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Details van artikel 31 van 50 gevonden artikelen
| Titel: |
Performance of IPFs after mass privatization process. Evidence from Russian and Czech mass privatization programs |
| Auteur: |
Simona Aurelia Bodog Alexandru Constangioara Nicoleta Bugnar Liana Mester |
| Verschenen in: |
Journal of electrical and electronics engineering |
| Paginering: | Jaargang 2 (2009) nr. 1 pagina's 219-222 |
| Jaar: |
2009 |
| Inhoud: |
IPFs were created to facilitate theownership concentration. Extensive literature pointsout that effective corporate governance needsownership concentration. Vishny and Shleifer (1986),Mc Connell and Servaes (1990), Vishny, Shleifer(1997) find a positive relation between ownershipconcentration and corporate performance in US. Theyall argue that diffuse ownership yields significantpower to managers, whose interests do not coincidewith shareholder’s interests. Consequently, managerscould purse non-value maximizing activities such asself dealing, quiet life or empire building. This paperexamines evidence on IPFs in transitional economiesof Czech Republic and Russia. |
| Uitgever: |
Editura Universităţii din Oradea (provided by DOAJ) |
| Bronbestand: |
Elektronische Wetenschappelijke Tijdschriften |
Details van artikel 31 van 50 gevonden artikelen
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