European corporate governance: Trading off liquidity against control
Author
Abstract
Suggested Citation
Download full text from publisher
As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.
Other versions of this item:
- Marco Becht, 1999. "European corporate governance: trading off liquidity against control," ULB Institutional Repository 2013/13314, ULB -- Universite Libre de Bruxelles.
References listed on IDEAS
- Grossman, Sanford J. & Hart, Oliver D., 1988.
"One share-one vote and the market for corporate control,"
Journal of Financial Economics, Elsevier, vol. 20(1-2), pages 175-202, January.
- Sanford J. Grossman & Oliver D. Hart, 1987. "One Share/One Vote and the Market for Corporate Control," NBER Working Papers 2347, National Bureau of Economic Research, Inc.
- Sanford J. Grossman & Oliver D. Hart, 1987. "One Share/One Vote and The Market for Corporate Control," Working papers 440, Massachusetts Institute of Technology (MIT), Department of Economics.
- La Porta, Rafael & Florencio Lopez-de-Silanes & Andrei Shleifer & Robert W. Vishny, 1997.
"Legal Determinants of External Finance,"
Journal of Finance, American Finance Association, vol. 52(3), pages 1131-1150, July.
- Rafael LaPorta & Florencio Lopez-de-Silanes & Andrei Shleifer & Robert W. Vishny, "undated". "Legal Determinants of External Finance," Working Paper 19443, Harvard University OpenScholar.
- Rafael LaPorta & Florencio Lopez de-Silanes & Andrei Shleifer & Robert W. Vishny, 1997. "Legal Determinants of External Finance," Harvard Institute of Economic Research Working Papers 1788, Harvard - Institute of Economic Research.
- Shleifer, Andrei & La Porta, Rafael & Lopez-De-Silanes, Florencio & Vishny, Robert W., 1997. "Legal Determinants of External Finance," Scholarly Articles 30728041, Harvard University Department of Economics.
- Rafael La Porta & Florencio Lopez-de-Silane & Andrei Shleifer & Robert W. Vishny, 1997. "Legal Determinants of External Finance," NBER Working Papers 5879, National Bureau of Economic Research, Inc.
- RAFAEL LaPORTA & FLORENCIO LOPEZ-de-SILANES & ANDREI SHLEIFER & ROBERT W. VISHNY, "undated". "Legal Determinants of External Finance,"," CRSP working papers 324, Center for Research in Security Prices, Graduate School of Business, University of Chicago.
- Marc Goergen & Luc Renneboog, 1999. "Strong Managers and Passive Institutional Investors in the UK," Working Papers 1999.21, Fondazione Eni Enrico Mattei.
- Rafael La Porta & Florencio Lopez-de-Silanes & Andrei Shleifer & Robert W. Vishny, 1998.
"Law and Finance,"
Journal of Political Economy, University of Chicago Press, vol. 106(6), pages 1113-1155, December.
- Rafael LaPorta & Florencio Lopez-de-Silanes & Andrei Shleifer & Robert W. Vishny, "undated". "Law and Finance," Working Paper 19451, Harvard University OpenScholar.
- Porta, Rafael & Lopez-de-Silanes, Florencio & Shleifer, Andrei & Vishny, Robert, 1997. "Law And Finance," Harvard Institute for International Development (HIID) Papers 294393, Harvard University, Kennedy School of Government.
- Rafael LaPorta & Florencio Lopez de-Silanes & Andrei Shleifer & Robert W. Vishny, 1996. "Law and Finance," Harvard Institute of Economic Research Working Papers 1768, Harvard - Institute of Economic Research.
- Rafael La Porta & Florencio Lopez-de-Silane & Andrei Shleifer & Robert W. Vishny, 1996. "Law and Finance," NBER Working Papers 5661, National Bureau of Economic Research, Inc.
- La Porta, Rafael & Lopez-de-Silanes, Florencio & Shleifer, Andrei & Vishny, Robert W., 1998. "Law and Finance," Scholarly Articles 3451310, Harvard University Department of Economics.
- Abe de Jongand & Rezaul Kabir & Teye Marra & Ailsa Roell, 1999.
"Ownership and Control in the Netherlands,"
Working Papers
1999.22, Fondazione Eni Enrico Mattei.
