Agency costs and innovation: some empirical evidence

Article Abstract:

A study analyzes how the corporate ownership structure empirically affects technological innovations and tests the hypothesis that separately owned and controlled business enterprises are not as innovative as those with increased management ownership concentrations or substantial equity blocks owned by external investors. Results show that the hypothesis is true in terms of patent activity, growth via acquisitions compared to internal growth, and long-term investment payment scheduling.

Research, Analysis, Technological innovations, Agency theory

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Earnings and dividends informativeness when cash flow rights are separated from voting rights

Article Abstract:

The information provided by earnings and dividends for firms with dual class and single class ownership structures is analyzed. Dual class ownership structures leads to a reduction in the credibility of earnings and increases the credibility of dividends as measures of performance.

United States, Sales, profits & dividends, Proprietorships, Company sales and earnings, Company earnings/profit, One-person corporations, Sole proprietorships

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The impact of taxes on the choice of divestiture method

Article Abstract:

The impact of tax costs on the way that divestitures are carried out is examined in detail. Reasons for managers selecting particular divestiture methods are suggested.

Economics, Research and Development in the Social Sciences and Humanities, Acquisitions and mergers, Accounting, Tax planning

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