
Contents
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Introduction Introduction
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Ownership Structure Ownership Structure
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Inside Owners Inside Owners
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Outside Ownership Outside Ownership
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Conflict among Owners Conflict among Owners
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Future Research Directions Future Research Directions
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Handling Conflicts Handling Conflicts
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Attracting the “Right” Investors Attracting the “Right” Investors
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Ownership Management Ownership Management
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Conclusion Conclusion
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References References
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11 Corporate Governance: Ownership Interests, Incentives, and Conflicts
Get accessDavid S. Boss, Mays Business School, Texas A&M University
Brian L. Connelly, College of Business, Auburn University
Robert E. Hoskisson currently holds the George R. Brown Chair of Management at the Jesse H. Jones Graduate School of Management at Rice University, United States. His research focuses on: corporate and international diversification strategies; governance and innovation, and entrepreneurship; acquisitions and divestitures; business groups and strategies of emerging economy firms; and cooperative strategy. Professor Hoskisson's research has been published widely in top management journals and he has co‐authored over twenty books. He is currently an Associated Editor of the Strategic Management Journal as well as serving in a number of other editorial roles or as a board member at other journals. He is a Fellow of the Strategic Management Society and the Academy of Management.
Laszlo Tihanyi, Mays Business School, Texas A&M University.
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Published:01 July 2013
Cite
Abstract
This chapter studies the influence of a single type of owner or form of ownership. It analyzes ownership at a broader level and compares the different types of owner. It then shows how they act independently and together in order to influence the outcomes of a firm. It stresses that while these types of owner may share some similarities, they have different preferences, incentives, and motivations. These differences may lead to conflicts, which leave top-level managers with difficult choices and competing pressures with regard to their firm’s strategic direction. The final section of the chapter presents some suggestions on future research that could help in understanding the influence of a portfolio of owners on the outcomes and actions at the firm level.
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