- Kabir, M.R. & de Jong, A. & Marra, T.A. & Röell, A.A., 2001. "Ownership and control in the Netherlands," Other publications TiSEM 67a9b6d3-f632-4853-a53d-f, Tilburg University, School of Economics and Management.
- Rafael La Porta & Florencio Lopez‐De‐Silanes & Andrei Shleifer, 1999.
"Corporate Ownership Around the World,"
Journal of Finance, American Finance Association, vol. 54(2), pages 471-517, April.
- Rafael La Porta & Florencio Lopez-de-Silane & Andrei Shleifer, 1998. "Corporate Ownership Around the World," NBER Working Papers 6625, National Bureau of Economic Research, Inc.
- Rafael La Porta & Florencio Lopez-de-Silanes & Andrei Shleifer, 1998. "Corporate Ownership Around the World," Harvard Institute of Economic Research Working Papers 1840, Harvard - Institute of Economic Research.
- La Porta, Rafael & Lopez-De-Silanes, Florencio & Shleifer, Andrei, 1999. "Corporate Ownership Around the World," Scholarly Articles 30747162, Harvard University Department of Economics.
- Becht, M.C. & Chapelle, A. & Renneboog, L.D.R., 1999.
"Shareholding Cascades : The Separation of Ownership and Control in Belgium,"
Other publications TiSEM
7a15c5ff-a909-44ed-abb6-9, Tilburg University, School of Economics and Management.
- Becht, M.C. & Chapelle, A. & Renneboog, L.D.R., 1999. "Shareholding Cascades : The Separation of Ownership and Control in Belgium," Discussion Paper 1999-96, Tilburg University, Center for Economic Research.
- Ariane Chapelle & Marco Becht & Luc Renneboog, 2001. "Shareholding cascades: the separation of ownership and control in Belgium," ULB Institutional Repository 2013/9947, ULB -- Universite Libre de Bruxelles.
- Frank H. Easterbrook, 1997. "International Corporate Differences: Markets Or Law?," Journal of Applied Corporate Finance, Morgan Stanley, vol. 9(4), pages 23-30, January.
- Harold Demsetz, 1968. "The Cost of Transacting," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 82(1), pages 33-53.
- Bhide, Amar, 1993. "The hidden costs of stock market liquidity," Journal of Financial Economics, Elsevier, vol. 34(1), pages 31-51, August.
- repec:bla:jfinan:v:53:y:1998:i:1:p:1-25 is not listed on IDEAS
- Mike Burkart & Denis Gromb & Fausto Panunzi, 1997. "Large Shareholders, Monitoring, and the Value of the Firm," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 112(3), pages 693-728.
- Becht, Marco & Roell, Ailsa, 1999. "Blockholdings in Europe:: An international comparison1," European Economic Review, Elsevier, vol. 43(4-6), pages 1049-1056, April.
- Marco Becht & Ailsa Roell, 1999. "Blockholdings in Europe: an international comparison," ULB Institutional Repository 2013/13316, ULB -- Universite Libre de Bruxelles.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Dherment-Ferere, Isabelle & Köke, Jens & Renneboog, Luc, 2001. "Corporate monitoring by blockholders in Europe: empirical evidence of managerial disciplining in Belgium, France, Germany, and the UK," ZEW Discussion Papers 01-24, ZEW - Leibniz Centre for European Economic Research.
- Matthias Köhler, 2012. "Ownership structure, regulation and the market for corporate control in the EU banking sector," European Journal of Law and Economics, Springer, vol. 34(1), pages 173-196, August.
- Crespi, R. & Renneboog, L.D.R., 2000.
"United we stand : Corporate Monitoring by Shareholder Coalitions in the UK,"
Other publications TiSEM
226b4a58-7d8a-436c-8376-c, Tilburg University, School of Economics and Management.
- Crespi, R. & Renneboog, L.D.R., 2000. "United we stand : Corporate Monitoring by Shareholder Coalitions in the UK," Discussion Paper 2000-18, Tilburg University, Center for Economic Research.
- Abdallah, Wissam & Goergen, Marc, 2008. "Does corporate control determine the cross-listing location?," Journal of Corporate Finance, Elsevier, vol. 14(3), pages 183-199, June.
- Jean-Jacques Hamon, 2001. "La répartition des droits de vote, leur exercice et l’efficacité économique," Revue d'Économie Financière, Programme National Persée, vol. 63(3), pages 175-209.
