| 000 | 01057camuu2200277 a 4500 | |
| 001 | 000001059225 | |
| 005 | 20010418103922 | |
| 008 | 980722s1998 enka b 001 0 eng | |
| 010 | ▼a 98038334 //r99 | |
| 020 | ▼a 1858989787 | |
| 040 | ▼a DLC ▼c DLC ▼d DLC ▼d 244002 | |
| 043 | ▼a e-gx--- ▼a e-uk--- | |
| 049 | 0 | ▼l 151090323 |
| 050 | 0 0 | ▼a HD2741 ▼b .G63 1998 |
| 082 | 0 0 | ▼a 658.4 ▼2 21 |
| 090 | ▼a 658.4 ▼b G597c | |
| 100 | 1 | ▼a Goergen, Marc, ▼d 1968-. |
| 245 | 1 0 | ▼a Corporate governance and financial performance : ▼b a study of German and UK initial public offerings / ▼c Marc Goergen. |
| 260 | ▼a Cheltenham, UK ; ▼a Northampton, MA : ▼b Edward Elgar, ▼c c1998. | |
| 300 | ▼a xii, 183 p. : ▼b ill. ; ▼c 24 cm. | |
| 504 | ▼a Includes bibliographical references (p. 167-173) and index. | |
| 650 | 0 | ▼a Corporate governance. |
| 650 | 0 | ▼a Corporations ▼x Investor relations. |
| 650 | 0 | ▼a Going public (Securities) ▼z Germany. |
| 650 | 0 | ▼a Going public(Securities) ▼z Great Britain. |
소장정보
| No. | 소장처 | 청구기호 | 등록번호 | 도서상태 | 반납예정일 | 예약 | 서비스 |
|---|---|---|---|---|---|---|---|
| No. 1 | 소장처 세종학술정보원/사회과학실(4층)/ | 청구기호 658.4 G597c | 등록번호 151090323 (1회 대출) | 도서상태 대출가능 | 반납예정일 | 예약 | 서비스 |
컨텐츠정보
책소개
Goergen (finance, U. of Reading) presents an original study of the German and British financial markets, drawing on detailed company micro-data to examine the ownership and performance of each firm during the six years after its flotation. He finds that the evolution of ownership depends on certain corporate characteristics, and that differences in financial performance cannot be explained simply by differences in the concentration of ownership. His conclusions shed light on the question of whether corporate ownership influences or is influenced by financial performance, and have implications for the current public debate on corporate governance and the globalization of financial markets. Annotation c. by Book News, Inc., Portland, Or.
정보제공 :
목차
CONTENTS List of Figures = ⅶ List of Tables = ⅷ Preface = xi 1. Introduction = 1 2. Theory and Empirical Research = 6 2.1 Introduction = 6 2.2 The evolution of ownership and control = 7 2.3 Ownership and firm value = 11 2.4 Conclusion = 22 3 The German and UK Capital Markets = 25 3.1 Some stylized facts = 25 3.2 UK and German listing requirements = 26 3.3 Inheritance tax = 31 3.4 Conclusion = 34 4. The Evolution of Ownership and Control in German IPOs = 36 4.1 Introduction = 36 4.2 Is ownership equivalent to control? = 36 4.3 Management structure of German companies = 40 4.4 A test of conjectures = 41 4.5 Data description and definitions = 43 4.6 Ownership and its evolution = 44 4.7 Sales of share stakes and change of the major shareholder = 51 4.8 Control exercised by the incumbent family shareholder = 57 4.9 Relegation of control to other stakeholders = 65 4.10 Conclusion = 68 5. British and German IPOs - A Comparison = 72 5.1 Introduction = 72 5.2 Characteristics of quoted firms and conjectures to be tested = 73 5.3 Data description = 76 5.4 The separation of ownership and control = 78 5.5 Conclusion = 82 Appendix : Additional data on the industry-matched sample = 85 6. Explaining the Evolution of Ownership = 88 6.1 Introduction = 88 6.2 Specification of the model = 89 6.3 Results of the estimation = 102 6.4 Changes of ownership : two different modes = 110 6.5 Conclusion = 119 Appendix : Data on the industry-matched sample = 122 7. Do German Firms have a Better Performance? = 128 7.1 Introduction = 128 7.2 Does ownership matter? = 129 7.3 Data description and measures of performance used = 133 7.4 Discussion of the results = 134 7.5 Conclusion = 155 Appendix : Additional tables = 159 8. Conclusion and Policy Implications = 161 Bibliography = 167 Index = 175