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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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Detail Information
- Series Title
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Auditing and Accounting Studies
- Call Number
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- Publisher
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Springer Gabler Wiesbaden :
Springer Gabler Wiesbaden.,
2015
- Collation
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XXXVI, 462,
- Language
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English
- ISBN/ISSN
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978-3-658-11402-2
- Classification
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NONE
- Content Type
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text
- Media Type
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computer
- Carrier Type
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-
- Edition
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1
- Subject(s)
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- Specific Detail Info
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- Statement of Responsibility
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Markus P. Urban
Other Information
- Cataloger
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Suwardi
- Source
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https://link.springer.com/book/10.1007/978-3-658-11402-2
- Validator
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-
Other version/related
No other version available
File Attachment
- 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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