- Lucian Arye Bebchuk, 1999. "A Rent-Protection Theory of Corporate Ownership and Control," NBER Working Papers 7203, National Bureau of Economic Research, Inc.
- Goergen, Marc & Manjon, Miguel C. & Renneboog, Luc, 2008.
"Recent developments in German corporate governance,"
International Review of Law and Economics, Elsevier, vol. 28(3), pages 175-193, September.
- Goergen, M. & Manjon, M.C. & Renneboog, L.D.R., 2004. "Recent Developments in German Corporate Governance," Discussion Paper 2004-123, Tilburg University, Center for Economic Research.
- Goergen, M. & Manjon, M.C. & Renneboog, L.D.R., 2004. "Recent Developments in German Corporate Governance," Discussion Paper 2004-014, Tilburg University, Tilburg Law and Economic Center.
- Burkart, Mike & Panunzi, Fausto, 2006.
"Agency conflicts, ownership concentration, and legal shareholder protection,"
Journal of Financial Intermediation, Elsevier, vol. 15(1), pages 1-31, January.
- Burkart, Mike & Panunzi, Fausto, 2001. "Agency conflicts, ownership concentration, and legal shareholder protection," LSE Research Online Documents on Economics 25056, London School of Economics and Political Science, LSE Library.
- Fausto Panunzi & Mike Burkart, 2001. "Agency Conflicts, Ownership Concentration, and Legal Shareholder Protection," FMG Discussion Papers dp378, Financial Markets Group.
- Burkart, Mike & Panunzi, Fausto, 2006. "Agency conflicts, ownership concentration, and legal shareholder protection," LSE Research Online Documents on Economics 69547, London School of Economics and Political Science, LSE Library.
- Panunzi, Fausto & Burkart, Mike, 2001. "Agency Conflicts, Ownership Concentration, and Legal Shareholder Protection," CEPR Discussion Papers 2708, C.E.P.R. Discussion Papers.
- Becht, Marco & Bolton, Patrick & Roell, Ailsa, 2003.
"Corporate governance and control,"
Handbook of the Economics of Finance, in: G.M. Constantinides & M. Harris & R. M. Stulz (ed.), Handbook of the Economics of Finance, edition 1, volume 1, chapter 1, pages 1-109,
Elsevier.
- Patrick Bolton & Marco Becht & Alisa Röell, 2002. "Corporate Governance and Control," NBER Working Papers 9371, National Bureau of Economic Research, Inc.
- Marco Becht & Patrick Bolton & Ailsa Roell, 2003. "Corporate governance and control," ULB Institutional Repository 2013/13330, ULB -- Universite Libre de Bruxelles.
- Grosfeld, Irena, 2009.
"Large shareholders and firm value: Are high-tech firms different?,"
Economic Systems, Elsevier, vol. 33(3), pages 259-277, September.
- Irena Grosfeld, 2009. "Large shareholders and firm value: Are high-tech firms different?," PSE Working Papers halshs-00587856, HAL.
- Irena Grosfeld, 2009. "Large shareholders and firm value: Are high-tech firms different?," Working Papers halshs-00587856, HAL.
- Irena Grosfeld, 2009. "Large shareholders and firm value: Are high-tech firms different?," PSE-Ecole d'économie de Paris (Postprint) halshs-00754335, HAL.
- Irena Grosfeld, 2009. "Large shareholders and firm value: Are high-tech firms different?," Post-Print halshs-00754335, HAL.
- Schmid, Thomas & Ampenberger, Markus & Kaserer, Christoph & Achleitner, Ann-Kristin, 2010. "Controlling shareholders and payout policy: do founding families have a special 'taste for dividends'?," CEFS Working Paper Series 2010-01, Technische Universität München (TUM), Center for Entrepreneurial and Financial Studies (CEFS).
- Randall Morck & Michael Percy & Gloria Tian & Bernard Yeung, 2005.
"The Rise and Fall of the Widely Held Firm: A History of Corporate Ownership in Canada,"
NBER Chapters, in: A History of Corporate Governance around the World: Family Business Groups to Professional Managers, pages 65-148,
National Bureau of Economic Research, Inc.
- Randall Morck & Michael Percy & Gloria Tian & Bernard Yeung, 2004. "The Rise and Fall of the Widely Held Firm - A History of Corporate Ownership in Canada," NBER Working Papers 10635, National Bureau of Economic Research, Inc.
