Ownership Structure, Corporate Governance, and Firm Value: Evidence from the East Asian Financial Crisis

By Michael L. Lemmon, K. Lins. 2003

1,505 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/3a2ee6a87c2427dbc7ff109cc6645343eeeae657

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Citations in the corpus

Complex Ownership Structures and Corporate Valuations (2007, positive): “Empirical research confirms this prediction by finding a positive relationship between the cash-flow rights of the largest owners and firm value (La Porta et al., 2002; Lemmon and Lins, 2003).”
Large Shareholder Entrenchment and Performance: Empirical Evidence from Canada (2008, neutral): “(i) Ownership Structure and Firm Performance: Empirical Evidence A number of empirical studies deals with the issue of separation in emerging markets, mostly in an Asian context (Claessens et al., 2002; Mitton, 2002; Lins, 2003; Lemmon and Lins, 2003; Joh, 2003; and Baek et al., 2004).”
Emerging Markets Finance (2003, background): “The second part addresses 8 See Mathieson and Rojaz-Suarez (1992) as well as Edwards (1998) and Rodrik (1998). capital flows, in particular equity flows.”
Complex Ownership and Capital Structure (2012, positive): “Maury and Pajuste (2005) and Laeven and Levine (2008) find that the presence of multiple large shareholders matters for corporate valuations.”
Absorptive capacity and the effects of foreign direct investment and equity foreign portfolio investment on economic growth (2004, background): “Also, Lemmon and Lins (2001) 5nd that corporate ownerships structure helps determine the incentive of insiders to expropriate minority shareholders, speci5cally during 5nancial crises, and Bris and Koskinen (2002) argue that exchange rate policy, speci5cally alternatives to a 5xed peg, signi5cantly…”
Corporate governance and firm profitability: evidence from Korea before the economic crisis (2003, methodology): “To examine governance effects, Lemmon and Lins (2002) define cash flow rights leverage as the sum of ownership rights and indirect ownership over ownership rights.”
Business Groups in Emerging Markets: Paragons or Parasites? (2007, positive): “Lemmon and Lins (2003) report qualitatively similar findings for firms with extreme divergence between cash flow and control rights.”
Are family ownership and control in large firms good, bad, or irrelevant? (2011, background): “A smaller number of studies pool data from a number of Asian countries to generate models of “Asian corporate governance” ( Lemmon & Lins, 2003 ), which assume substantial homogeneity among these countries.”
Cash flows and leverage adjustments (2016, background): “Lemmon and Lins (2003) studied the effect of ownership structure on value on the event of the region's financial crisis on a sample of 800 firms in eight East Asian countries.”