• Do stakeholders matter for corporate governance? Behavior and performance of Norwegian banks 1985-2002 

      Bøhren, Øyvind; Josefsen, Morten G. (CCGR Research Report;1/2007, Research report, 2007)
      The distribution of formal control rights among the firm’s stakeholders (such as stockholders, creditors, employees, politicians, and customers) attracts considerable public attention in many countries. For instance, a ...
    • Stakeholder conflicts and dividend policy 

      Bøhren, Øyvind; Josefsen, Morten G.; Steen, Pål E. (Journal article; Peer reviewed, 2012)
      This paper compares the dividend policy of owner-controlled firms with that of firms where the owners are a minority relative to non-owner employees, customers, and community citizens. We find that regardless of whether ...
    • Stakeholder rights and economic performance: the profitability of nonprofits 

      Bøhren, Øyvind; Josefsen, Morten G. (Journal article; Peer reviewed, 2013)
      This paper explores whether ownership matters in a fundamental sense by comparing the performance of stockholder-owned firms with the much less analyzed nonprofit firms. No stakeholder has residual cash flow rights in ...
    • Three essays on corporate control 

      Josefsen, Morten G. (Series of Dissertations;7/2011, Doctoral thesis, 2011)
      This dissertation consists of the three papers “Stakeholder rights and economic performance: The profitability of nonprofits” (with Øyvind Bøhren), “Stakeholder conflicts and dividend policy: A cleaner test” (with Øyvind ...