- Mike Burkart & Fausto Panunzi & Andrei Shleifer, 2003.
"Family Firms,"
Journal of Finance, American Finance Association, vol. 58(5), pages 2167-2201, October.
- Mike Burkart & Fausto Panunzi & Andrei Shleifer, 2002. "Family Firms," Harvard Institute of Economic Research Working Papers 1944, Harvard - Institute of Economic Research.
- Burkart, Mike & Panunzi, Fausto & Shleifer, Andrei, 2003. "Family Firms," Scholarly Articles 30747196, Harvard University Department of Economics.
- Mike Burkart & Fausto Panunzi & Andrei Shleifer, 2002. "Family Firms," NBER Working Papers 8776, National Bureau of Economic Research, Inc.
- Andrei Shleifer & Fausto Panunzi & Mike Burkart, 2002. "Family Firms," FMG Discussion Papers dp406, Financial Markets Group.
- Shleifer, Andrei & Panunzi, Fausto & Burkart, Mike, 2002. "Family Firms," CEPR Discussion Papers 3234, C.E.P.R. Discussion Papers.
- Burkart, Mike & Panunzi, Fausto & Shleifer, Andrei, 2003. "Family firms," LSE Research Online Documents on Economics 69549, London School of Economics and Political Science, LSE Library.
- Shleifer, Andrei & Panunzi, Fausto & Burkart, Mike, 2002. "Family firms," LSE Research Online Documents on Economics 24926, London School of Economics and Political Science, LSE Library.
- Gur Aminadav & Elias Papaioannou, 2020.
"Corporate Control around the World,"
Journal of Finance, American Finance Association, vol. 75(3), pages 1191-1246, June.
- Gur Aminadav & Elias Papaioannou, 2016. "Corporate Control around the World," NBER Working Papers 23010, National Bureau of Economic Research, Inc.
- Papaioannou, Elias & Aminadav, Gur, 2019. "Corporate Control around the World," CEPR Discussion Papers 13706, C.E.P.R. Discussion Papers.
- Barry, Thierno Amadou & Lepetit, Laetitia & Tarazi, Amine, 2011.
"Ownership structure and risk in publicly held and privately owned banks,"
Journal of Banking & Finance, Elsevier, vol. 35(5), pages 1327-1340, May.
- Thierno Amadou Barry & Laetitia Lepetit & Amine Tarazi, 2011. "Ownership Structure and Risk in Publicly Held and Privately Owned Banks," Post-Print hal-00918543, HAL.
- Thierno Amadou Barry & Laetitia Lepetit & Amine Tarazi, 2011. "Ownership structure and risk in publicly held and privately owned banks," Post-Print hal-01098969, HAL.
- Thierno Amadou Barry & Laetitia Lepetit & Amine Tarazi, 2011. "Ownership structure and risk in publicly held and privately owned Banks," Post-Print hal-00786434, HAL.
- Trojanowski, Grzegorz, 2008. "Equity block transfers in transition economies: Evidence from Poland," Economic Systems, Elsevier, vol. 32(3), pages 217-238, September.
- Bergman, Nittai K. & Nicolaievsky, Daniel, 2007. "Investor protection and the Coasian view," Journal of Financial Economics, Elsevier, vol. 84(3), pages 738-771, June.
- Chaiyasit Anuchitworawong, 2010. "The Value of Principles-Based Governance Practices and the Attenuation of Information Asymmetry," Asia-Pacific Financial Markets, Springer;Japanese Association of Financial Economics and Engineering, vol. 17(2), pages 171-207, June.
- Isabel Gutierrez & Jordi Surroca, 2014. "Revisiting corporate governance through the lens of the Spanish evidence," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 18(4), pages 989-1017, November.
- Wendy Carlin & Colin Mayer, 2002.
"International Evidence on Corporate Governance: Lessons for Developing Countries,"
Journal of African Economies, Centre for the Study of African Economies, vol. 11(suppl_1), pages 37-59, February.
- Wendy Carlin & Colin Mayer, 2000. "International Evidence On Corporate Governance: Lessons For Developing Countries," Abante, Escuela de Administracion. Pontificia Universidad Católica de Chile., vol. 2(2), pages 133-160.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:eecrev:v:43:y:1999:i:4-6:p:1071-1083. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/eer .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.