|
|
|
|
The Impact of Chilean Publicly Traded Firms' Ownership Structures On Performance and Disclosure Levels |
|
| Abstract | Word Stems | Keywords | Association | Citation | Get this Document | Similar Titles |
|
STOP! You can now view the document associated with this citation by clicking on the "View Document as HTML" link below. |
|
Click here to view the document
|
Abstract:
|
This study contributes to the corporate governance literature by analyzing developments in the ownership structures of publicly traded firms in Chile. The study measures the impact of institutional holdings and insidersÂ’ ownership on firm performance and disclosure levels. Our findings suggest institutional holdings and insider ownership levels positively affect firm performance but negatively affect disclosure levels. When insider ownership levels reach 60 percent, there is evidence for the convergence-of-interest hypothesis between inside shareholders and institutional investors in positively affecting firm performance. Our results are important for countries seeking to introduce legislations and market-based mechanisms to improve corporate governance. |
Most Common Document Word Stems:
level (151), ownership (150), firm (149), insid (96), afp (70), disclosur (67), institut (55), chile (54), corpor (51), percent (50), perform (45), hold (41), investor (40), find (39), govern (37), pp (36), effect (36), market (35), 60 (33), variabl (33), journal (33), |
|
|
 | Convention | | Need a solution for abstract management? All Academic can help! Contact us today to find out how our system can help your annual meeting. |  | Submission - Custom fields, multiple submission types, tracks, audio visual, multiple upload formats, automatic conversion to pdf. |  | Review - Peer Review, Bulk reviewer assignment, bulk emails, ranking, z-score statistics, and multiple worksheets! |  | Reports - Many standard and custom reports generated while you wait. Print programs with participant indexes, event grids, and more! |  | Scheduling - Flexible and convenient grid scheduling within rooms and buildings. Conflict checking and advanced filtering. |  | Communication - Bulk email tools to help your administrators send reminders and responses. Use form letters, a message center, and much more! |  | Management - Search tools, duplicate people management, editing tools, submission transfers, many tools to manage a variety of conference management headaches! | | Click here for more information. |
|
|
Association:
Name: BALAS Annual Conference URL: http://http://www.balas.org/
|
Citation:
|
MLA Citation:
| Pizarro, Veronica., Curci, Roberto., Mahenthiran, Sakthi. and Cademartori, David. "The Impact of Chilean Publicly Traded Firms' Ownership Structures On Performance and Disclosure Levels" Paper presented at the annual meeting of the BALAS Annual Conference, ITESM, Guadalajara, Mexico, Apr 01, 2009 <Not Available>. 2013-05-05 <http://citation.allacademic.com/meta/p298405_index.html> |
APA Citation:
| Pizarro, V. , Curci, R. , Mahenthiran, S. and Cademartori, D. , 2009-04-01 "The Impact of Chilean Publicly Traded Firms' Ownership Structures On Performance and Disclosure Levels" Paper presented at the annual meeting of the BALAS Annual Conference, ITESM, Guadalajara, Mexico Online <APPLICATION/PDF>. 2013-05-05 from http://citation.allacademic.com/meta/p298405_index.html |
Publication Type: Conference Paper/Unpublished Manuscript Review Method: Peer Reviewed Abstract: This study contributes to the corporate governance literature by analyzing developments in the ownership structures of publicly traded firms in Chile. The study measures the impact of institutional holdings and insidersÂ’ ownership on firm performance and disclosure levels. Our findings suggest institutional holdings and insider ownership levels positively affect firm performance but negatively affect disclosure levels. When insider ownership levels reach 60 percent, there is evidence for the convergence-of-interest hypothesis between inside shareholders and institutional investors in positively affecting firm performance. Our results are important for countries seeking to introduce legislations and market-based mechanisms to improve corporate governance. |
Get this Document:
Find this citation or document at one or all of these locations below. The links below may have the citation or the entire document for free or you may purchase access to the document. Clicking on these links will change the site you're on and empty your shopping cart.
Similar Titles:
Privatization and Corporate Governance: The Effect of Privatization on Shareholder Rights, Financial Disclosure, and Insider Trading Laws in the Developed Economies
Publicity and Corporate Market Performance: The Moderating Effect of Corporate Reputation
Corporate governance as political insurance: firm-level institutional creation in emerging markets and beyond
|
|