S
Stijn Claessens
Researcher at Bank for International Settlements
Publications - 469
Citations - 46271
Stijn Claessens is an academic researcher from Bank for International Settlements. The author has contributed to research in topics: Financial crisis & Corporate governance. The author has an hindex of 96, co-authored 462 publications receiving 42743 citations. Previous affiliations of Stijn Claessens include Australian National University & International Monetary Fund.
Papers
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Journal ArticleDOI
The separation of ownership and control in east asian corporations
TL;DR: The authors examined the separation of ownership and control for 2,980 corporations in nine East Asian countries and found that voting rights frequently exceed cash-ow rights via pyramid structures and cross-holdings.
Posted Content
Disentangling the Incentive and Entrenchment Effects of Large Shareholdings
TL;DR: In this article, the authors disentangle the incentive and entrenchment effects of large ownership and find that firm value increases with the cash-flow ownership of the largest shareholder, consistent with a positive incentive effect.
Journal ArticleDOI
Disentangling the Incentive and Entrenchment Effects of Large Shareholdings
TL;DR: In this article, the authors disentangle the incentive and entrenchment effects of large ownership and find that firm value increases with the cash-flow ownership of the largest shareholder, consistent with a positive incentive effect.
BookDOI
What drives bank competition? some international evidence
Stijn Claessens,Luc Laeven +1 more
TL;DR: In this article, the authors apply the Panzar and Rosse (1987) methodology to estimate the extent to which changes in input prices are reflected in revenues earned by specific banks in 50 countries' banking systems.
Posted Content
Political Connections and Preferential Access to Finance: Role of Campaign Contributions
TL;DR: The authors found that companies that provided contributions to elected federal deputies experienced higher stock returns than firms that did not around the 1998 and 2002 elections, indicating that access to bank finance is an important channel through which political connections operate.