Share Ownership and Control in Listed Australian Companies

IF 2.8 Q2 BUSINESS

Corporate Communications Pub Date : 1999-08-25 DOI:10.2139/ssrn.164129

G. Stapledon

引用次数: 18

Abstract

This paper examines the structure of share ownership and control in companies listed on the Australian Stock Exchange (ASX). A comparison is made with the structure of share ownership and control in companies listed on the London Stock Exchange. The paper shows that the level of institutional share ownership and control has been increasing in Australia in recent decades. The paper explores the implications of this for securities regulation, corporate governance, and corporate performance. The empirical evidence presented in this paper demonstrates that large non-institutional shareholders are also prominent in the Australian share market. This too has several implications, especially in the areas of corporate governance, corporate performance, and takeovers regulation and practice, which are discussed.

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澳大利亚上市公司的股权与控制权

本文考察了在澳大利亚证券交易所(ASX)上市的公司的股权和控制结构。并与伦敦证券交易所上市公司的股权和控制权结构进行了比较。本文表明，近几十年来，澳大利亚的机构股权和控制水平一直在提高。本文探讨了这对证券监管、公司治理和公司绩效的影响。本文提供的实证证据表明，大型非机构股东在澳大利亚股票市场中也很突出。这也有几个含义，特别是在公司治理、公司绩效和收购监管和实践方面，这些都是讨论的。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Corporate Communications BUSINESS-

CiteScore

3.90

自引率

20.00%

发文量

期刊介绍： Corporate Communications: An International Journal addresses the issues arising from the increased awareness that an organisation''s communications are part of the whole organisation, and that the relationship an organisation has with its external public requires careful management. The responsibility for communications is increasingly being seen as part of every employee''s role and not simply the function of the marketing/PR departments. This journal will illustrate why communications are important and how best to implement a strategic communications plan.