메뉴 건너뛰기




Volumn 15, Issue 1, 2006, Pages 1-31

Agency conflicts, ownership concentration, and legal shareholder protection

Author keywords

Corporate governance; Law and finance; Monitoring; Ownership structure

Indexed keywords


EID: 31444449037     PISSN: 10429573     EISSN: 10960473     Source Type: Journal    
DOI: 10.1016/j.jfi.2004.12.004     Document Type: Article
Times cited : (80)

References (40)
  • 1
    • 14244256374 scopus 로고    scopus 로고
    • History of corporate ownership in Italy
    • Working paper No. 17/2003. ECGI
    • Aganin, A., Volpin, P., 2003. History of corporate ownership in Italy. Working paper No. 17/2003. ECGI
    • (2003)
    • Aganin, A.1    Volpin, P.2
  • 4
    • 0011536823 scopus 로고
    • Shareholder passivity reexamined
    • B. Black Shareholder passivity reexamined Mich. Law Rev. 89 1990 520-608
    • (1990) Mich. Law Rev. , vol.89 , pp. 520-608
    • Black, B.1
  • 5
    • 0012535168 scopus 로고    scopus 로고
    • The equity mix in executive compensation: An investigation of cross-country differences
    • Wake Forest University
    • Bryan, S., Nash, R., Patel, A., 2003. The equity mix in executive compensation: An investigation of cross-country differences. Wake Forest University
    • (2003)
    • Bryan, S.1    Nash, R.2    Patel, A.3
  • 6
    • 0009952280 scopus 로고    scopus 로고
    • Large shareholders, monitoring, and the value of the firm
    • M. Burkart D. Gromb F. Panunzi Large shareholders, monitoring, and the value of the firm Quart. J. Econ. 112 1997 693-728
    • (1997) Quart. J. Econ. , vol.112 , pp. 693-728
    • Burkart, M.1    Gromb, D.2    Panunzi, F.3
  • 7
    • 13344262120 scopus 로고    scopus 로고
    • Agency conflict, ownership concentration, and legal shareholder protection
    • Discussion paper No. 378. Financial Markets Group (LSE)
    • Burkart, M., Panunzi, F., 2001. Agency conflict, ownership concentration, and legal shareholder protection. Discussion paper No. 378. Financial Markets Group (LSE)
    • (2001)
    • Burkart, M.1    Panunzi, F.2
  • 9
    • 31444444776 scopus 로고    scopus 로고
    • All in the family? Law and appropriative costs as determinants of ownership structure
    • Working paper No. 921. CESifo
    • Castillo, R. Skaperdas, S., 2003. All in the family? Law and appropriative costs as determinants of ownership structure. Working paper No. 921. CESifo
    • (2003)
    • Castillo, R.1    Skaperdas, S.2
  • 10
    • 0000200532 scopus 로고    scopus 로고
    • Disentangling the incentive and entrenchment effects of large shareholdings
    • S. Claessens S. Djankov J.P.H. Fan L.H.P. Lang Disentangling the incentive and entrenchment effects of large shareholdings J. Finance 57 2002 2741-2771
    • (2002) J. Finance , vol.57 , pp. 2741-2771
    • Claessens, S.1    Djankov, S.2    Fan, J.P.H.3    Lang, L.H.P.4
  • 11
    • 31444453144 scopus 로고    scopus 로고
    • The market for partial corporate control in Europe: The evidence about corporate raiders
    • University of Lugano
    • Croci, E., 2004. The market for partial corporate control in Europe: The evidence about corporate raiders. University of Lugano
    • (2004)
    • Croci, E.1
  • 13
    • 1842445955 scopus 로고    scopus 로고
    • Private benefits of control: An international comparison
    • A. Dyck L. Zingales Private benefits of control: An international comparison J. Finance 59 2004 537-600
    • (2004) J. Finance , vol.59 , pp. 537-600
    • Dyck, A.1    Zingales, L.2
  • 14
    • 84881820588 scopus 로고    scopus 로고
    • Ownership and control of polish listed corporations
    • Gdansk Institute for Market Economics
    • Dzierzanowski, M., Tamowicz, P., 2001. Ownership and control of polish listed corporations. Gdansk Institute for Market Economics
    • (2001)
    • Dzierzanowski, M.1    Tamowicz, P.2
  • 15
    • 0042792786 scopus 로고    scopus 로고
    • The law on company directors' self-dealing: A comparative analysis
    • L. Enriques The law on company directors' self-dealing: A comparative analysis Int. Compar. Corp. Law J. 2 3 2002 297-333
    • (2002) Int. Compar. Corp. Law J. , vol.2 , Issue.3 , pp. 297-333
    • Enriques, L.1
  • 17
    • 0003407868 scopus 로고    scopus 로고
    • Investor protection, ownership, and capital allocation
    • Columbia University
    • Himmelberg, Ch.P., Hubbard, G., Love, I., 2001. Investor protection, ownership, and capital allocation. Columbia University
    • (2001)
    • Himmelberg, Ch.P.1    Hubbard, G.2    Love, I.3
  • 18
    • 44649197264 scopus 로고
    • Theory of the firm: Managerial behavior, agency costs and capital structure
    • M.C. Jensen W. Meckling Theory of the firm: Managerial behavior, agency costs and capital structure J. Finan. Econ. 3 1976 305-360
