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  • © 2015

The Influence of Blockholders on Agency Costs and Firm Value

An Empirical Examination of Blockholder Characteristics and Interrelationships for German Listed Firms

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  • Publication in the field of economic sciences

  • Includes supplementary material: sn.pub/extras

Part of the book series: Auditing and Accounting Studies (AAS)

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Table of contents (7 chapters)

  1. Front Matter

    Pages I-XXXVI
  2. Introduction

    • Markus P. Urban
    Pages 1-10
  3. Monitoring by a Blockholder

    • Markus P. Urban
    Pages 100-126
  4. Determinants of Blockholder Monitoring

    • Markus P. Urban
    Pages 127-178
  5. Empirical Analysis

    • Markus P. Urban
    Pages 245-360
  6. Conclusion

    • Markus P. Urban
    Pages 361-372
  7. Back Matter

    Pages 373-462

About this book

Markus P. Urban investigates the influence of large shareholders (the so-called blockholders) on agency costs and firm value, thereby accounting for blockholder characteristics and blockholder interrelationships. The work provides a profound theoretical and empirical analysis on the nature and effect of shareholder engagement with due regard to the specifics of the German institutional environment. Its empirical results illustrate that the effect of shareholder engagement depends on the characteristics of the specific blockholder as well as on interrelationships with additional blockholders.

Authors and Affiliations

  • Mercator School of Management, Universität Duisburg-Essen, Duisburg, Germany

    Markus P. Urban

About the author

Dr. Markus P. Urban completed his doctoral studies under the guidance of Prof. Dr. Annette G. Köhler at the Chair of Accounting and Auditing at the Mercator School of Management, University of Duisburg-Essen.

Bibliographic Information

  • Book Title: The Influence of Blockholders on Agency Costs and Firm Value

  • Book Subtitle: An Empirical Examination of Blockholder Characteristics and Interrelationships for German Listed Firms

  • Authors: Markus P. Urban

  • Series Title: Auditing and Accounting Studies

  • DOI: https://doi.org/10.1007/978-3-658-11402-2

  • Publisher: Springer Gabler Wiesbaden

  • eBook Packages: Business and Economics, Business and Management (R0)

  • Copyright Information: Springer Fachmedien Wiesbaden 2015

  • Softcover ISBN: 978-3-658-11401-5Published: 13 November 2015

  • eBook ISBN: 978-3-658-11402-2Published: 04 November 2015

  • Series ISSN: 2627-1486

  • Series E-ISSN: 2627-1494

  • Edition Number: 1

  • Number of Pages: XXXVI, 462

  • Topics: Corporate Governance, Business Strategy/Leadership, Finance, general

Buy it now

Buying options

eBook USD 39.99
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book USD 54.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access