Ownership Structure and Control: Property-Casualty Insurer Conversion to Stock Charter

Author(s):  
David Mayers ◽  
Clifford W. Smith, Jr.
2008 ◽  
Vol 6 (2) ◽  
pp. 312-333 ◽  
Author(s):  
Silvia Rigamonti

This article examines the evolution of ownership of cash flow rights and control of voting rights of firms that went public in Italy over the period 1985-2005. At the IPO, the ownership structure does not evolve towards a dispersed one. Even 10 years after the flotation, the initial ultimate shareholder retains the majority of voting rights. Though control is valuable, original owners do not systematically set up structures that dissociate cash flow from voting rights.


1988 ◽  
Vol 31 (2) ◽  
pp. 351-378 ◽  
Author(s):  
David Mayers ◽  
Clifford W. Smith,

2008 ◽  
Vol 5 (2) ◽  
pp. 110-127
Author(s):  
Olga del Orden-Olasagasti ◽  
Aitor Garmendia-Lazcano

When approaching the study of how financial systems carry out their role in the control of the good governance of enterprises, many articles of research have centred on the analysis of the ownership structure of these firms. Attempts have been made to see if differences exist, in the nature and degree of concentration of ownership, in the level of pressure and control exercised over the managers and the repercussion of all this on the manner of managing the business. The intention of our research article is to shed light on the development of the structures of ownership and control in Spanish enterprises between 1997 and 2006, and their possible influence on the results of these enterprises


2018 ◽  
Vol 15 (4) ◽  
pp. 48-60 ◽  
Author(s):  
Sanaa Maswadeh

The objective of this study is to investigate the effect of the ownership structure, which includes concentration ownership, institutional ownership and foreign ownership in the light of the debt ratio and company size as controlling variables in limiting the earnings management practices of the Jordanian industrial companies for the period 2012–2016. The hypotheses of the study were tested using the multiple regression models. Among the most prominent findings of the study are: the explanatory factor (R2) for the independent and control variables accounts for 38% of the change in the earnings management of the Jordanian industrial companies, moreover, a significant effect of the concentration ownership was found in the limitation of earnings management practices; while, there was no significant influence of institutional ownership and foreign ownership on the earnings management practices in Jordanian industrial companies. Major limitation to this study is the only considered listed industrial Jordanian firms. Thus, the generalization of the results to other sectors and diverse economic conditions and regulations may be constrained. Finally, Jordanian policymaker reform policies motivate companies to increase their interest on concentration ownership structure, as the study showed the significant effect of the concentration ownership in the limitation of earnings management practice.


2020 ◽  
Vol 27 (3) ◽  
pp. 357-375
Author(s):  
Matthias Glaser ◽  
Michal Jirasek ◽  
Josef Windsperger

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