Add to ORKGThis paper investigates the influence of firm control structure on firm individual economic performance using a unique firm level data set of ownership and balance sheet information. This study fills a gap in the empirical governance literature by investigating whether or not there is expropriation of minority shareholders in small business groups. Contrary to what is usually observed for large business groups’ results show a positive relationship between the separation of control from ownership and firm performance. Results also underline that tunneling, in small business groups, seems motivated by controlling shareholders’ profit stability rather than profit maximization.Ownership; Control; Tunneling; Small Business.
Manuscript Type: Empirical Research Question/Issue: This paper aims at exploring the relationship be...
This paper provides new evidence on the impact of ownership over performance in small dimension mark...
We analyze the effect of pyramidal ownership levels on the performance of Chilean firms by consideri...
This paper investigates the influence of firm control structure on firm individual economic performa...
This paper investigates the influence that a firm's distance from control has on its performance, us...
Using a unique firm level data set on ownership and balance sheet information, we test for the influ...
International audienceThe purpose of this study is to provide an empirical analysis of the relations...
The relation between corporate governance and firm performance is generally focused on the rela-tion...
This study has investigated the majority shareholder's practice to use minority shareholders’ wealth...
This study is motivated by one of the most prevalent properties of modern corporations: separation o...
Tunneling behavior, which is defined as the transfer of assets and profits out of a firm for the ben...
Abstract Using a new data set of small public firms in Germany, this paper analyzes the incentive an...
Research Question/Issue: This paper aims at exploring the relationship between ownership structure a...
One of the most rigorous methodologies in the corporate governance literature uses firms’ reactions ...
Small and medium-sized enterprises (SMEs) are supposed to be less likely to conduct formal R&D becau...
Manuscript Type: Empirical Research Question/Issue: This paper aims at exploring the relationship be...
This paper provides new evidence on the impact of ownership over performance in small dimension mark...
We analyze the effect of pyramidal ownership levels on the performance of Chilean firms by consideri...
This paper investigates the influence of firm control structure on firm individual economic performa...
This paper investigates the influence that a firm's distance from control has on its performance, us...
Using a unique firm level data set on ownership and balance sheet information, we test for the influ...
International audienceThe purpose of this study is to provide an empirical analysis of the relations...
The relation between corporate governance and firm performance is generally focused on the rela-tion...
This study has investigated the majority shareholder's practice to use minority shareholders’ wealth...
This study is motivated by one of the most prevalent properties of modern corporations: separation o...
Tunneling behavior, which is defined as the transfer of assets and profits out of a firm for the ben...
Abstract Using a new data set of small public firms in Germany, this paper analyzes the incentive an...
Research Question/Issue: This paper aims at exploring the relationship between ownership structure a...
One of the most rigorous methodologies in the corporate governance literature uses firms’ reactions ...
Small and medium-sized enterprises (SMEs) are supposed to be less likely to conduct formal R&D becau...
Manuscript Type: Empirical Research Question/Issue: This paper aims at exploring the relationship be...
This paper provides new evidence on the impact of ownership over performance in small dimension mark...
We analyze the effect of pyramidal ownership levels on the performance of Chilean firms by consideri...