Search results for " blockholder type"

showing 1 items of 1 documents

Unveiling the Role of Multiple blockholders: Evidence from Closely Held Firms.

2019

Research Question/Issue. This paper disentangles how the modes of ownership distribution among multiple blockholders and their heterogeneity shape principal–principal conflicts and, in turn, affect firm performance. The paper offers empirical evidence from a panel of Italian closely held firms over the period 2009–2014. Research Findings/Insights. We explore the principal–principal conflicts among blockholders across two distinct control structures. When a single blockholder controls the firm, principal–principal conflicts are shaped by the trade‐off between the alignment effect and the monitoring effect. In this scenario, we find that the relationship between the two largest blockholders' …

050208 financeStrategy and ManagementCorporate governanceclosely held firms ownership distribution blockholder type firm control principal-principal conflicts05 social sciencesControl (management)Principal–agent problemResearch findingsGeneral Business Management and AccountingMicroeconomicsSettore SECS-P/09 - Finanza AziendaleShareholderManagement of Technology and Innovation0502 economics and businessBusinessEmpirical evidenceSettore SECS-P/08 - Economia E Gestione Delle Imprese050203 business & management
researchProduct