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The Influence of Blockholders on Agency Costs and Firm Value

Markus P. Urban - Personal Name;

Markus P. Urban investigates the influence of large shareholders (the so-called blockholders) on agency costs and firm value, thereby accounting for blockholder characteristics and blockholder interrelationships. The work provides a profound theoretical and empirical analysis on the nature and effect of shareholder engagement with due regard to the specifics of the German institutional environment. Its empirical results illustrate that the effect of shareholder engagement depends on the characteristics of the specific blockholder as well as on interrelationships with additional blockholders.


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Detail Information
Series Title
Auditing and Accounting Studies
Call Number
-
Publisher
Springer Gabler Wiesbaden : Springer Gabler Wiesbaden., 2015
Collation
XXXVI, 462,
Language
English
ISBN/ISSN
978-3-658-11402-2
Classification
NONE
Content Type
text
Media Type
computer
Carrier Type
-
Edition
1
Subject(s)
Leadership
Corporate Governance,
Financial Economics
Business Strategy
Specific Detail Info
-
Statement of Responsibility
Markus P. Urban
Other Information
Cataloger
Suwardi
Source
https://link.springer.com/book/10.1007/978-3-658-11402-2
Validator
-
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  • The Influence of Blockholders on Agency Costs and Firm Value
    Markus P. Urban investigates the influence of large shareholders (the so-called blockholders) on agency costs and firm value, thereby accounting for blockholder characteristics and blockholder interrelationships. The work provides a profound theoretical and empirical analysis on the nature and effect of shareholder engagement with due regard to the specifics of the German institutional environment. Its empirical results illustrate that the effect of shareholder engagement depends on the characteristics of the specific blockholder as well as on interrelationships with additional blockholders.
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