This is a brief overview of the literature on corporate governance, ownership and firm performance. We cover different strands related to financialization, corporate ownership structure, stakeholders and shareholders, manager remuneration schemes, and share repurchases. Although this text should not be construed as a full literature review, we discuss how to use the empirical evidence to steer our model design and our choice of model assumptions.
Financial and Real Investment, Ownership Structure and Manager Compensation: Summary of Empirical Evidence
Sander van der Hoog
Department of Business Administration and Economics, Bielefeld University