scholarly journals Corporate ownership in Spain

2007 ◽  
Vol 5 (1) ◽  
pp. 322-331 ◽  
Author(s):  
Domingo Javier Santana-Martin ◽  
Inmaculada Aguiar-Diaz
Keyword(s):  
Cash Flow ◽  
Voting Rights ◽  
Listed Companies ◽  
The Other ◽  
Corporate Ownership ◽  
Other Hand ◽  
Control Threshold ◽  
Cash Flow Rights ◽  
Pyramid Structures ◽  
Ultimate Owners

In this paper we analyse the structure of ownership in non-financial Spanish listed companies in the period 1996-2002, focussing on the control chain methodology. The results obtained show that the main shareholder’s control threshold stands at about 29% of the voting rights and that in 2002 families were the ultimate owners in 52.7% of the firms. On the other hand, the use of pyramid structures continues to increase. In 2002, 29.1% of the companies were controlled in this way, which means that the ratio of voting rights to cash flow rights for this year was 0.89

scholarly journals Evolution of ownership and control in Italian IPO firms

2008 ◽  
Vol 6 (2) ◽  
pp. 312-333 ◽  
Author(s):  
Silvia Rigamonti
Keyword(s):  
Cash Flow ◽  
Ownership Structure ◽  
Voting Rights ◽  
Set Up ◽  
Cash Flow Rights ◽  
And Control

This article examines the evolution of ownership of cash flow rights and control of voting rights of firms that went public in Italy over the period 1985-2005. At the IPO, the ownership structure does not evolve towards a dispersed one. Even 10 years after the flotation, the initial ultimate shareholder retains the majority of voting rights. Though control is valuable, original owners do not systematically set up structures that dissociate cash flow from voting rights.

Earnings and dividend informativeness when cash flow rights are separated from voting rights

2005 ◽  
Vol 39 (2) ◽  
pp. 329-360 ◽  
Author(s):  
Jennifer Francis ◽  
Katherine Schipper ◽  
Linda Vincent
Keyword(s):  
Cash Flow ◽  
Voting Rights ◽  
Cash Flow Rights

scholarly journals Impacts of financial distress on real and accrual earnings management

2018 ◽  
Vol 22 (2) ◽  
pp. 222
Author(s):  
Danella Rachel Muljono ◽  
Kim Sung Suk
Keyword(s):  
Earnings Management ◽  
Financial Distress ◽  
Listed Companies ◽  
Production Costs ◽  
The Other ◽  
Real Earnings Management ◽  
Financial Health ◽  
Other Hand ◽  
Management Approaches ◽  
The Impact

This research investigates the impact of financial distress on the magnitude of different earnings management approaches, namely real earnings management and accruals earnings management. This research utilizes a total of 2002 firm-year observations from 259 publicly-listed companies and 20 sub-industries in Indonesia from the year 2005 to 2014. Financial distress causes a significant increase of real earnings management and a significant decrease of accruals earnings management. It means that the healthier the company, the bigger the magnitude of real earnings management that is conducted through managing production costs and discretionary expenses. On the other hand, the lower the financial health of the company, the bigger the magnitude of accruals earnings management that is conducted through managing discretionary component of accruals.

scholarly journals The Effect Of Corporate Governance On Corruption In Public Listed Companies In The Context Of Jordan

2021 ◽  
Vol 58 (1) ◽  
pp. 555-566
Author(s):  
Mohamed Fahmi Ghazwi
Keyword(s):  
Corporate Governance ◽  
Financial Institutions ◽  
Listed Companies ◽  
The Other ◽  
Minority Shareholders ◽  
Legal Provisions ◽  
Other Hand ◽  
Number Of Factors ◽  
The One ◽  
The Relationship

The OECD defined corporate governance  as, enforce laws, rules and standards that define the relationship between company management on the one hand, shareholders, stakeholders or parties associated with the company on the other, and urge financial institutions to adopt those laws and standards in their systems to ensure universal classification, such laws and standards are called corporate governance. Some countries have adopted such standards, which are based on integrity and transparency, such as the Hashemite Kingdom of Jordan, but the apply these standards to protect the minority of shareholders in the joint stock companies are in conflict with certain legal provisions laid down by the Jordanian legislature in the companies Act. The Jordanian companies' law and some other financial laws have, of course, included a number of factors that encourage corporate governance, but on the other hand, we find texts that still impede the application of these standards and provide indicators that do not encourage the application of their standards and affect the rights of minority shareholders. The study will refer to the most important corporate governance criteria that balance the rights of the minority and majority shareholders with those that still need to be modified.

The Interdependency of Cash Flow Rights and Voting Rights on Post-acquisition Value

2017 ◽  
Vol 2017 (1) ◽  
pp. 10122
Author(s):  
I-Chen Wang ◽  
Bari Bendell ◽  
Ryoichi Kubo ◽  
Ezekiel Masao Leo
Keyword(s):  
Cash Flow ◽  
Voting Rights ◽  
Cash Flow Rights

scholarly journals The interdependency of cash flow rights and voting rights on post-acquisition value

2020 ◽  
Vol 25 (3) ◽  
pp. 177-187
Author(s):  
I. Kim Wang ◽  
Bari L. Bendell ◽  
Ryoichi Kubo ◽  
Ezekiel Leo
Keyword(s):  
Cash Flow ◽  
Voting Rights ◽  
Cash Flow Rights
Sign in / Sign up

Export Citation Format

Share Document