Building on the pioneering study by Beck, Demirguc-Kunt and Levine (2006), we examine the effects of media ownership and concentration on corruption in bank lending. Using the unique World Bank dataset covering more than 5,000 firms across 59 countries, we find strong evidence that that state

The study investigates the determinants of ownership concentration, the effect of ownership concentration on the firm’s performance with the sample of fifty representative firms from different manufacturing sectors of the Pakistan’s economy during 2003 to 2008. The effect of ownership identity

Abstract: Concentration in the U.S. insurance industry’s market shares and ownership, coupled with a network interlocking ownership relationships by institutional inves-tors, raise social concerns. Studying the relationship between Tobin’s q and corporate governance features of the industry, we

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We investigate the capital structure dynamics of a panel of 766 firms from five Western Europe

O grau de concentração acionária pode influenciar a remuneração dos administradores (Bebchuk & Fried, 2003). Este artigo analisa esta relação. Informações detalhadas sobre a remuneração da diretoria e do conselho de administração passaram a estar disponíveis a partir de 2010 por meio do Formulário de Referência da Comissão de Valores Mobiliários. Os modelos de regressão linear estimados com base em uma amostra de 315 companhias brasileiras com ações negociadas em bolsa de valores indicam uma correlação negativa econômica e estatisticamente significativa entre a remuneração dos administradores e o grau de concentração acionária. Ceteris paribus, companhias com menor grau de concentração acionária pagam remuneração maior a seus administradores. Empresas com controle familiar pagam mais a seu executivo principal, mas não à diretoria como um todo, e a remuneração dos conselheiros é maior com a proporção de membros do grupo de controle ou seus familiares no conselho de administração. Houve sustentação para a Hipótese do Poder dos Gestores nas companhias com menor grau de concentração acionária e para a extração de benefícios privados nas companhias onde ele é maior. Palavras-chave: remuneração de administradores; grau de concentração acionária; governança corporativa; custos de agência; hipótese do poder dos gestores.

Abstract The main purpose of this study is surveying the relationship between ownership concentration and costs of sticky in Tehran stock exchange. The population of this study are the companies that accepted at Tehran stock exchange in 2005 and had not this characteristics: Banks, credit

gap of executives on the corporate performance as well as the function of ownership concentration on the pay gap from the perspective of external equity. The empirical results show that the positive gap has a positive influence on the corporate performance, and this kind of influence is reduced

may affect firm performance. This paper examines the return on investments and the effects of ownership concentration in a large sample of listed Scandinavian firms. As a performance measure marginal q developed by Mueller and Reardon (1993) is used. Marginal q measures the marginal return on capital

protections of investors, with German- and Scandinavian-civil-law countries located in the mid-dle. We also find that concentration of ownership of shares in the largest public companies is negatively related to investor protec-tions, consistent with the hypothesis that small, diversified share