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Ownership Structure and Investor Protection

Inside Ownership and Firm Valuation


Bachelor Thesis, 2012

24 Pages, Grade: 1,3


Excerpt


I Table of Contents

II List of Figures

1 Introduction

2 Agency problem and shareholder protection
2.1 The scope of managerial discretion
2.2 Concentrated ownership
2.3 Legal shareholder protection around the world

3 Inside ownership and firm valuation
3.1 Managerial incentive alignment and entrenchment
3.2 Empirical analyses with basic regression models
3.3 Model expansion, intermediates, and endogeneity issues
3.3.1 Investment policy
3.3.2 Leverage policy
3.3.3 Dividend policy
3.3.4 Determinants of managerial ownership and unobserved firm heterogeneity

4 Conclusion

5 References

Excerpt out of 24 pages

Details

Title
Ownership Structure and Investor Protection
Subtitle
Inside Ownership and Firm Valuation
College
University of Tubingen
Grade
1,3
Author
Year
2012
Pages
24
Catalog Number
V196274
ISBN (eBook)
9783656223368
ISBN (Book)
9783656224129
File size
675 KB
Language
English
Keywords
Managerial ownership, inside ownership, ownership structure, investor protection, firm value, incentives, entrenchment, agency problem, concentrated ownership, legal shareholder protection, managerial discretion, intermediate variables, endogeneity, firm heterogeneity, investment policy, leverage policy, dividend policy, expropriation, free-rider, empirical analysis
Quote paper
Marco Klapper (Author), 2012, Ownership Structure and Investor Protection, Munich, GRIN Verlag, https://www.grin.com/document/196274

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