Ownership: Evolution and Regulation

By Julian R. Franks, Colin Mayer, Stefano Rossi. 2009

293 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/953377df07bf5faf2c4a6b70225558afb69e15bd

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Citations in the corpus

IPO Underpricing Over the Very Long Run (2009, unknown): “Consistent with this timeline of improved financial disclosure, Franks, Mayer and Rossi (2005)”
Blockholders: A Survey of Theory and Evidence (2017, unknown): “Carleton, Nelson, and Weisbach (1998), Becht, Franks, Mayer, and Rossi (2009), and McCahery, Sautner, and Starks (2016) provide evidence that a significant amount of shareholder intervention occurs behind the scenes and is unobservable to outsiders.”
Investor Protection and Interest Group Politics (2010, unknown): “The existence of such a causal link from increased participation in the stock market to higher investor protection is consistent with the evidence in Franks et al. (2006) that formal legal protection of investors in the U.K. to a substantial extent followed rather than preceded the dispersion of…”
Going Public to Acquire? The Acquisition Motive in IPOs (2010, unknown): “A potential concern with the results on offer price revision is that it is highly correlated with the level of underpricing as shown by Hanley (1993) and Bradley and Jordan (2002).”
Real Earnings Management and Accrual-based Earnings Management in Family Firms (2014, background): “Franks et al. (2009) find that median sales in German family firms is 1.16 billion Euros in 2006, which compares to 0.54 billion Euros, 0.77 billion Euros, and 0.20 billion Euros in France, UK, and Italy, respectively.”
The Life Cycle of Family Ownership: International Evidence (2012, background): “Franks, Mayer, and Rossi (2009) show that in UK firms, shareholder concentration is diluted over time as a result of merger and acquisition (M&A) activity.”
Comparative and International Corporate Governance (2010, background): “Nonetheless, other evidence D o w n l o a d e d B y : [ F r i e d r i c h A l t h o f f K o n s o r t i u m ] A t : 1 5 : 0 2 6 J u l y 2 0 1 0 528 • The Academy of Management Annals suggests that, in the United Kingdom, corporate governance practices oriented strongly toward shareholder-value do ha”
The Economic Consequences of Legal Origins (2008, unknown): “55 A small but lively historical literature argues that Britain had a well developed stock market at the beginning of the 20th century, with beginnings of ownership dispersion, but that this had nothing to do with the law (Cheffins 2001, Franks et al. 2005).”
Identifying impediments to SRI in Europe: a review of the practitioner and academic literature (2008, background): “In contrast, in continental Europe (e.g. Germany), the ownership of large quoted companies is usually concentrated in the 304 r 2008 The Authors Journal compilation r 2008 Blackwell Publishing Ltd. hands of very few shareholders, primarily families (Franks et al. 2004).”