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  2. School of Management and Law
  3. Publikationen
  4. Publikationen School of Management and Law
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dc.contributor.authorSikavica, Katarina-
dc.contributor.authorKessler, Esther-
dc.date.accessioned2018-08-29T13:08:32Z-
dc.date.available2018-08-29T13:08:32Z-
dc.date.issued2013-
dc.identifier.issn1727-9232de_CH
dc.identifier.issn1810-3057de_CH
dc.identifier.urihttps://digitalcollection.zhaw.ch/handle/11475/9903-
dc.description.abstractThis study relies on preference heterogeneity and locus of control research to hypothesize about the impact of control types on firm valuation. We investigate whether market participants discriminate between control types when making investment decisions. Our empirical results of Swiss data suggest that control types represent discrete governance contexts with a unique set of conditions each related to a different level of principal-principal agency costs. Specifically, we find that firms with family ownership and professional management are valued more highly relative to other control configurations and that owners can use board and share structures to signal good governance. Our study thus provides support for a psychological and socio-political perspective of principal-principal conflicts of interests and expropriation of minority investors.de_CH
dc.language.isoende_CH
dc.publisherVirtus Interpressde_CH
dc.relation.ispartofCorporate Ownership and Controlde_CH
dc.rightsLicence according to publishing contractde_CH
dc.subjectBlockholderde_CH
dc.subjectControlde_CH
dc.subjectOwnershipde_CH
dc.subjectSwissde_CH
dc.titleDo market participants perceive blockholders' power and preferences? : locus of control, preference heterogeneity, and firm valuation in the Swiss contextde_CH
dc.typeBeitrag in wissenschaftlicher Zeitschriftde_CH
dcterms.typeTextde_CH
zhaw.departementSchool of Management and Lawde_CH
dc.identifier.doi10.22495/cocv10i4art3de_CH
zhaw.funding.euNode_CH
zhaw.issue4de_CH
zhaw.originated.zhawYesde_CH
zhaw.pages.end46de_CH
zhaw.pages.start31de_CH
zhaw.publication.statuspublishedVersionde_CH
zhaw.volume10de_CH
zhaw.publication.reviewPeer review (Publikation)de_CH
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Sikavica, K., & Kessler, E. (2013). Do market participants perceive blockholders’ power and preferences? : locus of control, preference heterogeneity, and firm valuation in the Swiss context. Corporate Ownership and Control, 10(4), 31–46. https://doi.org/10.22495/cocv10i4art3
Sikavica, K. and Kessler, E. (2013) ‘Do market participants perceive blockholders” power and preferences? : locus of control, preference heterogeneity, and firm valuation in the Swiss context’, Corporate Ownership and Control, 10(4), pp. 31–46. Available at: https://doi.org/10.22495/cocv10i4art3.
K. Sikavica and E. Kessler, “Do market participants perceive blockholders’ power and preferences? : locus of control, preference heterogeneity, and firm valuation in the Swiss context,” Corporate Ownership and Control, vol. 10, no. 4, pp. 31–46, 2013, doi: 10.22495/cocv10i4art3.
SIKAVICA, Katarina und Esther KESSLER, 2013. Do market participants perceive blockholders‘ power and preferences? : locus of control, preference heterogeneity, and firm valuation in the Swiss context. Corporate Ownership and Control. 2013. Bd. 10, Nr. 4, S. 31–46. DOI 10.22495/cocv10i4art3
Sikavica, Katarina, and Esther Kessler. 2013. “Do Market Participants Perceive Blockholders’ Power and Preferences? : Locus of Control, Preference Heterogeneity, and Firm Valuation in the Swiss Context.” Corporate Ownership and Control 10 (4): 31–46. https://doi.org/10.22495/cocv10i4art3.
Sikavica, Katarina, and Esther Kessler. “Do Market Participants Perceive Blockholders’ Power and Preferences? : Locus of Control, Preference Heterogeneity, and Firm Valuation in the Swiss Context.” Corporate Ownership and Control, vol. 10, no. 4, 2013, pp. 31–46, https://doi.org/10.22495/cocv10i4art3.


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