The influence of blockholders on agency costs and firm value : an empirical examination of blockholder characteristics and interrelationships for German listed firms

Author(s)

    • Urban, Markus P.
    • Köhler, Annette

Bibliographic Information

The influence of blockholders on agency costs and firm value : an empirical examination of blockholder characteristics and interrelationships for German listed firms

Markus P. Urban ; foreword by Annette G. Köhler

(Auditing and Accounting Studies / Annette Köhler ... [et al.])(Research)

Springer Gabler, c2015

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Note

Originally presented as the author's thesis (doctoral)--University of Duisburg-Essen, 2015

Bibliography: p. 417-455

"List of laws and other standards": p. 456-458

"List of other sources": p. 459-462

Description and Table of Contents

Description

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.

Table of Contents

Agency Theory.- Institutional Environment in Germany.- Monitoring by a Blockholder.- Determinants and Empirical Analysis of Blockholder Monitoring.

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