The ownership and control of listed UK firms is often thought to be much simpler than the ownership and control of listed firms from most of the rest of the world, including Continental Europe. However, a study I coauthored with Svetlana Mira shows that this is not always the case.
For example, the distinction between beneficial and non-beneficial holdings can introduce duplication in the holdings of insiders, which may be difficult to resolve. In a study forthcoming in The British Accounting Review, we highlight a number of challenges that researchers face when determining the ownership and control of listed UK firms. We propose ways of tackling these challenges.
We expect these challenges to become more pronounced over the next years due to the recent changes to the UK listing rules following the Hill review.
The study is available free of charge from here.
The Impact of CEO Political Ideology on Labour Cost Reductions and Payout Decisions During the COVID-19 Pandemic
How did CEOs of S&P500 firms navigate the challenges of the COVID-19 pandemic? Did they prioritize shareholders by maintaining dividends, or did they focus on protecting jobs? In a recent study conducted with my co-authors Ali Bayat , Panagiotis Koutroumpis and Xingjie Wei , we find that the answer to this question depends on a CEO's political orientation. The study was published in the Journal of Corporate Finance where it is available for free via open access . A brief podcast discussing the study is available below. Marc Goergen · Podcast - Covid paper
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