Advanced Search
MyIDEAS: Login to save this article or follow this journal

Property networks of corporations as cause of abusive behaviour: a stock market analysis based on institutional economics

Contents:

Author Info

  • Makram El-Shagi

Abstract

The present study deals with the fact that it seems as if executive boards have developed a self-service-mentality concerning the corporations they are meant to manage. The surprise about this is not the attempt of exploitation (rather the opposite would be surprising from an economic point of view) but the apparent absence of sanctions imposed by the owners. This study shows that this behaviour of corporations’ owners is at least to a main part due to the fact, that the reciprocal property of corporations prevents the exercise of certain property rights by the 'true’ holders.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://taylorandfrancis.metapress.com/link.asp?target=contribution&id=P1714238PG455437
Download Restriction: Access to full text is restricted to subscribers.

As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

Bibliographic Info

Article provided by Taylor and Francis Journals in its journal Applied Financial Economics Letters.

Volume (Year): 1 (2005)
Issue (Month): 5 (September)
Pages: 279-283

as in new window
Handle: RePEc:taf:apfelt:v:1:y:2005:i:5:p:279-283

Contact details of provider:
Web page: http://www.tandfonline.com/RAFL20

Order Information:
Web: http://www.tandfonline.com/pricing/journal/RAFL20

Related research

Keywords:

References

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
as in new window
  1. L. A. A. Van den Berghe & Abigail Levrau, 2004. "Evaluating Boards of Directors: what constitutes a good corporate board?," Corporate Governance: An International Review, Wiley Blackwell, vol. 12(4), pages 461-478, October.
  2. Goyal, Vidhan K. & Park, Chul W., 2002. "Board leadership structure and CEO turnover," Journal of Corporate Finance, Elsevier, vol. 8(1), pages 49-66, January.
Full references (including those not matched with items on IDEAS)

Citations

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:taf:apfelt:v:1:y:2005:i:5:p:279-283. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.