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Corporate Financial Strategies and Performance: Does Corporate Governance Really Matter? - Couverture souple

Lotto, Josephat

 
9783659171918: Corporate Financial Strategies and Performance: Does Corporate Governance Really Matter?
Couverture souple
ISBN 10 : 3659171913 ISBN 13 : 9783659171918
Editeur : LAP LAMBERT Academic Publishing, 2012

Synopsis

The distribution of equity holdings, which relates to corporate control power, serves as a control mechanism to optimise the allocation of corporate resources. Therefore, through control power granted to a firm’s equity holders, ownership affects productivity by influencing the company’s financial policies and thus its performance. Equity owners use their voting power to limit selfish managerial behaviour patterns, which impacts on company performance. Regarding the influence of ownership on capital structure and performance, it is suggested that larger block-holders tend to monitor managers and, as a result, prevent them from making financial decisions that favour their own self interests, including decisions to adjust the corporate capital structure to suit their personal advancements. Reflecting on Jensen's Free Cashflows Hypothesis, dividends may also play a crucial role in preventing controlling shareholders from extracting personal benefits and, therefore, reducing possible agency conflicts between minority and majority shareholders.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

Présentation de l'éditeur

The distribution of equity holdings, which relates to corporate control power, serves as a control mechanism to optimise the allocation of corporate resources. Therefore, through control power granted to a firm’s equity holders, ownership affects productivity by influencing the company’s financial policies and thus its performance. Equity owners use their voting power to limit selfish managerial behaviour patterns, which impacts on company performance. Regarding the influence of ownership on capital structure and performance, it is suggested that larger block-holders tend to monitor managers and, as a result, prevent them from making financial decisions that favour their own self interests, including decisions to adjust the corporate capital structure to suit their personal advancements. Reflecting on Jensen's Free Cashflows Hypothesis, dividends may also play a crucial role in preventing controlling shareholders from extracting personal benefits and, therefore, reducing possible agency conflicts between minority and majority shareholders.

Biographie de l'auteur

Dr Josephat Lotto is a lecturer at the Institute of Finance Management in Tanzania, East Africa.He holds PhD in Finance. Josephat strated his PhD program in Leeds University,UK in January 2009 and completed it in the University of Strathclyde,UK in February 2012.His major writing and research areas are Corporate Governance and Corporate Finance.

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
LAP LAMBERT Academic Publishing
Date d'édition
2012
Langue
anglais
ISBN 10 
3659171913
ISBN 13 
9783659171918
Reliure
Broché
Nombre de pages
92
Coordonnées du fabricant
non disponible
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