1 resultado para costs of raising capital
em Abertay Research Collections - Abertay University’s repository
Filtro por publicador
- JISC Information Environment Repository (1)
- Repository Napier (1)
- Aberdeen University (1)
- Abertay Research Collections - Abertay University’s repository (1)
- Aberystwyth University Repository - Reino Unido (3)
- Academic Archive On-line (Jönköping University; Sweden) (2)
- Academic Research Repository at Institute of Developing Economies (5)
- AMS Tesi di Dottorato - Alm@DL - Università di Bologna (1)
- Aquatic Commons (19)
- Archive of European Integration (27)
- Archivo Digital para la Docencia y la Investigación - Repositorio Institucional de la Universidad del País Vasco (14)
- Aston University Research Archive (15)
- Avian Conservation and Ecology - Eletronic Cientific Hournal - Écologie et conservation des oiseaux: (1)
- Biblioteca Digital da Produção Intelectual da Universidade de São Paulo (5)
- Biblioteca Digital de Teses e Dissertações Eletrônicas da UERJ (12)
- BORIS: Bern Open Repository and Information System - Berna - Suiça (38)
- Boston University Digital Common (5)
- Brock University, Canada (10)
- Bucknell University Digital Commons - Pensilvania - USA (1)
- CaltechTHESIS (2)
- Cambridge University Engineering Department Publications Database (4)
- CentAUR: Central Archive University of Reading - UK (39)
- Chinese Academy of Sciences Institutional Repositories Grid Portal (5)
- Cochin University of Science & Technology (CUSAT), India (1)
- Coffee Science - Universidade Federal de Lavras (1)
- Comissão Econômica para a América Latina e o Caribe (CEPAL) (19)
- CORA - Cork Open Research Archive - University College Cork - Ireland (6)
- Corvinus Research Archive - The institutional repository for the Corvinus University of Budapest (11)
- Dalarna University College Electronic Archive (1)
- Deakin Research Online - Australia (109)
- Digital Commons - Michigan Tech (1)
- Digital Commons @ DU | University of Denver Research (3)
- Digital Commons at Florida International University (7)
- Digital Repository at Iowa State University (1)
- DigitalCommons@The Texas Medical Center (3)
- Doria (National Library of Finland DSpace Services) - National Library of Finland, Finland (3)
- Duke University (14)
- Ecology and Society (1)
- eResearch Archive - Queensland Department of Agriculture; Fisheries and Forestry (17)
- Glasgow Theses Service (1)
- Greenwich Academic Literature Archive - UK (2)
- Helda - Digital Repository of University of Helsinki (30)
- Illinois Digital Environment for Access to Learning and Scholarship Repository (2)
- Indian Institute of Science - Bangalore - Índia (10)
- Instituto Superior de Psicologia Aplicada - Lisboa (1)
- Ministerio de Cultura, Spain (2)
- National Center for Biotechnology Information - NCBI (2)
- Nottingham eTheses (1)
- Plymouth Marine Science Electronic Archive (PlyMSEA) (4)
- Portal de Revistas Científicas Complutenses - Espanha (2)
- Publishing Network for Geoscientific & Environmental Data (4)
- QUB Research Portal - Research Directory and Institutional Repository for Queen's University Belfast (51)
- Queensland University of Technology - ePrints Archive (212)
- Repositório Alice (Acesso Livre à Informação Científica da Embrapa / Repository Open Access to Scientific Information from Embrapa) (1)
- Repositório digital da Fundação Getúlio Vargas - FGV (40)
- Repositório Institucional da Universidade Federal de Goiás - UFG (1)
- Repositório Institucional UNESP - Universidade Estadual Paulista "Julio de Mesquita Filho" (14)
- Repositorio Institucional Universidad de Medellín (1)
- RUN (Repositório da Universidade Nova de Lisboa) - FCT (Faculdade de Cienecias e Technologia), Universidade Nova de Lisboa (UNL), Portugal (6)
- Scielo España (1)
- Universidad Autónoma de Nuevo León, Mexico (2)
- Universidad de Alicante (2)
- Universidad del Rosario, Colombia (5)
- Universidad Politécnica de Madrid (8)
- Universidade Metodista de São Paulo (2)
- Universitat de Girona, Spain (1)
- Universitätsbibliothek Kassel, Universität Kassel, Germany (3)
- Université de Lausanne, Switzerland (1)
- Université de Montréal, Canada (10)
- Université Laval Mémoires et thèses électroniques (1)
- University of Canberra Research Repository - Australia (2)
- University of Connecticut - USA (7)
- University of Michigan (59)
- University of Queensland eSpace - Australia (32)
- WestminsterResearch - UK (16)
- Worcester Research and Publications - Worcester Research and Publications - UK (1)
Resumo:
Previous research argues that large non-controlling shareholders enhance firm value because they deter expropriation by the controlling shareholder. We propose that the conflicting incentives faced by large shareholders may induce a nonlinear relationship between the relative size of large shareholdings and firm value. Consistent with this prediction, we present evidence that there are costs of having a second (and third) largest shareholder, especially when the largest shareholdings are similar in size. Our results are robust to various relative size proxies, firm performance measures, model specifications, and potential endogeneity issues.