Firm Performance, Financial Institutions and Corporate Governance in the Netherlands
This paper analyses the impact of share ownership, creditorship and networking by financial institutions on the performance of 94 Dutch non-financial firms in the period 1992-1996. We find a nonlinear relationship between firm performance and ownership by banks. Because of various defense mechanisms the role of the shareholder is very limited in the Netherlands. Financial institutions are, however, in a position to discipline firm management through other channels. It turns out that there is a direct positive link between share o wnership by banks and the firms` short-term bank loans, which in... Mehr ...
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Dokumenttyp: | doc-type:workingPaper |
Erscheinungsdatum: | 1999 |
Verlag/Hrsg.: |
Munich: Center for Economic Studies and ifo Institute (CESifo)
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Schlagwörter: | ddc:330 / G20 / G30 |
Sprache: | Englisch |
Permalink: | https://search.fid-benelux.de/Record/base-27624997 |
Datenquelle: | BASE; Originalkatalog |
Powered By: | BASE |
Link(s) : | http://hdl.handle.net/10419/75577 |