The Influence of Blockholders on Agency Costs and Firm Value

Name: The Influence of Blockholders on Agency Costs and Firm Value
Author: Markus P. Urban

An Empirical Examination of Blockholder Characteristics and Interrelationships for German Listed Firms

Specificaties

Paperback, blz. | Engels

Springer Fachmedien Wiesbaden | e druk, 2015

ISBN13: 9783658114015

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Springer Fachmedien Wiesbaden e druk, 2015 9783658114015

Onderdeel van serie Auditing and Accounting Studies

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Samenvatting

Markus P. Urban investigates the influence of large shareholders (the so-called blockholders) on agency costs and firm value, thereby accounting for blockholder characteristics and blockholder interrelationships. The work provides a profound theoretical and empirical analysis on the nature and effect of shareholder engagement with due regard to the specifics of the German institutional environment. Its empirical results illustrate that the effect of shareholder engagement depends on the characteristics of the specific blockholder as well as on interrelationships with additional blockholders.

Specificaties

ISBN13:9783658114015

Taal:Engels

Bindwijze:paperback

Uitgever:Springer Fachmedien Wiesbaden

Hoofdrubriek:Financieel management, Organisatiekunde

Serie:Auditing and Accounting Studies

Inhoudsopgave

<p>Agency Theory.- Institutional Environment in Germany.- Monitoring by a Blockholder.- Determinants and Empirical Analysis of Blockholder Monitoring.</p>