentives imply a link between corporate governance and firm value? Theory and evidence (2012)Do controlling shareholders' expropriatio…The law and economics of self-dealing (2008)The law and economics of self…Earnings management and investor protection: an international comparison (2003)Earnings management and inves…Investor Protection and Corporate Valuation (2002)Investor Protection and Corpo…The separation of ownership and control in East Asian Corporations (2000)The separation of ownership a…The information content of stock markets: why do emerging markets have synchronous stock price movements? (2000)The information content of st…Is Group Affiliation Profitable in Emerging Markets? An Analysis of Diversified Indian Business Groups (2000)Is Group Affiliation Profitab…Investor protection and corporate governance (2000)Investor protection and corpo…Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure (1998)Theory of the Firm: Manageria…Law, Finance, and Firm Growth (1998)Law, Finance, and Firm GrowthLaw and Finance (1998)Law and FinanceLegal Determinants of External Finance (1997)Legal Determinants of Externa…Agency costs of free cash flow, corporate finance, and takeovers (1996)Agency costs of free cash flo…Management ownership and market valuation (1988)Management ownership and mark…Large Shareholders and Corporate Control (1986)Large Shareholders and Corpor…Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Agency Costs of Free Cash Flo…Takeover Bids, The Free-Rider Problem, and the Theory of the Corporation (1980)Takeover Bids, The Free-Rider…Corporate social responsibility, investor protection, and the cost of equity: Evidence from East Asia (2021)Corporate social responsibili…Corporate cash holdings, agency problems, and economic policy uncertainty (2021)Corporate cash holdings, agen…Do intellectual capitals matter to firm value enhancement? Evidences from Taiwan (2020)Do intellectual capitals matt…Determinants, mechanisms and consequences of corporate governance reporting: a research framework (2020)Determinants, mechanisms and …Large Shareholders’ Power and the Quality of Corporate Governance: An Analysis of Brazilian Firms (2019)Large Shareholders’ Power and…Market reaction to the effect of corporate social responsibility on mergers and acquisitions: Evidence on emerging markets (2018)Market reaction to the effect…CORPORATE GOVERNANCE, FIRM PERFORMANCE, AND ECONOMIC GROWTH – THEORETICAL ANALYSIS (2016)CORPORATE GOVERNANCE, FIRM PE…The value of government ownership during the global financial crisis (2015)The value of government owner…The Global Financial Crisis, Family Control, and Dividend Policy (2015)The Global Financial Crisis, …Ownership Structure and Firm Performance: Evidence from Vietnamese Listed Firms (2015)Ownership Structure and Firm …Tunneling through Non-Operational Fund Occupancy: An investigation based on officially identified activities (2014)Tunneling through Non-Operati…How corporate governance affect firm value? Evidence on a self-dealing channel from a natural experiment in Korea (2014)How corporate governance affe…Excess control rights, financial crisis and bank profitability and risk (2014)Excess control rights, financ…Corporate governance and payout policy: Evidence from Korean business groups (2013)Corporate governance and payo…Business group affiliation, ownership structure, and the cost of debt (2013)Business group affiliation, o…Corporate Governance and Performance around the World: What We Know and What We Don't (2010)Corporate Governance and Perf…Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Agency Problems and the Theory of the Firm (1980)Separation of Ownership and Control (1983)What Do We Know about Capital Structure? Some Evidence from International Data (1995)A Survey of Corporate Governance (1997)Mergers and the Market for Corporate Control (1965)GROWTH, BETA AND AGENCY COSTS AS DETERMINANTS OF DIVIDEND PAYOUT RATIOS (1982)Two Agency-Cost Explanations of Dividends (1984)Corporate performance and managerial remuneration (1985)The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1993)The Problem of Social Cost (1960)Corporate Governance and Equity Prices (2003)Law, finance, and economic growth in China (2005)Corporate Ownership Around the World (1999)How do family ownership, control and management affect firm value? (2005)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)The Colonial Origins of Comparative Development: An Empirical Investigation (2001)Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints? (1997)The economic implications of corporate financial reporting (2005)International Accounting Standards and Accounting Quality (2008)Understanding earnings quality: A review of the proxies, their determinants and their consequences (2010)Disentangling the Incentive and Entrenchment Effects of Large Shareholdings (2002)The ultimate ownership of Western European corporations (2002)
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References

  • 1998Law and Finance17,902 cited
  • 1986Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers17,216 cited
  • 1997Legal Determinants of External Finance9,776 cited
  • 1996Agency costs of free cash flow, corporate finance, and takeovers9,308 cited
  • 1986Large Shareholders and Corporate Control8,403 cited
  • 1988Management ownership and market valuation6,910 cited
  • 2000Investor protection and corporate governance6,847 cited
  • 2000The separation of ownership and control in East Asian Corporations5,753 cited
  • 2003Earnings management and investor protection: an international comparison5,395 cited
  • 2002Investor Protection and Corporate Valuation4,055 cited
  • 2008The law and economics of self-dealing3,514 cited
  • 2000The information content of stock markets: why do emerging markets have synchronous stock price movements?3,332 cited
  • 1980Takeover Bids, The Free-Rider Problem, and the Theory of the Corporation3,093 cited
  • 1998Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure2,749 cited
  • 2000Is Group Affiliation Profitable in Emerging Markets? An Analysis of Diversified Indian Business Groups2,588 cited

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  • 1998Law, Finance, and Firm Growth2,452 cited
  • Cited by

    • 2010Corporate Governance and Performance around the World: What We Know and What We Don't167 cited
    • 2013Business group affiliation, ownership structure, and the cost of debt157 cited
    • 2015The Global Financial Crisis, Family Control, and Dividend Policy145 cited
    • 2014How corporate governance affect firm value? Evidence on a self-dealing channel from a natural experiment in Korea145 cited
    • 2015Ownership Structure and Firm Performance: Evidence from Vietnamese Listed Firms138 cited
    • 2015The value of government ownership during the global financial crisis126 cited
    • 2014Tunneling through Non-Operational Fund Occupancy: An investigation based on officially identified activities100 cited
    • 2020Determinants, mechanisms and consequences of corporate governance reporting: a research framework98 cited
    • 2014Excess control rights, financial crisis and bank profitability and risk91 cited
    • 2020Do intellectual capitals matter to firm value enhancement? Evidences from Taiwan82 cited
    • 2021Corporate cash holdings, agency problems, and economic policy uncertainty80 cited
    • 2013Corporate governance and payout policy: Evidence from Korean business groups74 cited
    • 2019Large Shareholders’ Power and the Quality of Corporate Governance: An Analysis of Brazilian Firms71 cited
    • 2021Corporate social responsibility, investor protection, and the cost of equity: Evidence from East Asia71 cited
    • 2016CORPORATE GOVERNANCE, FIRM PERFORMANCE, AND ECONOMIC GROWTH – THEORETICAL ANALYSIS68 cited
    • 2018Market reaction to the effect of corporate social responsibility on mergers and acquisitions: Evidence on emerging markets65 cited