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Ownership and operating performance of companies that go public

Article Abstract:

The operating performance of a company is not significantly related to the ownership of officers and directors during the first ten years of public trading. However, companies that decide to go public may also experience a drop in median operating returns on assets and median ownership due to the presence of alternative forces and alignment of managerial interests. Such tendencies lead to the negation of previous documented works of Jain and Kini (1994) and Holthausen and Larcker (1996).

Management-Productivity, Analysis, Organizational effectiveness, Going public (Securities), Initial public offerings, Industrial productivity, Industrial management

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Finance investment, and growth

Article Abstract:

The relation between the institutional structure of advanced OECD countries and the comparative growth and investment of 27 industries in those countries over the period 1970 to 1995 is examined. Herein, the association between the structure of financial systems and the types of activities in which different countries are engaged is discussed.

Investments, Funding

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Governance and boards of directors in closed-end investment companies

Article Abstract:

The analysis of board structure and directors independence in closed-end investment companies is done. It is stated that the effective board independence are associated with lower expense ratios and value-enhancing restructurings.

Management investment, open-end, Mutual fund industry, Boards of directors

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