    • (1976) J. Finan. Econ. , vol.3 , pp. 305-360
    • Jensen, M.C.1    Meckling, W.2
  • 19
    • 0002762762 scopus 로고    scopus 로고
    • Deregulation and the adaption of governance structure: The case of the US airline industry
    • St.R. Kole K.M. Lehn Deregulation and the adaption of governance structure: The case of the US airline industry J. Finan. Econ. 52 1999 79-117
    • (1999) J. Finan. Econ. , vol.52 , pp. 79-117
    • Kole, St.R.1    Lehn, K.M.2
  • 21
    • 0002177719 scopus 로고
    • Noise trading and takeovers
    • A.S. Kyle J.-L. Vila Noise trading and takeovers RAND J. Econ. 22 1991 54-71
    • (1991) RAND J. Econ. , vol.22 , pp. 54-71
    • Kyle, A.S.1    Vila, J.-L.2
  • 29
    • 0037347930 scopus 로고    scopus 로고
    • Equity ownership and firm value in emerging markets
    • K.V. Lins Equity ownership and firm value in emerging markets J. Finan. Quant. Anal. 38 2003 1-36
    • (2003) J. Finan. Quant. Anal. , vol.38 , pp. 1-36
    • Lins, K.V.1
  • 30
    • 0001042527 scopus 로고    scopus 로고
    • Executive compensation
    • O. Ashenfelter D. Card North-Holland Amsterdam
    • K. Murphy Executive compensation O. Ashenfelter D. Card Handbook of Labor Economics 1998 North-Holland Amsterdam
    • (1998) Handbook of Labor Economics
    • Murphy, K.1
  • 31
    • 0012533256 scopus 로고    scopus 로고
    • The value of corporate voting rights and control: A cross-country analysis
    • T. Nenova The value of corporate voting rights and control: A cross-country analysis J. Finan. Econ. 68 2003 325-351
    • (2003) J. Finan. Econ. , vol.68 , pp. 325-351
    • Nenova, T.1
  • 32
    • 84888792167 scopus 로고    scopus 로고
    • Market transparency, ownership concentration and harmonization of law in some East European countries: A critical note
    • Swedish Network for European Studies in Economics and Business (SNEE), Mölle, Sweden, May 15-18, 2000
    • M. Olsson J. Alasheyeva Market transparency, ownership concentration and harmonization of law in some East European countries: A critical note Swedish Network for European Studies in Economics and Business (SNEE), Mölle, Sweden, May 15-18, 2000 2000
    • (2000)
    • Olsson, M.1    Alasheyeva, J.2
  • 33
    • 0009932851 scopus 로고    scopus 로고
    • The choice of stock ownership structure: Agency costs, monitoring and the decision to go public
    • M. Pagano A. Röell The choice of stock ownership structure: Agency costs, monitoring and the decision to go public Quart. J. Econ. 113 1998 187-226
    • (1998) Quart. J. Econ. , vol.113 , pp. 187-226
    • Pagano, M.1    Röell, A.2
  • 34
    • 0039607322 scopus 로고    scopus 로고
    • Patterns of legal change: Shareholder and creditor rights in transition economies
    • Working paper No. 49/2000. EBRD
    • Pistor, K., 2000. Patterns of legal change: Shareholder and creditor rights in transition economies. Working paper No. 49/2000. EBRD
    • (2000)
    • Pistor, K.1
  • 35
    • 2642555973 scopus 로고    scopus 로고
    • Law and finance in transition economies
    • Working paper No. 48/2000. EBRD
    • Pistor, K., Raiser, M., Gelfer S., 2000. Law and finance in transition economies. Working paper No. 48/2000. EBRD.
    • (2000)
    • Pistor, K.1    Raiser, M.2    Gelfer, S.3
  • 36
    • 0001026456 scopus 로고    scopus 로고
    • A survey of corporate governance
    • A. Shleifer R.W. Vishny A survey of corporate governance J. Finance 52 1997 737-783
    • (1997) J. Finance , vol.52 , pp. 737-783
    • Shleifer, A.1    Vishny, R.W.2
  • 37
    • 0036791023 scopus 로고    scopus 로고
    • Investor protection and equity markets
    • A. Shleifer D. Wolfenzon Investor protection and equity markets J. Finan. Econ. 66 2002 3-27
    • (2002) J. Finan. Econ. , vol.66 , pp. 3-27
    • Shleifer, A.1    Wolfenzon, D.2
  • 38
    • 0038404339 scopus 로고    scopus 로고
    • Can foreign firms bond themselves effectively by renting US securities laws
    • Harvard Business School
    • Siegel, J., 2003. Can foreign firms bond themselves effectively by renting US securities laws. Harvard Business School
    • (2003)
    • Siegel, J.1
  • 39
    • 0242307945 scopus 로고    scopus 로고
    • Ownership and corporate governance in Russian industry: A survey
    • Pampeu Fabra University, Barcelona
    • Sprenger, C., 2001. Ownership and corporate governance in Russian industry: A survey. Pampeu Fabra University, Barcelona
    • (2001)
    • Sprenger, C.1
  • 40
    • 31444435659 scopus 로고    scopus 로고
    • Investor protection, ownership structure, and separating control from cash flow rights
    • ECARES
    • Stepanov, S., 2003. Investor protection, ownership structure, and separating control from cash flow rights. ECARES
    • (2003)
    • Stepanov, S.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.