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Jana Fidrmuc

Date of Ph.D. defense:June 27, 2003
Title of thesis:The Impact of Blockholders on Information Signalling, Productivity and Managerial Disciplining PDF
ISBN:90 5668 117 6
Promotors:Prof.dr. Piet Moerland, Dr. Rez Kabir, Dr. Luc Renneboog

Abstract:
It has recently been acknowledged that all over the world, large shareholders control important parts of publicly traded companies. This dissertation tries to contribute to the existing literature by exploring particular aspects of large shareholders in market economies as well as transition economies. The first part is devoted to exploring the impact of different types of blockholders on market reaction to directors' dealings (insider trading) in the U.K. The second part analyzes the restructuring activities pushed forward by new private owners in voucher-privatized firms in the Czech republic shortly after the transfer of ownership.