Interactions of Legislative Environment, Ownership Structures and Control Rights: A Review of Literature

dc.contributor.authorGürünlü, Meltem
dc.date.accessioned2024-07-12T21:40:53Z
dc.date.available2024-07-12T21:40:53Z
dc.date.issued2011en_US
dc.department[Belirlenecek]en_US
dc.description.abstractThe legislative environment prevailing in an economy can be an important determinant of how the firms are governed and the extent to which minority shareholders and other stakeholders are protected. The results of empirical literature on legislative environment as an external corporate governance mechanism indicate that legal and regulatory mechanisms are fundamental determinants in the evolution of corporate governance structures (LaPorta, Lopez-de-Silanes, Shleifer and Vishny (1997, 1998, 1999, 2000 and 2002). In an ideal corporate governance model, one share is equal to one vote which means that cash flow right (ownership right) is equal to the control right (voting right). In reality, trade offs exist between ownership and control rights in every system no matter what the country's corporate governance system is classified as: - an outsider (dispersed ownership structure) or insider (concentrated ownership structure) -. This paper aims to investigate the comprehensive literature on investors protection topic and taxonomy of different corporate governance systems of countries from various legal origins. In this context, this paper analyzes different mechanisms to concentrate or diffuse control rights with reference to Turkish Commercial Code and Capital Market Laws.en_US
dc.identifier.endpage99en_US
dc.identifier.issn1913-9047
dc.identifier.issn1913-9055
dc.identifier.issue1en_US
dc.identifier.startpage94en_US
dc.identifier.urihttps://hdl.handle.net/20.500.12415/7542
dc.identifier.volume4en_US
dc.identifier.wosWOS:000215054700009en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Science
dc.language.isoenen_US
dc.publisherCanadian Center Science & Educationen_US
dc.relation.ispartofJournal of Politics And Lawen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.snmzKY09384
dc.subjectCorporate Governanceen_US
dc.subjectOwnershipen_US
dc.subjectLegislative Environmenten_US
dc.subjectControl And Cash Flow Rightsen_US
dc.titleInteractions of Legislative Environment, Ownership Structures and Control Rights: A Review of Literatureen_US
dc.typeReview Article
dspace.entity.typePublication

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