Theoretical Model, Hypotheses, and Operationalization

Abstract

Chapter 5 lays the ground for and introduces the theoretical reasoning underlying the empirical analysis. Therefore, it combines the analysis on the theoretical background and institutional environment of chapter 2, the explanation of the mechanism “blockholder monitoring” in chapter 3 as well as the possible determinants of blockholder monitoring introduced in chapter 4. Section 5.1 explains the model of blockholder monitoring that constitutes the basis for the empirical investigation. Building on the broad explanation of the model, section 5.2 enlarges upon the particular relationships within the model to develop hypotheses to be investigated in the empirical analysis. Section 5.3 focuses on the operationalization of the model’s components. Section 5.4 provides the résumé.